BURLINGTON, VT

Generation Fund Inc.

Quick Facts

EIN: 272993973
Location: BURLINGTON, VT
Category: Philanthropy & Grantmaking
Total Assets: $39.7M
Annual Income: $6.3M
IRS Ruling Year: 2010
Organization Type: Corporation
Principal Officer: % Dinse Knapp & Mcandrew
Tax Deductibility: Contributions are deductible

About This Foundation

Generation Fund Inc. is a private corporation based in BURLINGTON, VT. The foundation received its IRS ruling in 2010. The principal officer is % Dinse Knapp & Mcandrew. It holds total assets of $39.7M. Annual income is reported at $6.3M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

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Financial Overview

Total Giving

$7.3M

2023+149%

Total Assets

$41.7M

2023-1%

Fair Market Value

$41.7M

2023

Net Worth

$41.7M

2023

Grants Paid

$6.9M

2023

Contributions

2023

Net Investment Income

$763K

2023

Distribution Amount

$2.1M

2023

Total Giving by Year

$581K

$488K

$956K

$2.4M

$2M

$2.9M

$1.7M

$3.1M

$2.9M

$7.3M

Asset Growth

$27.4M

$30.6M

$36.9M

$36M

$33.5M

$42.1M

$48.4M

$55.6M

$42M

$41.7M

Investment Portfolio (2023)

Total: $5.5M

Corporate Stock: $5.5M

Other Investments: $35.5M

Corporate Stock (13%)

Other Investments (87%)

Expense Breakdown (2023)

Grants Paid$6.9M

Officer Compensation$45K

Legal Fees$33K

Accounting Fees$20K

Travel & Conferences$6K

Interest$150

Revenue Sources (2023)

Capital Gains (Net): $561K
Dividends: $374K
Interest: $52K
Other Income: $42K

Financial Details (2023)

Total Revenue: $1M
Total Expenses: $7.3M
Exempt Purpose Expenses: $7M
Required Distribution: $2.1M
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $11K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

Total Giving

$10.8M

Average Grant

$1.1M

Median Grant

$963K

Total Giving by Year

$1.3M (2 grants)

$2.6M (4 grants)

$6.9M (4 grants)

Grant Range

Min$200K

Max$2.7M

Median: $963K

Smallest grantLargest grant

Openness to New Grantees (2023)

50%

of 2023 grantees were first-time recipients

Geographic Distribution of Grants

MA: $4.6M (4)

OH: $5.2M (5)

PA: $1M (1)

OH$5.2M (5)

MA$4.6M (4)

PA$1M (1)

Past Grantees

Recipient	Location	Amount	Year
Vanguard CharitableCHARITABLE (UNRESTRICTED)	Boston, MA	$2.7M	2023
Fidelity Charitable Gift FundCHARITABLE (UNRESTRICTED)	Cincinnati, OH	$2.2M	2023
National Philanthropic TrustCHARITABLE (UNRESTRICTED)	Jenkintown, PA	$1M	2023
The Boston FoundationCHARITABLE (UNRESTRICTED)	Boston, MA	$1M	2023
Fidelity Charitable Gift FundCHARITABLE (UNRESTRICTED)	Cincinnati, OH	$900K	2021
Fidelity Charitable Gift FundCHARITABLE (UNRESTRICTED) (SEE STATEMENT 15)	Cincinnati, OH	$780K	2021
Vanguard CharitableCHARITABLE (UNRESTRICTED)	Boston, MA	$650K	2021
Fidelity Charitable Gift FundCHARITABLE (UNRESTRICTED)	Cincinnati, OH	$250K	2021
Fidelity Charitable Gift FundCHARITABLE (UNRESTRICTED)	Cincinnati, OH	$1.1M	2020
Vanguard CharitableCHARITABLE (UNRESTRICTED)	Boston, MA	$200K	2020