The Vermont State Capitol

Form 990-PFTax year 2024EIN 27-2993973

Generation Fund Inc

A private foundation in Burlington, VT. Its return for tax year 2024 lists 4 grants and $5.9 million paid in grants.

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

6 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $5,859,986

    Grants listed
    4
    Assets, end of year
    $39,670,379
  • Tax year 2023

    $6,938,789

    Grants listed
    4
    Assets, end of year
    $41,670,767
  • Tax year 2022

    $2,519,018

    Grants listed
    2
    Assets, end of year
    $41,955,386
  • Tax year 2021

    $2,579,685

    Grants listed
    4
    Assets, end of year
    $55,569,141
  • Tax year 2020

    $1,275,000

    Grants listed
    2
    Assets, end of year
    $48,417,367
  • Tax year 2019

    $2,506,969

    Grants listed
    3
    Assets, end of year
    $42,067,586

Grants paid in 2024

4 grants, largest first

As listed on the return.

  1. Vanguard CharitableMalvern, PA

    Charitable (unrestricted)

    $1,633,360
  2. Fidelity Charitable Gift FundBoston, MA

    Charitable (unrestricted)

    $1,438,522
  3. National Philanthropic TrustConshohocken, PA

    Charitable (unrestricted)

    $1,398,800
  4. The Boston FoundationBoston, MA

    Charitable (unrestricted)

    $1,389,304

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Philanthropy and grantmaking3 grants $4,421,46475% of the total
  2. Community development1 grant $1,438,52225% of the total

By State

Grants to organizations with a US address, latest year.

  1. Massachusetts2 grants $3,022,664
  2. Ohio1 grant $1,438,522
  3. Pennsylvania1 grant $1,398,800

Officers, directors and trustees

5 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Austin Hart Co Dinse PCPRESIDENT Hours 2Pay $15,000
  • Wallace Tapia Co Dinse PCTREASURER Hours 3.5Pay $15,000
  • Peter Brown Co Dinse PCSECRETARY Hours 1Pay $15,000
  • E Russell Peach IV Co Dinse PCASSISTANT TREASURER - THRU 6/27/2024 Hours 1Pay $0
  • Meredith Murphy Co Dinse PCASSISTANT TREASURER - BEGAN 5/16/2024 Hours 1Pay $0

The return

More foundations

Similar foundations

Same main cause (philanthropy and grantmaking), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. Far Reach FoundationSouth Burlington, VT 3 grants Preselected only $2,651,272 giving
  2. The Link Family FoundationWarren, VT 1 grant Preselected only $1,932,860 giving
  3. Esther and Otto Seligmann Foundation IncCornwall, VT 8 grants Preselected only $1,669,305 giving
  4. Robina FoundationMinneapolis, MN 11 grants Preselected only $5,859,792 giving
  5. Weck Charitable TrustLas Vegas, NV 2 grants Preselected only $5,882,719 giving