New Generation Foundation Inc
To provide funding to support the mission and activities of the autonomous educational organizations, "nazarbayev university and "nazarbayev intellectual schools," each a not-for-profit entity located in the republic of kazakhstan, and their organizations.
New Generation Foundation Inc at a glance
In short: New Generation Foundation Inc gave $27.9M across 1 grant in 2024 (avg $27.9M), mostly in Nevada. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $27,928,474
- Grants made (2024)
- 1
- Average grant
- $27,928,474
- Median grant
- $27,928,474
- Primary geography
- Nevada (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who New Generation Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was NGF Nevada Trust ($27.9M).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was $5M or more: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $2.5M (2022) to $27.9M (2024). In 2024 it made 1 grant totaling $27.9M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NGF Nevada Trust Las Vegas, NV | The ngf Nevada trust is a trust formed by the new generation foundation, inc. ("ngf") to receive the remaining funds and assets of ngf in connection with its dissolution. The trust is intended to resolve any outstanding valid claims, obligations, debts, and expenses, and to support any potential litigation related to ngf and its transactions. Ultimately, the trust aims to distribute any remaining assets to ngf's charitable beneficiaries, specifically nazarbayev university and nazarbayev intellectual schools in kazakhstan, thereby fulfilling ngf's original mission of supporting educational and social development programs in kazakhstan. | $27,928,474 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | — | $116,471 | $30,824,521 | $27,928,474 | 1 | $116,471 |
| 2023 | $30,712,966 | $20,892,979 | $4,494,980 | — | — | $20,874,456 |
| 2022 | $1,489,115,917 | $12,025,273 | $7,755,279 | $2,462,225 | Total only | $12,024,673 |
| 2021 | $1,453,025,700 | $18,700,340 | $12,494,586 | $11,900,000 | Total only | $12,900,340 |
| 2020 | $1,601,127,025 | $1,230,760,577 | $25 | — | — | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About New Generation Foundation Inc
Based on IRS filings
New Generation Foundation Inc is a public charity focused on International, Foreign Affairs & National Security, based in Las Vegas, NV. IRS filing data is available from 2020 through 2024. In 2024, it awarded 1 grant totaling $27.9M. Net investment income was $116K.
Leadership & Key People
Officers and directors from IRS filings
New Generation Foundation Inc is led by Aidos Bekturganov, Executive Director & Man since 2023 (on filings since 2022); 4 of 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Aidos Bekturganov
Executive Director & Man
Executive Director & Manager → Executive Director & Man, 2023
On filings since 2022
40 hrs/week
$268K (2022) → $0 (2024)
Ganbat Chuluunkhuu
Executive Director & Ngf Nevada Trustee
New on the 2024 filing
40 hrs/week
$156K (2024)
Joel McCleary
Chair
Director → Chair, 2023
On filings since 2022
45 hrs/week
$58K (2022) → $878K (2024)
Robert F. Armao
Director
On filings since 2022
30 hrs/week
$300K (2023) → $780K (2024)
Nuraly Bekturganov
Secretary
Director → Secretary, 2023
On filings since 2022
35 hrs/week
$24K (2022) → $780K (2024)
Former officers (9)
- Former: M. Ron Wahid (2022–2023) — Jhllc Manager, Chair & CEO
- Former: Aslan Sarinzhipov (2020–2022) — Director
- Former: Kulyash Shamshidinova (2020–2022) — Director
- Former: Shigeo Katsu (2020–2022) — Chairman & Director
- Former: Yerden Kussain (2020–2022) — Executive Director
- Former: Nazipa Ayubaeva (2021–2022) — Director
- Former: Amitabha Mukherjee (2022) — Director & Executive Director
- Former: Mark Medish (2022) — Director
- Former: Rustem Khamzin (2021) — Manager
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 $878K, to Joel McCleary (Chair). 4 officers or directors reported compensation on that filing.
Frequently asked questions about New Generation Foundation Inc
How much does New Generation Foundation Inc give each year?
New Generation Foundation Inc gave $27.9M across 1 grant in 2024, according to its 2024 IRS Form 990.
What is New Generation Foundation Inc?
New Generation Foundation Inc is a public charity focused on International, Foreign Affairs & National Security, based in Las Vegas, NV.
Where does New Generation Foundation Inc operate?
New Generation Foundation Inc has awarded grants in Nevada.
What is New Generation Foundation Inc's EIN?
New Generation Foundation Inc's EIN (Employer Identification Number) is 36-4957734. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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