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.
Key facts about The Next Generation Foundation
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.
- EIN
- 14-1915624
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $225,000
- Grants made (2024)
- 4
- Average grant
- $56,250
- Median grant
- $50,000
- Total assets
- $2,974,092
- Primary geography
- District of Columbia (56% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
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
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2024 grant dollars.
Cities
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
| 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 |
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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?
The Next Generation Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Lancaster, PA. It holds $3.0M in total assets as of 2024.
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.
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