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EIN 46-2109112

Bright Funds Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
San Jose
State
California
Year formed
2013
Most recent tax filings
2022-12-01
NTEE code, primary
T30: Public Foundations
Description
The Bright Funds Foundation empowers people to become meaningful, effective, and engaged philanthropists. The Foundation provides a platform for supporting charitable programs, initiatives, and organizations to enhance the lives of those in need. It encourages and facilitates online giving.
Total revenues
$69,853,050
2022
Total expenses
$68,290,248
2022
Total assets
$27,273,042
2022
Num. employees
0
2022

Program areas at Bright Funds Foundation

The Foundation provides a platform for supporting charitable programs, charitable initiatives, and charitable organizations in order to enhance and improve the lives of those in need. To accomplish these purposes, it will encourage and facilitate online giving opportunities to and for all 501(c)(3) charitable organizations with the goal of increasing philanthropy while decreasing the cost of fundraising as a whole by providing the public with straightforward and secure ways to donate to, or volunteer for, the charity of their choice, and track their giving through state of the art internet-based tools.

Grants made by Bright Funds Foundation

GranteeGrant descriptionAmount
Second Harvest of Silicon ValleyGeneral Purpose$1,035,067
Islamic Relief USAGeneral Purpose$713,242
St Jude Children's Research HospitalGeneral Purpose$687,454
...and 982 more grants made totalling $33,625,036

Who funds Bright Funds Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$24,558,662
Cisco Systems FoundationMatching Employee Gifts$11,965,670
Silicon Valley Community Foundation (SVCF)General Nonprofit Support$189,393
...and 8 more grants received

Personnel at Bright Funds Foundation

NameTitleCompensation
Srinagesh VitthanalaPresident
Cliff GoldsteinTreasurer$0
Srinagesh VitthalanaPresident$0
Andrew FlachnerSecretary$0
Ty WalrodPresident$0

Financials for Bright Funds Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$69,853,050
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$69,853,050

Form 990s for Bright Funds Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-17990View PDF
2021-122022-12-21990View PDF
2019-122021-03-31990View PDF
2018-122020-01-30990View PDF
2017-122019-02-21990View PDF
...and 5 more Form 990s
Data update history
August 10, 2024
Received grants
Identified 2 new grant, including a grant for $11,965,670 from Cisco Systems Foundation
May 19, 2024
Received grants
Identified 3 new grant, including a grant for $115,322 from Williams-Sonoma Inc Foundation
January 3, 2024
Received grants
Identified 3 new grant, including a grant for $189,393 from Silicon Valley Community Foundation (SVCF)
November 28, 2023
Used new vendors
Identified 1 new vendor, including
November 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsCharities
Issues
No issues found
Characteristics
Operates donor advised fundsProvides grantsOperates internationallyTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 53125
San Jose, CA 95153
Metro area
San Jose-Sunnyvale-Santa Clara, CA
County
Santa Clara County, CA
Website URL
hello.brightfunds.org/about/ 
Phone
(650) 862-6400
IRS details
EIN
46-2109112
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0205870
FTB Entity ID
3531065
AB 488 data last updated ("as-of") date
2024-12-04
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