The Next Edison is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONG LAKE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 8 grants totaling $382K. Net investment income was $33K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
-6.9% YoY
Annual Giving
$382K
+51.3% YoY
Grant Count
8
-11.1% YoY
Avg Grant Size
$48K
+70.2% YoY
About The Next Edison
Based on IRS filings
The Next Edison is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONG LAKE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 8 grants totaling $382K. Net investment income was $33K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,045,001 | $3,270,238 | $3,483,552 |
| Revenue | $192,995 | $62,234 | $65,034 |
| Expenses | $417,253 | $285,548 | $227,042 |
| Qualifying Distributions | $381,529 | $252,241 | $190,607 |
| Net Investment Income | $33,103 | $28,294 | $4,092 |
| Distributable Amount | $130,015 | $140,909 | $149,817 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
51 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LORI L MEEHAN | TRUSTEE | 2 | — |
| ANDREW M O'BRIEN | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Donald and Luella Zibell Family Foundation
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Assets
—
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Total Given
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Minnesota Citizens Concerned
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Assets
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Total Given
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Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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