The Bright Star Future Foundation
The Bright Star Future Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FULLERTON, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $364K in total assets. In 2024, it awarded 2 grants totaling $49K. Net investment income was $11K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$364K
-13.5% YoY
Annual Giving
$49K
+12.3% YoY
Grant Count
2
-75.0% YoY
Avg Grant Size
$25K
+349.3% YoY
Under IRS private-foundation payout rules, The Bright Star Future Foundation reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bright Star Future Foundation
Based on IRS filings
The Bright Star Future Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FULLERTON, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $364K in total assets. In 2024, it awarded 2 grants totaling $49K. Net investment income was $11K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $364,295 | $421,165 | $484,627 |
| Revenue | $-7,465 | $-19,235 | $118,770 |
| Expenses | $49,405 | $44,227 | $14,349 |
| Qualifying Distributions | $49,405 | $43,800 | $10,473 |
| Net Investment Income | $11,023 | $10,750 | $23,139 |
| Distributable Amount | $21,902 | $21,974 | $19,814 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include International Foundation for Skk Univer ($45,000), St Thomas Korean Catholic Center ($4,200).
| Recipient | Purpose | Amount |
|---|---|---|
| St Thomas Korean Catholic Center Anaheim, CA | Religious | $4,200 |
| INTERNATIONAL FOUNDATION FOR SKK UNIVER ROCKVILLE, MD | SUPPORT FOR STUDENTS | $45,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bong Sei Kim | Trustee | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Bright Star Future Foundation?
The Bright Star Future Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FULLERTON, CA. It holds $364K in total assets as of 2024.
How large is The Bright Star Future Foundation?
As of 2024, The Bright Star Future Foundation holds $364K in total assets with $-7,465 in annual revenue. It awarded 2 grants totaling $49K in 2024.
Where does The Bright Star Future Foundation operate?
The Bright Star Future Foundation has awarded grants in California, Maryland, New Jersey, New York.
What size grants does The Bright Star Future Foundation award?
In 2024, The Bright Star Future Foundation awarded 2 grants totaling $49K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is The Bright Star Future Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bright Star Future Foundation reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bright Star Future Foundation's EIN?
The Bright Star Future Foundation's EIN (Employer Identification Number) is 81-4426678. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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