The Next Generation Foundation
The Next Generation Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LANCASTER, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 4 grants totaling $225K. Net investment income was $1.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
+51.6% YoY
Annual Giving
$225K
+50.0% YoY
Grant Count
4
+300.0% YoY
Avg Grant Size
$56K
-62.5% YoY
About The Next Generation Foundation
Based on IRS filings
The Next Generation Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LANCASTER, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 4 grants totaling $225K. Net investment income was $1.1M.
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 | $2,974,092 | $1,961,966 | $1,764,777 |
| Revenue | $1,086,632 | $586,336 | $768,828 |
| Expenses | $243,700 | $175,295 | $68,184 |
| Qualifying Distributions | $225,000 | $150,000 | $50,000 |
| Net Investment Income | $1,074,371 | $374,239 | $512,177 |
| Distributable Amount | $152,376 | $140,919 | $137,505 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
14 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 |
|---|---|---|---|
| ROBERT M KRASNE | DIRECTOR | 1 | — |
| HALE A KRASNE | DIRECTOR | 1 | — |
| WILLIAM J KRASNE | DIRECTOR | 1 | — |
| MARGARET D KRASNE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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