The Generation Trust
- Assets
- $19.7m
- Revenue
- $1.3m
- Investments
- $10.3m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 11/1986
- Data as of
- 12/2022
- EIN
- 34-6850815
Organization Overview
The Generation Trust is located in Cincinnati, OH. The organization was established in 1986. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Trust 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 Trust generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $7.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Generation Trust has awarded 40 individual grants totaling $11,074,451. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING CHRISTIAN ORGANIZATIONS THROUGH GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fifth Third Bank N A Trustee | 1 | $56,590 | |
Carolyn Beckett Executive Dir | 40 | $60,000 | |
John D Beckett Advisor | 1 | $0 | |
Wendy Beckett Advisor | 1 | $0 | |
Kevin Beckett Advisor | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $346,316 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $857,925 |
| Capital Gain Net Income | $857,925 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,937 |
| Total Revenue | $1,281,178 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $116,590 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,877 |
| Total operating and administrative expenses | $182,735 |
| Contributions, gifts, grants paid | $7,683,254 |
| Total expenses and disbursements | $7,865,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,242 |
| Savings and temporary cash investments | $5,149,084 |
| 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 | $6,300,623 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,159,632 |
| Total assets | $19,679,122 |
| 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, The Generation Trust has awarded $7,683,254 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES SIMPSON MINISTRIES PURPOSE: RELIGIOUS | $15,000 |
FORSAMLINGEN BETEL PURPOSE: EDUCATION | $85,000 |
EDITORIAL CLIE PURPOSE: EDUCATION | $15,000 |
IN HIS STEPS FOUNDATION PURPOSE: PROGRAM/PROJECT SUPPORT | $6,968,254 |
NATIONAL CHRISTIAN CHARITABLE FOUNDATION PURPOSE: GENERAL | $600,000 |