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Next Generation Foundation is a private corporation based in LANCASTER, PA. The foundation received its IRS ruling in 2005. The principal officer is % Robert M Krasne. It holds total assets of $3M. Annual income is reported at $3.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Next Generation Foundation has made 10 grants totaling $340K, with a median grant of $25K. The foundation has distributed between $95K and $145K annually from 2020 to 2022. Grantmaking activity was highest in 2021 with $145K distributed across 4 grants. Individual grants have ranged from $5K to $75K, with an average award of $34K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in District of Columbia and Pennsylvania and Massachusetts. Contributions to this foundation are tax-deductible.
Next Generation Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in DC, PA, MA.
Next Generation Foundation has distributed a total of $340K across 10 grants. The median grant size is $25K, with an average of $34K. Individual grants have ranged from $5K to $75K.
Next Generation Foundation typically selects its grantees rather than accepting unsolicited proposals.
Next Generation Foundation is headquartered in LANCASTER, PA. While based in PA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert M Krasne | DIRECTOR | $0 | $0 | $0 |
| Hale A Krasne | DIRECTOR | $0 | $0 | $0 |
| William J Krasne | DIRECTOR | $0 | $0 | $0 |
| Margaret D Krasne | DIRECTOR | $0 | $0 | $0 |
Total Giving
$175K
Total Assets
$2M
Fair Market Value
$3.3M
Net Worth
$2M
Grants Paid
$150K
Contributions
$190K
Net Investment Income
$374K
Distribution Amount
$141K
Total Grants
10
Total Giving
$340K
Average Grant
$34K
Median Grant
$25K
Unique Recipients
7
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Campaign Legal CenterGENERAL PURPOSE | Washington, DC | $50K | 2022 |
| Lancaster Farmland TrustGENERAL PURPOSE | Strasburg, PA | $25K | 2021 |
| Clean Air Task ForceGENERAL PURPOSE | Boston, MA | $25K | 2021 |
| Franklin And Marshall CollegeGENERAL PURPOSE | Lancaster, PA | $20K | 2021 |
| Campaign For Legal CenterGENERAL PURPOSE | Washington, DC | $75K | 2020 |
Other foundations that have funded Next Generation Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Chipotle Cultivate Foundation | $30K | 2023 | SCHOLARSHIP AND GRANT SUPPORT |
| Chen-Lin Education & Culture Foundation Inc. | $7K | 2023 | CHARITABLE |
| Chipotle Cultivate Foundation | $30K | 2022 | GENERAL SUPPORT |
| Arthur W Perdue Foundation Inc. | $25K | 2022 | Niman Ranch Gilt Grant Program |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Naacp Legal Defense & Education FundGENERAL PURPOSE | Washington, DC | $10K | 2020 |
| Rights Behind BarsGENERAL PURPOSE | Washington, DC | $5K | 2020 |
| Arthur W Perdue Foundation Inc. |
| $25K |
| 2022 |
| Niman Ranch Gilt Grant Program |
| Mertz Gilmore Foundation | $20K | 2022 | STEP YA GAME UP |
| Mertz Gilmore Foundation | $20K | 2022 | STEP YA GAME UP |
| Wold Foundation | $1K | 2022 | SCHOLARSHIP FUND |
| Usinger Foundation Inc. | $1K | 2022 | EDUCATIONAL |
| Usinger Foundation Inc. | $1K | 2022 | EDUCATIONAL |
| Wold Foundation | $1K | 2022 | SCHOLARSHIP FUND |
| Raymond Debbane Family Foundation | $50K | 2021 | TO PROVIDE SCHOLARSHIPS TO LEBANESE HIGH SCHOOL STUDENTS |
| Mcdermott Family Foundation | $4K | 2021 | GENERAL SUPPORT |
| Raymond Debbane Family Foundation | $50K | 2020 | TO PROVIDE SCHOLARSHIPS TO LEBANESE HIGH SCHOOL STUDENTS |
| Arthur W Perdue Foundation Inc. | $2K | 2020 | to support Firefighters |
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