Generation Fund Inc

Organization Overview

Generation Fund Inc is located in Burlington, VT. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generation Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Generation Fund Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $1.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $2,495
Dividends & Interest $317,248
Net Rental Income$0
Net Gain on Sale of Assets $2,512,955
Capital Gain Net Income $2,512,955
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $33,429
Total Revenue $2,866,127

Grants Awarded

Over the last fiscal year, Generation Fund Inc has awarded $2,579,685 in support to 4 organizations.

Grant RecipientAmount

FIDELITY CHARITABLE GIFT FUND

PURPOSE: CHARITABLE (UNRESTRICTED)

$900,000

FIDELITY CHARITABLE GIFT FUND

PURPOSE: CHARITABLE (UNRESTRICTED) (SEE STATEMENT 15)

$779,685

VANGUARD CHARITABLE

PURPOSE: CHARITABLE (UNRESTRICTED)

$650,000

FIDELITY CHARITABLE GIFT FUND

PURPOSE: CHARITABLE (UNRESTRICTED)

$250,000
View Grant Profile

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