The Next Generation Foundation
The Next Generation Foundation is a private foundation, 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.
The Next Generation Foundation at a glance
In short: The Next Generation Foundation gave $225K across 4 grants in 2024 (avg $56K), mostly in District of Columbia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $225,000
- +50.0% vs 2023
- Grants made (2024)
- 4
- +300.0% vs 2023
- Average grant
- $56,250
- -62.5% vs 2023
- Median grant
- $50,000
- Total assets
- $2,974,092
- +51.6% vs 2023
- Primary geography
- District of Columbia (56% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Next Generation Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Campaign Legal Center ($75K). Together the top 4 received $225K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was in the $50–100K range: 7 grants of 14 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How The Next Generation Foundation gives
- Giving grew 55% from 2021 to 2024. Method
- In 2024 it paid out 148% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $50K (2022) to $225K (2024). In 2024 it made 4 grants totaling $225K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Campaign Legal Center Washington, DC | Support Organization's Mission | $75,000 |
| Propublica New York, NY | Support Organization's Mission | $50,000 |
| Reproductive Freedom for All Washington, DC | Support Organization's Mission | $50,000 |
| Lancaster History Lancaster, PA | Support Organization's Mission | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,974,092 | $1,086,632 | $243,700 | $225,000 | 4 | $225,000 | $1,074,371 | $152,376 |
| 2023 | $1,961,966 | $586,336 | $175,295 | $150,000 | 1 | $150,000 | $374,239 | $140,919 |
| 2022 | $1,764,777 | $768,828 | $68,184 | $50,000 | 1 | $50,000 | $512,177 | $137,505 |
| 2021 | $1,399,227 | $815,659 | $166,545 | $145,000 | 4 | $145,000 | $192,528 | $141,109 |
| 2020 | $1,210,478 | $446,726 | $105,367 | $95,000 | 4 | — | $333,598 | $82,116 |
Under IRS private-foundation payout rules, The Next Generation Foundation reported a distributable amount of $152K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Next Generation Foundation's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Hale A. Krasne
Director
On filings since 2020
1 hr/week
No compensation reported
Margaret D. Krasne
Director
On filings since 2020
1 hr/week
No compensation reported
Robert M. Krasne
Director
On filings since 2020
1 hr/week
No compensation reported
William J. Krasne
Director
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about The Next Generation Foundation
How much does The Next Generation Foundation give each year?
The Next Generation Foundation gave $225K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $150K across 1 grant.
What is The Next Generation Foundation's typical grant size?
The Next Generation Foundation's median grant in 2024 was $50,000, and its average grant was $56,250, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Next Generation Foundation give grants?
The Next Generation Foundation gives mostly in District of Columbia: 56% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (22%) and Pennsylvania (22%). The most frequent recipient cities were Washington, DC (2 grants).
Does The Next Generation Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on The Next Generation Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support Organization's Mission" (4 grants).
How large is The Next Generation Foundation?
The Next Generation Foundation reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $225K in qualifying distributions that year, against a required minimum of $152K (roughly 5% of its investment assets).
What is The Next Generation Foundation's EIN?
The Next Generation Foundation's EIN (Employer Identification Number) is 14-1915624. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Next Generation Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in The Next Generation Foundation's focus areas in our free grants database
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