Generations of Giving Foundation Inc
Generations of Giving Foundation Inc is a private foundation based in Wilmington, Delaware. The foundation was established in 2020 and operates as a 501(c)(3) organization. It is also known as the Daniel H Lome Foundation. The foundation operates with no employees and maintains significant assets to support its grantmaking activities.
Key facts about Generations of Giving Foundation Inc
- EIN
- 84-3163557
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $768,000
- Grants made (2024)
- 42
- Average grant
- $18,286
- Median grant
- $10,000
- New grantees (estimate)
- 7% first-time grantees (3 of 41, 2024)
- Total assets
- $11,988,166
- Primary geography
- Illinois (42% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Generations of Giving Foundation Inc funds
By grant dollars, the top recipient states for Generations of Giving Foundation Inc's 42 itemized 2024 grants were Illinois (42%), New York (19%) and Washington (13%). The most frequent recipient cities were Chicago, IL (20 grants) and New York, NY (6 grants). 93% of grants with a stated purpose were for general or operating support.
Is Generations of Giving Foundation Inc open to new grantees?
7%
first-time grantees, 2024
In 2024, 3 of 41 grantees (7%) were first-time recipients. First grants averaged $12K; repeat grants $19K. How we count
Medians: $10K first-time, $10K repeat.
- 88% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+18%). Method
- In 2024 it paid out 130% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Generations of Giving Foundation Inc
- How to evaluate Generations of Giving Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.0M
+1.8% YoY
Annual Giving
$768K
+27.0% YoY
Grant Count
42
+10.5% YoY
Avg Grant Size
$18K
+14.9% YoY
Under IRS private-foundation payout rules, Generations of Giving Foundation Inc reported a distributable amount of $657K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
Grantmaking
The foundation made $768,000 in total grants in 2024. Typical grant awards range from $2,000 to $100,000.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on Illinois, New York, and California.
Grant Distribution by State
Share of all 42 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (as of December 2024)
- Total Assets: $11,988,166
- Total Revenues: $1,110,142
- Total Expenses: $902,799
- Investment Income and Dividends: $339,158
Revenue Composition
Investment income and dividends represent the primary revenue source, with $339,158 in investment returns during 2024, representing a 7.9% increase from the prior year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,988,166 | $11,780,823 | $11,657,798 |
| Revenue | $1,110,142 | $811,013 | $-680,934 |
| Expenses | $902,799 | $687,988 | $626,623 |
| Qualifying Distributions | $853,913 | $676,444 | $608,737 |
| Net Investment Income | $1,033,756 | $906,566 | — |
| Distributable Amount | $656,654 | $571,173 | $562,123 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
191 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Brothers for Life ($100,000), The Shalom Hartman Institute of North America ($100,000), Extensions Dance CO ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BROTHERS FOR LIFE Seattle, WA | General & Unrestricted | $100,000 |
| THE SHALOM HARTMAN INSTITUTE OF NORTH AMERICA New York, NY | General & Unrestricted | $100,000 |
| EXTENSIONS DANCE CO Chicago, IL | General & Unrestricted | $50,000 |
| NASCAR FOUNDATION Daytona Beach, FL | General & Unrestricted | $50,000 |
| BRUCE WOOD DANCE CO INC Dallas, TX | General & Unrestricted | $30,000 |
| NAMI CHICAGO Chicago, IL | General & Unrestricted | $30,000 |
| NASCAR HALL OF FAME FOUNDATION Charlotte, NC | General & Unrestricted | $30,000 |
| C21 WOMENS ENSEMBLE Chicago, IL | General & Unrestricted | $25,000 |
| GRANDE PRAIRIE CHORAL ARTS Park Forest, IL | General & Unrestricted | $25,000 |
| ILLINOIS HOLOCAUST MUSEUM & EDUCATION CENTER Skokie, IL | General & Unrestricted | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Steven Borkan | Dir, Treas | 1 | $10,000 |
| Cynthia Brown | Sec, Dir | 2 | $10,000 |
| Lauren Brown | Dir, Pres | 2 | $10,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Generations of Giving Foundation Inc fund?
The foundation's grantmaking focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
How do I apply for a grant from Generations of Giving Foundation Inc?
**Grant Activity & Amounts** The foundation made $768,000 in total grants in 2024. Typical grant awards range from $2,000 to $100,000. **Recent Grants (2024)** Notable recent grants include: • Brothers for Life: $100,000 (General & Unrestricted) • The Shalom Hartman Institute of North America: $100,000 (General & Unrestricted) • Extensions Dance Company: $50,000 (General & Unrestricted) The foundation made 39 grants in total during 2024.
Where does Generations of Giving Foundation Inc make grants?
The foundation's grantmaking focuses primarily on Illinois, New York, and California.
What size grants does Generations of Giving Foundation Inc award?
In 2024, Generations of Giving Foundation Inc awarded 42 grants totaling $768K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Generations of Giving Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Generations of Giving Foundation Inc reported a distributable amount of $657K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Generations of Giving Foundation Inc's EIN?
Generations of Giving Foundation Inc's EIN (Employer Identification Number) is 84-3163557. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.