New Generation Foundation Inc

LAS VEGAS, NV EIN: 36-4957734

International, Foreign Affairs & National Security

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$27.9M

Grant Count

Avg Grant Size

$27.9M

About New Generation Foundation Inc

Based on IRS filings

New Generation Foundation Inc is a nonprofit organization 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 grants totaling $27.9M. Net investment income was $116K.

Focus Areas

International, Foreign Affairs & National Security

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Nevada $27.9M (100%)

States

Nevada

Cities

LAS VEGAS

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	—	$30,712,966	$1,489,115,917
Revenue	$116,471	$20,892,979	$12,025,273
Expenses	$30,824,521	$4,494,980	$7,755,279
Qualifying Distributions	—	—	—
Net Investment Income	$116,471	$20,874,456	$12,024,673
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ngf Nevada Trust ($27,928,474).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOEL MCCLEARY	CHAIR	45	$877,500
NURALY BEKTURGANOV	SECRETARY	35	$780,000
ROBERT F ARMAO	DIRECTOR	30	$780,000
AIDOS BEKTURGANOV	EXECUTIVE DIRECTOR AND MAN	40	—
GANBAT CHULUUNKHUU	EXECUTIVE DIRECTOR, NGF NEVADA TRUST	40	$156,000

Subject Areas

Focus areas based on grantmaking activity

International, Foreign Affairs & National Security

Frequently Asked Questions

What is New Generation Foundation Inc?

New Generation Foundation Inc is a nonprofit organization focused on International, Foreign Affairs & National Security, based in LAS VEGAS, NV. It holds — in total assets as of 2024.