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The Next Edison is a private trust based in LONG LAKE, MN. The foundation received its IRS ruling in 2018. The principal officer is % Lori L Meehan. It holds total assets of $3M. Annual income is reported at $511K. The foundation operates in the area of philanthropy & grantmaking. According to available records, The Next Edison has made 29 grants totaling $829K, with a median grant of $5K. Annual giving has grown from $195K in 2021 to $252K in 2023. Grantmaking activity was highest in 2022 with $381K distributed across 8 grants. Individual grants have ranged from $87 to $170K, with an average award of $29K. The foundation has supported 19 unique organizations. The foundation primarily supports organizations in Minnesota, Arizona, Oregon, which account for 97% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
The Next Edison primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 29 grants. Its grantmaking reaches organizations primarily in MN, AZ, OR.
The Next Edison has distributed a total of $829K across 29 grants. The median grant size is $5K, with an average of $29K. Individual grants have ranged from $87 to $170K.
THE FOUNDATION EMPHASIZES GRANTMAKING IN THE FOLLOWING AREAS: FOOD AND SHELTER, EDUCATIONAL OPPORTUNITY, YOUTH DEVELOPMENT, COMMUNITY DEVELOPMENT, COMMUNITY-WIDE DISASTER RELIEF, INDIVIDUAL ECONOMIC RELIEF, AND INDIVIDUALS CARRYING ON ANY PURPOSE WHICH IS DESCRIBED IN SECTION 170(C)(2)(B) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.
The Next Edison is headquartered in LONG LAKE, MN. While based in MN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Andrew M O'Brien | TRUSTEE | $0 | $0 | $0 |
| Lori L Meehan | TRUSTEE | $0 | $0 | $0 |
Total Giving
$286K
Total Assets
$3.3M
Fair Market Value
$3.1M
Net Worth
$3.3M
Grants Paid
$252K
Contributions
$0
Net Investment Income
$28K
Distribution Amount
$141K
Total: $2.5M
Total Grants
29
Total Giving
$829K
Average Grant
$29K
Median Grant
$5K
Unique Recipients
19
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of MinnesotaSCHOLARSHIP/TUITION | Minneapolis, MN | $15K | 2023 |
| Notre Dame AcademySCHOLARSHIP/TUITION | Minnetonka, MN | $1K | 2021 |
| Susan DevineEMERGENCY SUPPORT - UTILITIES | Waconia, MN | $300 | 2021 |
| Univ Of Mn FoundationSCHOLARSHIP/TUITION | Minneapolis, MN | $170K | 2023 |
Other foundations that have funded The Next Edison.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Granite Foundation | $25K | 2022 | DOINATION |
| 2018 | 990PF | View |
| Highland Catholic SchoolSCHOLARSHIPS/TUITION |
| St Paul, MN |
| $25K |
| 2023 |
| Arizona State UniversitySCHOLARSHIP/TUITION | Tempe, AZ | $20K | 2023 |
| Wolf Ridge Env Learning CtrCHARITABLE DONATION | Finland, MN | $10K | 2023 |
| Saint Paul SeminarySCHOLARSHIP/TUITION | St Paul, MN | $5K | 2023 |
| St John'S Catholic ChurchCHARITABLE DONATION | Grand Marais, MN | $4K | 2023 |
| Olivia HospitalEMERGENCY SUPPORT - MEDICAL | Olivia, MN | $2K | 2023 |
| Can Do CaninesCHARITABLE DONATION | New Hope, MN | $1K | 2023 |
| Isidra HernandezEMERGENCY SUPPORT - HOUSING | Minneapolis, MN | $5K | 2022 |
| Josette RepkeEMERGENCY SUPPORT - MEDICAL | Plymouth, MN | $508 | 2022 |
| Catholic Services AppealOPERTATIONAL SUPPORT | Plymouth, MN | $14K | 2021 |
| Metropolitan State UniversitySCHOLARSHIP/TUITION | St Paul, MN | $4K | 2021 |
| Oregon St UniversitySCHOLARSHIP/TUITION | Corvallis, OR | $4K | 2021 |
| Lumen ChristiOPERTATIONAL SUPPORT | St Paul, MN | $2K | 2021 |
| Kenneth MeridethSCHOLARSHIP/TUITION | Eureka, CA | $425 | 2021 |
| City Of PlymouthEMERGENCY SUPPORT - UTILITIES | Playmouth, MN | $87 | 2021 |
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