Generation Fund Inc
Generation Fund Inc is a private foundation, based in Burlington, VT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $39.7M in total assets. In 2024, it awarded 4 grants totaling $5.9M. Net investment income was $1.9M.
Generation Fund Inc at a glance
In short: Generation Fund Inc gave $5.9M across 4 grants in 2024 (avg $1.5M), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,859,986
- -15.5% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $1,464,997
- -15.5% vs 2023
- Median grant
- $1,418,661
- Total assets
- $39,670,379
- -4.8% vs 2023
- Primary geography
- Massachusetts (52% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Generation Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Vanguard Charitable ($1.6M). Together the top 4 received $5.9M.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was in the $1–5M range: 10 grants of 16 (63%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Generation Fund Inc gives
- Giving grew 127% from 2021 to 2024. Method
- In 2024 it paid out 284% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.3M (2020) to $6.9M (2023). In 2024 it made 4 grants totaling $5.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vanguard Charitable Boston, MA | Charitable (Unrestricted) | $1,633,360 |
| Fidelity Charitable Gift Fund Cincinnati, OH | Charitable (Unrestricted) | $1,438,522 |
| National Philanthropic Trust Jenkintown, PA | Charitable (Unrestricted) | $1,398,800 |
| The Boston Foundation Boston, MA | Charitable (Unrestricted) | $1,389,304 |
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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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $39,670,379 | $2,027,412 | $6,214,831 | $5,859,986 | 4 | $5,948,578 | $1,854,936 | $2,097,244 |
| 2023 | $41,670,767 | $1,028,374 | $7,297,252 | $6,938,789 | 4 | $7,029,742 | $762,691 | $2,129,068 |
| 2022 | $41,955,386 | $1,727,751 | $2,925,850 | $2,519,018 | 2 | $2,573,728 | $1,438,521 | $2,334,864 |
| 2021 | $55,569,141 | $3,831,899 | $3,113,398 | $2,579,685 | 4 | $2,643,225 | $3,388,331 | $2,583,842 |
| 2020 | $48,417,367 | $2,866,127 | $1,655,680 | $1,275,000 | 2 | — | $2,543,810 | $2,037,326 |
Under IRS private-foundation payout rules, Generation Fund Inc reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Generation Fund Inc is led by Austin Hart Co Dinse Pc, President on every filing since 2020; 3 of 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Austin Hart Co Dinse Pc
President
On filings since 2020
2 hrs/week
$13K (2020) → $15K (2024)
Peter Brown Co Dinse Pc
Secretary
On filings since 2020
1 hr/week
$13K (2020) → $15K (2024)
Wallace Tapia Co Dinse Pc
Treasurer
On filings since 2020
3.5 hrs/week
$13K (2020) → $15K (2024)
E. Russell Peach Iv Co Dinse Pc
Assistant Treasurer -
Assistant Treasurer → Assistant Treasurer -, 2024
On filings since 2020
1 hr/week
No compensation reported
Meredith Murphy Co Dinse Pc
Assistant Treasurer -
New on the 2024 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $15K, to Austin Hart Co Dinse PC (President). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Generation Fund Inc
How much does Generation Fund Inc give each year?
Generation Fund Inc gave $5.9M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $6.9M across 4 grants.
What is Generation Fund Inc's typical grant size?
Generation Fund Inc's median grant in 2024 was $1,418,661, and its average grant was $1,464,997, across 4 grants on its 2024 IRS Form 990-PF.
Where does Generation Fund Inc give grants?
Generation Fund Inc gives mostly in Massachusetts: 52% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Ohio (25%) and Pennsylvania (24%). The most frequent recipient cities were Boston, MA (2 grants).
Does Generation Fund Inc give general operating support?
Yes: 100% of Generation Fund Inc's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Generation Fund Inc?
Generation Fund Inc reported $39.7M in total assets on its 2024 IRS Form 990-PF. It paid out $5.9M in qualifying distributions that year, against a required minimum of $2.1M (roughly 5% of its investment assets).
What is Generation Fund Inc's EIN?
Generation Fund Inc's EIN (Employer Identification Number) is 27-2993973. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Generation Fund Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Generation Fund Inc's focus areas in our free grants database
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