The Gen Next Foundation Inc logo

The Gen Next Foundation Inc

Public charity · Grantmaker Irvine, CA EIN: 27-1276227 Website

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

Navy Seal Foundation: $40KNavy Seal Foundation$40K

The largest 2024 recipient was Navy Seal Foundation ($40K).

Grant Size Distribution

7 grants across all recorded years

1<$50K1$50–100K3$100–250K$250–500K1$500K–1M$1–5M1$5M+

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

6states

Share of the 2024 grant dollars on its one itemized grant.

Cities

BostonFairfaxIrvineJacksonSeattleVirginia BeachWashington

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M$8M0 grants2020 0 grants2021 6 grants2022 0 grants2023 1 grant2024

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

RecipientPurposeAmount
Navy Seal Foundation Virginia Beach, VACombined Federal Campaign #11454$40,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2024$138,086$258,246$492,141$40,0001—
2023$347,337$1,059,824$1,120,902———
2022$414,827$1,078,028$7,865,650$6,388,7886$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

Michael Davidson — CEO: $40KMichael DavidsonCEO$40K

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

  1. Updated Form 990 for fiscal year 2022 (received by the IRS October 16, 2023)
  2. Updated Form 990 for fiscal year 2024 (received by the IRS December 1, 2025)
  3. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from The Gen Next Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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