Digital Equity Foundation Act of 2022 This bill sets out a process for establishing the Foundation for Digital Equity to raise funding for, develop programs and partnerships to, and otherwise support efforts to expand access to broadband internet and promote digital literacy, inclusion, and equity. The bill authorizes the foundation to carry out a range of activities to advance its mission, such as (1) establishing for-profit subsidiaries to stimulate economic development and attract investment partners, and (2) awarding grants.