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
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.
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
Among its reported 2024 grants, the largest include Campaign Legal Center ($75,000), Propublica ($50,000), Reproductive Freedom for All ($50,000).
| 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 |
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
Frequently Asked Questions
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.
How large is The Next Generation Foundation?
As of 2024, The Next Generation Foundation holds $3.0M in total assets with $1.1M in annual revenue. It awarded 4 grants totaling $225K in 2024.
Where does The Next Generation Foundation operate?
The Next Generation Foundation has awarded grants in District of Columbia, Massachusetts, New York, Pennsylvania.
What size grants does The Next Generation Foundation award?
In 2024, The Next Generation Foundation awarded 4 grants totaling $225K — an average of about $56K per grant, based on its IRS Form 990 filings.
How much is The Next Generation Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Next Generation Foundation reported a distributable amount of $152K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Next Generation Foundation'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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