Brightfocus Foundation

Organization Overview

Brightfocus Foundation is located in Clarksburg, MD. The organization was established in 1974. As of 03/2022, Brightfocus Foundation employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brightfocus Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 03/2022, Brightfocus Foundation generated $50.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $54.1m during the year ending 03/2022. While expenses have increased by 8.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Brightfocus Foundation has awarded 494 individual grants totaling $101,707,925. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

BRIGHTFOCUS FOUNDATION (BRIGHTFOCUS) SEEKS A WORLD FREE FROM DISEASES OF MIND AND SIGHT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALZHEIMER'S DISEASE RESEARCH (ADR)PLEASE REFER TO SCHEDULE O FOR A COMPLETE DESCRIPTION OF THE ACCOMPLISHMENTS FOR ALZHEIMER'S DISEASE RESEARCH.


MACULAR DEGENERATION RESEARCH (MDR)PLEASE REFER TO SCHEDULE O FOR A COMPLETE DESCRIPTION OF THE ACCOMPLISHMENTS FOR MACULAR DEGENERATION RESEARCH.


NATIONAL GLAUCOMA RESEARCH (NGR) PLEASE REFER TO SCHEDULE O FOR A COMPLETE DESCRIPTION OF THE ACCOMPLISHMENTS FOR NATIONAL GLAUCOMA RESEARCH.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rkd Group
Public Awareness Consul. & Materials
$9,417,726
Allegiance Group
Online Public Awareness Consulting
$628,947
Adstra Llc
List Rental
$505,173
Data Management Inc
Database Management
$294,513
Google
Public Awareness Advertising
$277,994
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$255,977
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$46,266,433
Noncash contributions included in lines 1a–1f $337,480
Total Revenue from Contributions, Gifts, Grants & Similar$46,522,410
Total Program Service Revenue$0
Investment income $1,038,513
Tax Exempt Bond Proceeds $0
Royalties $440,595
Net Rental Income $542,988
Net Gain/Loss on Asset Sales $2,205,722
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $50,757,728

Grants Awarded

Over the last fiscal year, Brightfocus Foundation has awarded $18,193,250 in support to 80 organizations.

Grant RecipientAmount

THE JACKSON LABORATORY

Org PageRecipient Profile

Bar Harbor, ME

PURPOSE: MACULAR DEGENERATION RESEARCH BY PATSY NISHINA, PHD, ENTITLED: (M2022016I)

$600,000

DRUSOLV THERAPUTICS INC

PURPOSE: MACULAR DEGENERATION RESEARCH BY JOHN G. EDWARDS, MS/MBA, ENTITLED: (CM2022001)

$500,000

THE REGENTS OF THE UNIVERSITY OF MICHIGAN

Org PageRecipient Profile

Ann Arbor, MI

PURPOSE: MACULAR DEGENERATION RESEARCH BY LEV PRASOV, PHD, ENTITLED: (M2022011N)

$450,000

JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE

Org PageRecipient Profile

Baltimore, MD

PURPOSE: MACULAR DEGENERATION RESEARCH BY SRINIVASA RAO SRIPATHI, PHD, ENTITLED: (M2022014N)

$450,000

THE REGENTS OF THE UNIVERSITY OF MICHIGAN

Org PageRecipient Profile

Ann Arbor, MI

PURPOSE: MACULAR DEGENERATION RESEARCH BY THOMAS WUBBEN, PHD, ENTITLED: (M2022008N)

$450,000

UNIVERSITY OF SOUTH FLORIDA

PURPOSE: MACULAR DEGENERATION RESEARCH BY MANAS BISWAL, PHD, ENTITLED: (M2022012N)

$450,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Brightfocus Foundation has recieved totaling $141,400.

Awarding OrganizationAmount
Homer And Annette Thompson Foundation

Wilmington, DE

PURPOSE: ALZHEIMER'S DISEASE RESEARCH

$100,000
Perry Family Foundation Inc

Pensacola, FL

PURPOSE: ALZHEIMER'S DISEASE RESEARCH

$30,000
Mogg Foundation Irrv Tr

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$5,000
Perry Family Foundation Inc

Pensacola, FL

PURPOSE: MACULAR DEGENERATION RESEARCH

$5,000
Daniel And Julie Hartung Charitable Foundation Inc

Fitchburg, WI

PURPOSE: MACULAR DEGENERATION RESEARCH

$500
Easthampton Savings Foundation

Easthampton, MA

PURPOSE: EXEMPT PURPOSE

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$302,000
Earnings$23,000
Net Contributions$36,634
Other Expense$36,634
Ending Balance$325,000

Peer Organizations

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