Generation Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$39.7M
-4.8% YoY
Annual Giving
$5.9M
-15.5% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$1.5M
-15.5% YoY
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.
About Generation Fund Inc
Based on IRS filings
Generation Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $39,670,379 | $41,670,767 | $41,955,386 |
| Revenue | $2,027,412 | $1,028,374 | $1,727,751 |
| Expenses | $6,214,831 | $7,297,252 | $2,925,850 |
| Qualifying Distributions | $5,948,578 | $7,029,742 | $2,573,728 |
| Net Investment Income | $1,854,936 | $762,691 | $1,438,521 |
| Distributable Amount | $2,097,244 | $2,129,068 | $2,334,864 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Vanguard Charitable ($1,633,360), Fidelity Charitable Gift Fund ($1,438,522), National Philanthropic Trust ($1,398,800).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| VANGUARD CHARITABLE BOSTON, MA | CHARITABLE (UNRESTRICTED) | $1,633,360 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AUSTIN HART CO DINSE PC | PRESIDENT | 2 | $15,000 |
| WALLACE TAPIA CO DINSE PC | TREASURER | 3.5 | $15,000 |
| PETER BROWN CO DINSE PC | SECRETARY | 1 | $15,000 |
| E RUSSELL PEACH IV CO DINSE PC | ASSISTANT TREASURER - THRU 6/27/2024 | 1 | — |
| MEREDITH MURPHY CO DINSE PC | ASSISTANT TREASURER - BEGAN 5/16/2024 | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Generation Fund Inc?
Generation Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BURLINGTON, VT. It holds $39.7M in total assets as of 2024.
How large is Generation Fund Inc?
As of 2024, Generation Fund Inc holds $39.7M in total assets with $2.0M in annual revenue. It awarded 4 grants totaling $5.9M in 2024.
Where does Generation Fund Inc operate?
Generation Fund Inc has awarded grants in Massachusetts, Ohio, Pennsylvania.
What size grants does Generation Fund Inc award?
In 2024, Generation Fund Inc awarded 4 grants totaling $5.9M — an average of about $1.5M per grant, based on its IRS Form 990 filings.
How much is Generation Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Generation Fund Inc reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Generation Fund Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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