Future Generation Project
Future Generation Project is a private foundation focused on Health, based in Woodinville, WA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $74K in total assets. In 2023, it made $70K in qualifying distributions. Net investment income was $26K.
Future Generation Project at a glance
- Total assets
- $74,232
- +273.6% vs 2022
- Revenue (2023)
- $26,197
- +619.1% vs 2022
- Qualifying distributions (2023)
- $69,961
- -7.4% vs 2022
- Expenses (2023)
- $69,961
- -1.0% vs 2022
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Future Generation Project funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $5K (2022) to $20K (2020). In 2022 it made 1 grant totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2023 | $74,232 | $26,197 | $69,961 | — | — | $69,961 | $26,197 |
| 2022 | $19,868 | $3,643 | $70,655 | $5,000 | 1 | $75,580 | $3,643 |
| 2021 | $126,635 | $76,490 | $110,148 | $12,200 | 1 | $110,148 | $49,290 |
| 2020 | $120,538 | $50,600 | $65,387 | $20,270 | 1 | — | $33,543 |
Leadership & Key People
Officers and directors from IRS filings
Future Generation Project is led by Jason Michalski, President on every filing since 2020; 1 of 5 officers listed in 2023 is compensated.
Officers on the 2023 filing
Jason Michalski
President
On filings since 2020
No compensation reported
Eric Stearns
Director
On filings since 2020
No compensation reported
James Farris
Director
On filings since 2020
No compensation reported
Neil Schober
Director
On filings since 2020
No compensation reported
Rachael Michalski
Vice President
On filings since 2020
40 hrs/week
$35K (2020) → $60K (2023)
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $60K, to Rachael Michalski (Vice President).
Frequently asked questions about Future Generation Project
How large is Future Generation Project?
Future Generation Project reported $74K in total assets on its 2023 IRS Form 990-PF. Its revenue that year was $26K.
What is Future Generation Project?
Future Generation Project is a private foundation focused on Health, based in Woodinville, WA. It holds $74K in total assets as of 2023.
Where does Future Generation Project operate?
Future Generation Project has awarded grants in Washington.
What is Future Generation Project's EIN?
Future Generation Project's EIN (Employer Identification Number) is 27-2877690. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- IRS filings on file for fiscal years 2020–2023
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Future Generation Project down — hundreds of funders to go?