The Gen Next Foundation Inc
To create opportunities and confront challenges facing future generations in the areas of economic opportunity, education, and global security.
The Gen Next Foundation Inc at a glance
In short: The Gen Next Foundation Inc gave $40K across 1 grant in 2024 (avg $40K), mostly in Virginia. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $40,000
- Grants made (2024)
- 1
- Average grant
- $40,000
- Median grant
- $40,000
- Total assets
- $138,086
- -60.2% vs 2023
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who The Gen Next Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Navy Seal Foundation ($40K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 7 (43%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $40K (2024) to $6.4M (2022). In 2024 it made 1 grant totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Navy Seal Foundation Virginia Beach, VA | Combined Federal Campaign #11454 | $40,000 |
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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 | $138,086 | $258,246 | $492,141 | $40,000 | 1 | — |
| 2023 | $347,337 | $1,059,824 | $1,120,902 | — | — | — |
| 2022 | $414,827 | $1,078,028 | $7,865,650 | $6,388,788 | 6 | $15,720 |
| 2021 | $7,200,762 | $1,543,430 | $1,446,313 | — | — | $23,962 |
| 2020 | $7,235,315 | $1,862,255 | $1,048,590 | — | — | $1,301,429 |
About The Gen Next Foundation Inc
Based on IRS filings
The Gen Next Foundation Inc is a public charity focused on Social Science, based in Irvine, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $138K in total assets. In 2024, it awarded 1 grant totaling $40K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Gen Next Foundation Inc is led by Michael Davidson, CEO on every filing since 2020; 1 of 9 officers listed in 2024 is compensated.
Officers on the 2024 filing
Michael Davidson
CEO
On filings since 2020
25 hrs/week
$40K (2024)
Paul Makarechian
Chairman
On filings since 2020
1 hr/week
No compensation reported
Brian Ferguson
Director
On filings since 2020
1 hr/week
No compensation reported
John Rydell
Director
On filings since 2020
1 hr/week
No compensation reported
Kevin Dunlap
Director
On filings since 2020
1 hr/week
No compensation reported
Pierre Prosper
Director
On filings since 2021
1 hr/week
No compensation reported
Roman Tsunder
Director
On filings since 2021
1 hr/week
No compensation reported
Dj Burke
Secretary
Secretary → Secretary & Director, 2021
Secretary & Director → Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Todd Rustman
Treasurer
Treasurer & Director → Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Wade Lairsen (2020–2024) — President · Filing note: Until 223
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 $40K, to Michael Davidson (CEO).
Frequently asked questions about The Gen Next Foundation Inc
How much does The Gen Next Foundation Inc give each year?
The Gen Next Foundation Inc gave $40K across 1 grant in 2024, according to its 2024 IRS Form 990.
How large is The Gen Next Foundation Inc?
The Gen Next Foundation Inc reported $138K in total assets on its 2024 IRS Form 990. Its revenue that year was $258K.
What is The Gen Next Foundation Inc?
The Gen Next Foundation Inc is a public charity focused on Social Science, based in Irvine, CA. It holds $138K in total assets as of 2024.
Where does The Gen Next Foundation Inc operate?
The Gen Next Foundation Inc has awarded grants in California, District of Columbia, Massachusetts, Virginia, Washington, Wyoming.
What is The Gen Next Foundation Inc's EIN?
The Gen Next Foundation Inc's EIN (Employer Identification Number) is 27-1276227. 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
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS October 16, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS December 1, 2025)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in The Gen Next Foundation Inc's focus areas in our free grants database
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