Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
GENERATION FUND INC
C/O DINSE PC
Number and street (or P.O. box number if mail is not delivered to street address)209 BATTERY STREET PO BOX 988
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BURLINGTON, VT05402
A Employer identification number

27-2993973
B Telephone number (see instructions)

(802) 864-5751
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$41,955,386J Accounting method:
modified cash
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 9,964 9,964  
4 Dividends and interest from securities... 343,945 343,904  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,362,126
b Gross sales price for all assets on line 6a 5,679,718
7 Capital gain net income (from Part IV, line 2)... 1,362,126
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,716 10,656  
12 Total. Add lines 1 through 11........ 1,727,751 1,726,650  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 45,000 13,500   31,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
4,472 0   4,472
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,915 2,250   17,165
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
147,312 147,312   0
17 Interest............... 350 309   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
70,460 8,029   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
118,323 116,729   1,573
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 406,832 288,129   54,710
25 Contributions, gifts, grants paid....... 2,519,018 2,519,018
26 Total expenses and disbursements. Add lines 24 and 25 2,925,850 288,129   2,573,728
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,198,099
b Net investment income (if negative, enter -0-) 1,438,521
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 665,454 511,005 511,005
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 9,002,132 Click to see attachment
List of Attached Documents:
// Content
5,788,273 		5,788,273
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 45,897,250 Click to see attachment
List of Attached Documents:
// Content
35,656,108 		35,656,108
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,305 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 55,569,141 41,955,386 41,955,386
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 55,569,141 41,955,386
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 55,569,141 41,955,386
30 Total liabilities and net assets/fund balances (see instructions). 55,569,141 41,955,386
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
55,569,141
2
Enter amount from Part I, line 27a .....................
2
-1,198,099
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
354,860
4
Add lines 1, 2, and 3 ..........................
4
54,725,902
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
12,770,516
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
41,955,386
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SALE OF PUBLICLY TRADED SECURITIES P    
b 1,519.72 SH. GENERATION IM GLOBAL EQUITY A SHARES D    
c THROUGH JMF LIQUIDATING CO. LLC K-1 D    
d THROUGH LEGACY VENTURE IX, LLC K-1 P    
e THROUGH HIGHCLERE INT'L K-1 D    
THROUGH LEGACY VENTURE XI, LLC K-1 P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,285,171   4,013,189 271,982
b 1,000,000   324,387 675,613
c       -5,539
d       49,655
e       -24,985
      853
394,547     394,547
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       271,982
b       675,613
c       -5,539
d       49,655
e       -24,985
      853
      394,547
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,362,126
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 19,995
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 19,995
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 19,995
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 30,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 30,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 10,005
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow10,005 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowVT
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowE RUSSELL PEACH IV CO DKM PC Telephone no.right arrow (617) 234-2515

Located atright arrow209 BATTERY ST PO BOX 988BURLINGTONVT ZIP+4right arrow05402
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
AUSTIN HART CO DINSE PC PRESIDENT
2.00 		15,000 0 0
209 BATTERY ST PO BOX 988
BURLINGTON,VT05402
WALLACE TAPIA CO DINSE PC TREASURER
2.50 		15,000 0 0
209 BATTERY ST PO BOX 988
BURLINGTON,VT05402
PETER BROWN CO DINSE PC SECRETARY
1.00 		15,000 0 0
209 BATTERY ST PO BOX 988
BURLINGTON,VT05402
E RUSSELL PEACH IV CO DINSE PC ASSISTANT TREASURER
1.00 		0 0 0
209 BATTERY ST PO BOX 988
BURLINGTON,VT05402
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
PATHSTONE INVESTMENT MANAGEMENT 51,875
24 FEDERAL ST 8TH FL
BOSTON,MA02110
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
30,912,730
b
Average of monthly cash balances.......................
1b
890,015
c
Fair market value of all other assets (see instructions)................
1c
16,011,647
d
Total (add lines 1a, b, and c).........................
1d
47,814,392
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
47,814,392
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
717,216
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
47,097,176
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,354,859
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,354,859
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
19,995
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
19,995
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,334,864
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,334,864
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,334,864
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,573,728
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,573,728
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 2,334,864
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021...... 18,063
f Total of lines 3a through e ........ 18,063
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 2,573,728
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 2,334,864
e Remaining amount distributed out of corpus 238,864
5 Excess distributions carryover applied to 2022. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 256,927
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		256,927
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021.... 18,063
e Excess from 2022.... 238,864
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

FIDELITY CHARITABLE GIFT FUND

BOX 77001
CINCINNATI,OH45277 		N/A PC CHARITABLE (UNRESTRICTED) 2,218,775

VANGUARD CHARITABLE

PO BOX 55766
BOSTON,MA02205 		N/A PC CHARITABLE (UNRESTRICTED) 300,243
Total .................................right arrow 3a 2,519,018
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 9,964  
4 Dividends and interest from securities .... 901101 41 14 343,904  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 14,862  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,362,126  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aORDINARY LOSS THROUGH K-1S 		    01 -3,146  
bUNRELATED BUSINESS INCOME THROUGH K-1 901101 1,060 01 -1,060  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 1,101 1,726,650 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,727,751
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
GENERATION FUND INC
 
C/O DINSE PC
EIN:
27-2993973
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PKF O'CONNOR DAVIES, LLP - AUDIT AND TAX PREP 18,665 0   17,165
OTHER ACCOUNTING FEES 2,250 2,250   0

TY 2022 InvestmentsCorpStockSchedule
Name:
GENERATION FUND INC
 
C/O DINSE PC
EIN:
27-2993973
Name of Stock End of Year Book Value End of Year Fair Market Value
MERCK & CO INC 6,735.0000 SHARES 747,248 747,248
ORGANON & CO 673.0000 SHARES 18,797 18,797
ACCO BRANDS CORP 7,233.0000 SHARES 40,422 40,422
AMERICAN FINANCIAL GROUP INC/OH 320.0000 SHARES 43,930 43,930
AMERISAFE INC 530.0000 SHARES 27,544 27,544
ARCOSA INC 480.0000 SHARES 26,083 26,083
ATKORE INC 385.0000 SHARES 43,667 43,667
BARRETT BUSINESS SERVICES INC 550.0000 SHARES 51,304 51,304
BRAEMAR HOTELS & RESORTS INC 6,440.0000 SHARES 26,468 26,468
BUILDERS FIRSTSOURCE INC 430.0000 SHARES 27,898 27,898
COLUMBIA BANKING SYSTEM INC 2,200.0000 SHARES 66,286 66,286
COLUMBUS MCKINNON CORP/NY 1,630.0000 SHARES 52,926 52,926
COMMUNITY HEALTHCARE TRUST INC 1,330.0000 SHARES 47,614 47,614
COMPASS DIVERSIFIED HOLDINGS 2,950.0000 SHARES 53,779 53,779
CUBESMART 730.0000 SHARES 29,383 29,383
DANA INC 1,920.0000 SHARES 29,050 29,050
DELEK US HOLDINGS INC 1,400.0000 SHARES 37,800 37,800
DIAMONDROCK HOSPITALITY CO 3,480.0000 SHARES 28,501 28,501
DUCOMMUN INC 1,062.0000 SHARES 53,058 53,058
EASTGROUP PROPERTIES INC 210.0000 SHARES 31,093 31,093
G-III APPAREL GROUP LTD 2,230.0000 SHARES 30,573 30,573
GLOBUS MEDICAL INC 770.0000 SHARES 57,188 57,188
GREENBRIER COS INC/THE 1,271.0000 SHARES 42,617 42,617
GROUP 1 AUTOMOTIVE INC 200.0000 SHARES 36,074 36,074
HOSTESS BRANDS INC 1,260.0000 SHARES 28,274 28,274
INDEPENDENT BANK GROUP INC 960.0000 SHARES 57,677 57,677
INSTEEL INDUSTRIES INC 1,150.0000 SHARES 31,648 31,648
JOHN B SANFILIPPO & SON INC 340.0000 SHARES 27,649 27,649
KAISER ALUMINUM CORP 340.0000 SHARES 25,826 25,826
KOPPERS HOLDINGS INC 1,060.0000 SHARES 29,892 29,892
LANTHEUS HOLDINGS INC 680.0000 SHARES 34,653 34,653
MAGNOLIA OIL & GAS CORP 2,050.0000 SHARES 48,073 48,073
MALIBU BOATS INC CL A 460.0000 SHARES 24,518 24,518
MATERION CORP 400.0000 SHARES 35,004 35,004
MERCANTILE BANK CORP 1,720.0000 SHARES 57,586 57,586
MGP INGREDIENTS INC 220.0000 SHARES 23,404 23,404
MKS INSTRUMENTS INC 480.0000 SHARES 40,670 40,670
MODEL N INC 1,030.0000 SHARES 41,777 41,777
NATIONAL STORAGE AFFILIATES TRUST 740.0000 SHARES 26,729 26,729
NEXSTAR MEDIA GROUP INC COMMON STOCK 280.0000 SHARES 49,008 49,008
NOVANTA INC 130.0000 SHARES 17,663 17,663
NV5 GLOBAL INC 200.0000 SHARES 26,464 26,464
OMNICELL INC COM 340.0000 SHARES 17,143 17,143
ONTO INNOVATION INC 560.0000 SHARES 38,130 38,130
OXFORD INDUSTRIES INC 310.0000 SHARES 28,886 28,886
PACIFIC PREMIER BANCORP INC 1,073.0000 SHARES 33,864 33,864
PAR PACIFIC HOLDINGS INC 1,780.0000 SHARES 41,385 41,385
PATRICK INDUSTRIES INC 570.0000 SHARES 34,542 34,542
PDC ENERGY INC 580.0000 SHARES 36,818 36,818
PINNACLE FINANCIAL PARTNERS INC 780.0000 SHARES 57,252 57,252
REINSURANCE GROUP OF AMERICA INC 400.0000 SHARES 56,836 56,836
RELIANCE STEEL & ALUMINUM CO 240.0000 SHARES 48,586 48,586
RLJ LODGING TRUST 2,720.0000 SHARES 28,805 28,805
RUTH'S HOSPITALITY GROUP INC 1,870.0000 SHARES 28,948 28,948
SOUTHWEST GAS HOLDINGS INC 1,280.0000 SHARES 79,206 79,206
STAG INDUSTRIAL INC 940.0000 SHARES 30,371 30,371
STEVEN MADDEN LTD 940.0000 SHARES 30,042 30,042
STOCK YARDS BANCORP INC 380.0000 SHARES 24,692 24,692
SUPER MICRO COMPUTER INC 410.0000 SHARES 33,661 33,661
TAYLOR MORRISON HOME CORP 1,040.0000 SHARES 31,564 31,564
TILLY'S INC CL A 2,520.0000 SHARES 22,806 22,806
TRICO BANCSHARES 820.0000 SHARES 41,812 41,812
UMH PROPERTIES INC 1,680.0000 SHARES 27,048 27,048
UNITED COMMUNITY BANKS INC/GA 1,330.0000 SHARES 44,954 44,954
VERITEX HOLDINGS INC 1,970.0000 SHARES 55,318 55,318
WSFS FINANCIAL CORP 950.0000 SHARES 43,073 43,073
3D SYSTEMS CORP 2,790.0000 SHARES 20,646 20,646
ADVANCED ENERGY INDUSTRIES INC 470.0000 SHARES 40,317 40,317
AEROVIRONMENT INC 645.0000 SHARES 55,251 55,251
AMBARELLA INC 765.0000 SHARES 62,906 62,906
AMYRIS INC 4,460.0000 SHARES 6,824 6,824
ARRAY TECHNOLOGIES INC 1,650.0000 SHARES 31,895 31,895
ATARA BIOTHERAPEUTICS INC 960.0000 SHARES 3,149 3,149
BOYD GAMING CORP 2,070.0000 SHARES 112,877 112,877
CAE INC 1,600.0000 SHARES 30,944 30,944
CANADA GOOSE HOLDINGS INC 770.0000 SHARES 13,714 13,714
CANADIAN PACIFIC RAILWAY LTD 628.0000 SHARES 46,843 46,843
CARA THERAPEUTICS INC 1,590.0000 SHARES 17,077 17,077
CERENCE INC 750.0000 SHARES 13,898 13,898
COGNEX CORP 1,330.0000 SHARES 62,656 62,656
COHERENT CORP 1,636.0000 SHARES 57,424 57,424
COMMVAULT SYSTEMS INC 560.0000 SHARES 35,190 35,190
CYTOKINETICS INC 680.0000 SHARES 31,158 31,158
DIAMONDBACK ENERGY INC 110.0000 SHARES 15,046 15,046
DIGITAL REALTY TRUST INC 341.0000 SHARES 34,192 34,192
EDGIO INC 7,800.0000 SHARES 8,814 8,814
ESPERION THERAPEUTICS INC 680.0000 SHARES 4,236 4,236
EVOQUA WATER TECHNOLOGIES CORP 1,880.0000 SHARES 74,448 74,448
EW SCRIPPS CO/THE CL A 840.0000 SHARES 11,080 11,080
FARO TECHNOLOGIES INC 780.0000 SHARES 22,940 22,940
FIBROGEN INC 370.0000 SHARES 5,927 5,927
FORMFACTOR INC 1,310.0000 SHARES 29,121 29,121
GOLAR LNG LTD 2,870.0000 SHARES 65,407 65,407
HELMERICH & PAYNE INC 346.0000 SHARES 17,151 17,151
HEXCEL CORP NEW 546.0000 SHARES 32,132 32,132
IAC INC 390.0000 SHARES 17,316 17,316
ICHOR HOLDINGS LTD 1,000.0000 SHARES 26,820 26,820
IMMUNOGEN INC 2,760.0000 SHARES 13,690 13,690
INTERCEPT PHARMACEUTICALS INC 550.0000 SHARES 6,804 6,804
INTRA-CELLULAR THERAPIES INC 460.0000 SHARES 24,343 24,343
IONIS PHARMACEUTICALS INC 753.0000 SHARES 28,441 28,441
IRIDIUM COMMUNICATIONS INC 1,770.0000 SHARES 90,978 90,978
ITRON INC 600.0000 SHARES 30,390 30,390
LAM RESEARCH CORP 240.0000 SHARES 100,872 100,872
LAS VEGAS SANDS CORP 690.0000 SHARES 33,168 33,168
LEXICON PHARMACEUTICALS INC 4,640.0000 SHARES 8,862 8,862
LIBERTY SIRIUSXM GROUP 1,167.0000 SHARES 45,875 45,875
LUMENTUM HOLDINGS INC 1,060.0000 SHARES 55,300 55,300
MACROGENICS INC 780.0000 SHARES 5,234 5,234
MADISON SQUARE GARDEN ENTERTAINMENT CORP 1.0000 SHARES 45 45
MADISON SQUARE GARDEN SPORTS CORP CL A 320.0000 SHARES 58,666 58,666
MANCHESTER UNITED PLC CL A 2,050.0000 SHARES 47,827 47,827
MATCH GROUP INC 340.0000 SHARES 14,107 14,107
NLIGHT INC 3,300.0000 SHARES 33,462 33,462
ONESPAWORLD HOLDINGS LTD 5,050.0000 SHARES 47,117 47,117
PLUG POWER INC 3,737.0000 SHARES 46,227 46,227
PROTHENA CORP PLC 320.0000 SHARES 19,280 19,280
PTC THERAPEUTICS INC 415.0000 SHARES 15,841 15,841
QORVO INC 830.0000 SHARES 75,231 75,231
RAYMOND JAMES FINANCIAL INC 607.0000 SHARES 64,858 64,858
REGENERON PHARMACEUTICALS INC 102.0000 SHARES 73,592 73,592
ROBERT HALF INTERNATIONAL INC 493.0000 SHARES 36,398 36,398
ROGERS CORP 146.0000 SHARES 17,424 17,424
ROYAL CARIBBEAN GROUP 860.0000 SHARES 42,510 42,510
SAGE THERAPEUTICS INC 360.0000 SHARES 13,730 13,730
SAREPTA THERAPEUTICS INC 230.0000 SHARES 29,803 29,803
SEAGEN INC 411.0000 SHARES 52,818 52,818
SEAWORLD ENTERTAINMENT INC 1,390.0000 SHARES 74,379 74,379
SINCLAIR BROADCAST GROUP INC CL A 1,260.0000 SHARES 19,543 19,543
STRATASYS LTD 1,610.0000 SHARES 19,095 19,095
TEGNA INC 1,103.0000 SHARES 23,373 23,373
TELOS CORP 3,980.0000 SHARES 20,258 20,258
TENABLE HOLDINGS INC 770.0000 SHARES 29,376 29,376
TRIMBLE INC 1,167.0000 SHARES 59,004 59,004
TUTOR PERINI CORP 860.0000 SHARES 6,493 6,493
ULTRA CLEAN HOLDINGS INC 850.0000 SHARES 28,178 28,178
ULTRAGENYX PHARMACEUTICAL INC 250.0000 SHARES 11,583 11,583
UNIFI INC 846.0000 SHARES 7,284 7,284
VIAVI SOLUTIONS INC 2,610.0000 SHARES 27,431 27,431
VIMEO INC 1,785.0000 SHARES 6,122 6,122
VISHAY INTERTECHNOLOGY INC 2,646.0000 SHARES 57,074 57,074
WARNER BROS DISCOVERY INC 1,783.0000 SHARES 16,903 16,903
WERNER ENTERPRISES INC 1,250.0000 SHARES 50,325 50,325

TY 2022 InvestmentsOtherSchedule2
Name:
GENERATION FUND INC
 
C/O DINSE PC
EIN:
27-2993973
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
JMF LIQUIDATING LLC FMV 127,671 127,671
LEGACY VENTURE IX, LLC FMV 3,713,301 3,713,301
LEGACY VENTURE XI, LLC FMV 87,439 87,439
9,940 SHARES OF GENERATION IM GLOBAL EQUITY FUND FMV 6,054,867 6,054,867
333.33 SHARES OF SUMMIT FMV 1,199,853 1,199,853
81,076 SHARES OF HIGHCLERE INTERNATIONAL INVESTORS FMV 2,514,487 2,514,487
AMERICAN BEACON SHAPIRO EQUITY FUND CL Y 370,610.8220 SHARES FMV 4,376,915 4,376,915
ARTISAN INTERNATIONAL SMALL-MID FUND 29,318.9120 SHARES FMV 464,412 464,412
ARTISAN INTERNATIONAL VALUE FUND - INV 119,859.8020 SHARES FMV 4,612,205 4,612,205
BROWN ADVISORY SUSTAINABLE GROWTH FUND 82,031.8720 SHARES FMV 2,837,482 2,837,482
DELAWARE EMERGING MARKETS FUND 72,745.5340 SHARES FMV 1,241,766 1,241,766
RBC EMERGING MARKETS EQUITY FUND/US CL I 128,844.1090 SHARES FMV 1,475,265 1,475,265
VANGUARD S&P 500 ETF 12,350.0000 SHARES FMV 4,339,049 4,339,049
WCM FOCUSED INTERNATIONAL GROWTH 132,827.8830 SHARES FMV 2,611,396 2,611,396

TY 2022 LegalFeesSchedule
Name:
GENERATION FUND INC
 
C/O DINSE PC
EIN:
27-2993973
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 4,472 0   4,472


TY 2022 OtherAssetsSchedule
Name:
GENERATION FUND INC
 
C/O DINSE PC
EIN:
27-2993973
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
RECEIVABLE FROM BROKER 4,305    


TY 2022 OtherDecreasesSchedule
Name:
GENERATION FUND INC
 
C/O DINSE PC
EIN:
27-2993973
Description Amount
UNREALIZED LOSS ON INVESTMENTS 12,770,516


TY 2022 OtherExpensesSchedule
Name:
GENERATION FUND INC
 
C/O DINSE PC
EIN:
27-2993973
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSES THROUGH K-1S 116,480 116,459   0
FILING FEES 270 270   0
INSURANCE 1,550 0   1,550
OFFICE EXPENSES 23 0   23


TY 2022 OtherIncomeSchedule2
Name:
GENERATION FUND INC
 
C/O DINSE PC
EIN:
27-2993973
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTIES 14,862 14,862 14,862
UBI ADJUSTMENT TO COLUMN B   -1,060  
ORDINARY LOSS THROUGH K-1S -3,146 -3,146 -3,146


TY 2022 OtherIncreasesSchedule
Name:
GENERATION FUND INC
 
C/O DINSE PC
EIN:
27-2993973
Description Amount
NON-TAXABLE GAIN ON GRANT OF SECURITIES 354,860


TY 2022 OtherProfessionalFeesSchedule
Name:
GENERATION FUND INC
 
C/O DINSE PC
EIN:
27-2993973
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PATHSTONE INVESTMENT MANAGEMENT 51,875 51,875   0
OTHER INVESTMENT MANAGEMENT FEES 50,961 50,961   0
FIDUCIARY TRUST CUSTODIAL FEES 44,476 44,476   0


TY 2022 TaxesSchedule
Name:
GENERATION FUND INC
 
C/O DINSE PC
EIN:
27-2993973
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD 8,029 8,029   0
FEDERAL EXCISE TAX PAID 62,131 0   0
VERMONT UBI TAX 300 0   0