The Next Generation Foundation
The Next Generation Foundation is a private foundation, based in Lancaster, PA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.9M in total assets. In 2025, it awarded 6 grants totaling $190K. Net investment income was $190K.
The Next Generation Foundation at a glance
In short: The Next Generation Foundation gave $190K across 6 grants in 2025 (avg $32K), top state District of Columbia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $190,000
- -15.6% vs 2024
- Grants made (2025)
- 6
- +50.0% vs 2024
- Average grant
- $31,667
- -43.7% vs 2024
- Median grant
- $37,500
- Total assets
- $2,946,869
- -0.9% vs 2024
- Primary geography
- District of Columbia (32% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who The Next Generation Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Campaign Legal Center ($50K). Together the top 6 received $190K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was in the $50–100K range: 9 grants of 16 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How The Next Generation Foundation gives
- Giving grew 280% from 2022 to 2025. Method
- In 2025 it paid out 107% 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 2019 to 2025, annual grant giving ranged from $50K (2022) to $225K (2024). In 2025 it made 6 grants totaling $190K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Campaign Legal Center Washington, DC | Support Organization's Mission | $50,000 |
| Propublica New York, NY | Support Organization's Mission | $50,000 |
| Franklin & Marshall College Lancaster, PA | Support Organization's Mission | $50,000 |
| The Film Collaborative Inc Los Angeles, CA | Support Organization's Mission | $25,000 |
| Institute for Democracy Journalism & Citizenship Washington, DC | Support Organization's Mission | $10,000 |
| Franklin & Marshall College DBA Chesapeake Watershed Initiative Lancaster, PA | Support Organization's Mission | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,946,869 | $205,261 | $232,484 | $190,000 | 6 | $190,000 | $189,763 | $177,782 |
| 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 |
| 2019 | $938,157 | $568,589 | $112,483 | $100,000 | 6 | — | $146,846 | $66,393 |
Under IRS private-foundation payout rules, The Next Generation Foundation reported a distributable amount of $178K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Next Generation Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Hale A. Krasne
Director
On filings since 2019
1 hr/week
No compensation reported
Margaret D. Krasne
Director
On filings since 2019
1 hr/week
No compensation reported
Robert M. Krasne
Director
On filings since 2019
1 hr/week
No compensation reported
William J. Krasne
Director
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 $190K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $225K across 4 grants.
What is The Next Generation Foundation's typical grant size?
The Next Generation Foundation's median grant in 2025 was $37,500, and its average grant was $31,667, across 6 grants on its 2025 IRS Form 990-PF.
Where does The Next Generation Foundation give grants?
The Next Generation Foundation's top state is District of Columbia, with 32% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Pennsylvania (29%) and New York (26%). The most frequent recipient cities were Washington, DC (2 grants) and Lancaster, PA (2 grants).
Does The Next Generation Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on The Next Generation Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support Organization's Mission" (6 grants).
Who are The Next Generation Foundation's largest grantees?
The Next Generation Foundation's largest 2025 grantees include Campaign Legal Center ($50,000), Propublica ($50,000) and Franklin & Marshall College ($50,000), according to its 2025 IRS Form 990-PF. Together they received 79% of its itemized 2025 grant dollars.
How large is The Next Generation Foundation?
The Next Generation Foundation reported $2.9M in total assets on its 2025 IRS Form 990-PF. It paid out $190K in qualifying distributions that year, against a required minimum of $178K (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 2019–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 1, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 2, 2026)
- 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.
Explore Open Grants
Browse active grant opportunities in The Next Generation Foundation's focus areas in our free grants database
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