Generation Fund Inc
- Assets
- $42.0m
- Revenue
- $1.7m
- Investments
- $41.4m
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-2993973
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 12/2022, Generation Fund Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Generation Fund Inc has awarded 11 individual grants totaling $8,880,672. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Hart Co Dinse Pc President | 2 | $15,000 | |
Wallace Tapia Co Dinse Pc Treasurer | 2.5 | $15,000 | |
Peter Brown Co Dinse Pc Secretary | 1 | $15,000 | |
E Russell Peach IV Co Dinse Pc Assistant Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,964 |
| Dividends & Interest | $343,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,362,126 |
| Capital Gain Net Income | $1,362,126 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,716 |
| Total Revenue | $1,727,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $350 |
| Taxes | $70,460 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $118,323 |
| Total operating and administrative expenses | $406,832 |
| Contributions, gifts, grants paid | $2,519,018 |
| Total expenses and disbursements | $2,925,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $511,005 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,656,108 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,955,386 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Generation Fund Inc has awarded $2,519,018 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE GIFT FUND PURPOSE: CHARITABLE (UNRESTRICTED) | $2,218,775 |
VANGUARD CHARITABLE PURPOSE: CHARITABLE (UNRESTRICTED) | $300,243 |