Generation Fund Inc. primarily channels large, unrestricted gifts into philanthropic intermediaries—especially national donor-advised funds and a major regional community foundation—rather than funding operating charities directly. Its pattern indicates the foundation operates as a funding vehicle for donor-directed giving, with a preference for flexibility (unrestricted gifts) and partnering with established grantmaking platforms.
Highly concentrated: few (9) grants totaling large amounts, primarily to a small set of intermediary recipients; repeat, multi-grant support to the same DAFs and one community foundation, indicating use as a donor-advised/pass-through vehicle rather than diversified direct-program grantmaking.
Generation Fund Inc C/o Dinse Pc’s recent grantmaking is marked by large, unrestricted transfers to philanthropic intermediaries rather than direct operating support to charities. The biggest grant in the file is $2,718,354 to Vanguard Charitable in 2024, and the foundation also made repeated seven-figure gifts to Fidelity Charitable Gift Fund, National Philanthropic Trust, and The Boston Foundation. That pattern points to donor-directed, flexible capital moving through established grantmaking platforms. The foundation’s recent record shows scale as well as repetition. In 2025, it gave $1,633,360 to Vanguard Charitable, $1,438,522 to Fidelity Charitable Gift Fund, $1,398,800 to National Philanthropic Trust, and $1,389,304 to The Boston Foundation, all labeled charitable and unrestricted. Earlier grants in 2023 and 2024 reached the same intermediary set, including another seven-figure transfer to Fidelity Charitable Gift Fund and multiple gifts to Vanguard Charitable and The Boston Foundation. Across these awards, the grantee names and purposes remain consistent: unrestricted charitable support routed through donor-advised funds and a community foundation.
A defining feature of Generation Fund Inc C/o Dinse Pc is its use of donor-advised funds and a community foundation as the main recipients of its charitable capital. The 2025 grants to Vanguard Charitable, Fidelity Charitable Gift Fund, National Philanthropic Trust, and The Boston Foundation were all designated charitable and unrestricted, showing a preference for flexible grantmaking platforms. The funder also returns to the same intermediary partners across years. Fidelity Charitable Gift Fund received grants in 2023, 2024, and 2025, while Vanguard Charitable appears in 2023, 2024, and 2025 as well. National Philanthropic Trust and The Boston Foundation each received multiple grants in the recent file, including seven-figure awards in 2024 and 2025. The result is a pattern centered on cross-sector, general charitable support rather than a single issue area.
Generation Fund Inc C/o Dinse Pc gives at a high dollar level. Its recent grant-size range centers on seven-figure awards, with p25 at $1,025,000, a median of $1,597,718, and p75 at $2,206,690. The largest recent grant was $2,718,354, and even the smaller listed gifts remain substantial. The record also shows repeat relationships rather than one-off transactions. Fidelity Charitable Gift Fund, Vanguard Charitable, National Philanthropic Trust, and The Boston Foundation all appear across multiple years in the recent grants file. The grants are structured as charitable and unrestricted, and the foundation does not fund individuals or make program-related investments.
$5.9M
$39.7M
$2M
$6.2M
Most grants fall between $1M and $2.2M, with a median of $1.6M.
25th Percentile
$1M
Median
$1.6M
75th Percentile
$2.2M
About 0% of grants go to recipients in OH.
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Notable grantees: Fidelity Charitable Gift Fund, Vanguard Charitable, National Philanthropic Trust, The Boston Foundation
All of the recent grants in the file went to recipients in the United States. The most frequent recipient city is Cincinnati, Ohio, through Fidelity Charitable Gift Fund, while Boston, Massachusetts appears repeatedly through Vanguard Charitable and The Boston Foundation. Jenkintown, Pennsylvania also appears through National Philanthropic Trust. Although the foundation’s headquarters is in Burlington, Vermont, none of the listed grants went to Vermont recipients.
It primarily supports philanthropic intermediaries rather than operating charities directly. The recent grants list includes Fidelity Charitable Gift Fund, Vanguard Charitable, National Philanthropic Trust, and The Boston Foundation, all receiving charitable unrestricted gifts.
The foundation’s recent grants are large: the p25 is $1,025,000, the median is $1,597,718, and the p75 is $2,206,690. The largest listed grant is $2,718,354.
No. The recipient country distribution in the recent grants file is entirely U.S.-based, with 10 grants and 100% in the United States.
The recent file shows recurring relationships. Fidelity Charitable Gift Fund and Vanguard Charitable each appear in 2023, 2024, and 2025, while National Philanthropic Trust and The Boston Foundation each receive multiple grants across the period.
No. The foundation’s profile indicates funds individuals is false and makes program-related investments is false, and the recent grants are structured as charitable unrestricted gifts.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| VANGUARD CHARITABLE | BOSTON, MA | $1,633,360 | 2025 | CHARITABLE (UNRESTRICTED) |
| FIDELITY CHARITABLE GIFT FUND | CINCINNATI, OH | $1,438,522 | 2025 | CHARITABLE (UNRESTRICTED) |
| NATIONAL PHILANTHROPIC TRUST | JENKINTOWN, PA | $1,398,800 | 2025 | CHARITABLE (UNRESTRICTED) |
| THE BOSTON FOUNDATION | BOSTON, MA | $1,389,304 | 2025 | CHARITABLE (UNRESTRICTED) |
| VANGUARD CHARITABLE | BOSTON, MA | $2,718,354 | 2024 | CHARITABLE (UNRESTRICTED) |
| FIDELITY CHARITABLE GIFT FUND | CINCINNATI, OH | $2,170,435 | 2024 | CHARITABLE (UNRESTRICTED) |
| NATIONAL PHILANTHROPIC TRUST | JENKINTOWN, PA | $1,025,000 | 2024 | CHARITABLE (UNRESTRICTED) |
| THE BOSTON FOUNDATION | BOSTON, MA | $1,025,000 | 2024 | CHARITABLE (UNRESTRICTED) |
| FIDELITY CHARITABLE GIFT FUND | CINCINNATI, OH | $2,218,775 | 2023 | CHARITABLE (UNRESTRICTED) |
| VANGUARD CHARITABLE | BOSTON, MA | $300,243 | 2023 | CHARITABLE (UNRESTRICTED) |
VANGUARD CHARITABLE
$1,633,360CHARITABLE (UNRESTRICTED)
FIDELITY CHARITABLE GIFT FUND
$1,438,522CHARITABLE (UNRESTRICTED)
NATIONAL PHILANTHROPIC TRUST
$1,398,800CHARITABLE (UNRESTRICTED)
THE BOSTON FOUNDATION
$1,389,304CHARITABLE (UNRESTRICTED)
VANGUARD CHARITABLE
$2,718,354CHARITABLE (UNRESTRICTED)
FIDELITY CHARITABLE GIFT FUND
$2,170,435CHARITABLE (UNRESTRICTED)
NATIONAL PHILANTHROPIC TRUST
$1,025,000CHARITABLE (UNRESTRICTED)
THE BOSTON FOUNDATION
$1,025,000CHARITABLE (UNRESTRICTED)
FIDELITY CHARITABLE GIFT FUND
$2,218,775CHARITABLE (UNRESTRICTED)
VANGUARD CHARITABLE
$300,243CHARITABLE (UNRESTRICTED)