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
Under IRS private-foundation payout rules, The Next Edison reported a distributable amount of $130K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Univ of Mn Foundation ($300,000), Wolf Ridge Env Learning Ctr ($25,000), Catholic Services Appeal ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARIZONA STATE UNIVERSITY TEMPE, AZ | SCHOLARSHIP/TUITION | $9,021 |
| UNIV OF MN FOUNDATION MINNEAPOLIS, MN | SCHOLARSHIP/TUITION | $300,000 |
| WOLF RIDGE ENV LEARNING CTR FINLAND, MN | CHARITABLE DONATION | $25,000 |
| CATHOLIC SERVICES APPEAL ST PAUL, MN | CHARITABLE DONATION | $25,000 |
| NORTH MEMORIAL HOSPITAL ROBBINSDALE, MN | EMERGENCY SUPPORT - MEDICAL | $1,508 |
| MINNEAPOLIS NATURE PRESCHOOL MINNEAPOLIS, MN | CHARITABLE DONATION | $15,000 |
| ASCENSION CATHOLIC SCHOOL MINNEAPOLIS, MN | CHARITABLE DONATION | $5,000 |
| DOLLARS FOR DEB NEW PRAGUE, MN | CHARITABLE DONATION | $1,000 |
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
Frequently Asked Questions
What is The Next Edison?
The Next Edison is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LONG LAKE, MN. It holds $3.0M in total assets as of 2024.
How large is The Next Edison?
As of 2024, The Next Edison holds $3.0M in total assets with $193K in annual revenue. It awarded 8 grants totaling $382K in 2024.
Where does The Next Edison operate?
The Next Edison has awarded grants in Arizona, California, Minnesota, Oklahoma, Oregon, Wisconsin.
What size grants does The Next Edison award?
In 2024, The Next Edison awarded 8 grants totaling $382K — an average of about $48K per grant, based on its IRS Form 990 filings.
How much is The Next Edison required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Next Edison reported a distributable amount of $130K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Next Edison's EIN?
The Next Edison's EIN (Employer Identification Number) is 82-6422405. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Next Edison's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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