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Nonprofit · EIN 34-6850815

THE GENERATION TRUST

Tax-exempt · CINCINNATI, OH 45263

Financials

$745K$318K2023$1.2M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of THE GENERATION TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,169,241$1,271,489-$102,248$19,838,130$0$19,838,130
December 31, 2023990-PF$744,515$317,959$426,556$19,947,642$0$19,947,642
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$632,610
Net gain from sales of assets
$536,631

Expenses

Grants and similar amounts paid
$1,098,000
Compensation of officers, directors and key employees
$117,093
Disbursements for charitable purposes
$1,132,114
Excise tax on investment income
$13,794

Balance sheet and other

Total assets, start of year
$19,947,642
Total assets, end of year
$19,838,130
Total liabilities, end of year
$0
Net assets, end of year
$19,838,130
Fair market value of assets
$33,363,201
Qualifying distributions
$1,132,114
Net investment income
$1,127,364

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CAROLYN BECKETT
PO BOX 1868, TOLEDO, OH 43603
EXECUTIVE DIR40$60,000
FIFTH THIRD BANK N A
PO BOX 630858, CINCINNATI, OH 45202
TRUSTEE1$57,093
JOHN D BECKETT
PO BOX 1868, TOLEDO, OH 43603
ADVISOR1$0
WENDY BECKETT
PO BOX 1868, TOLEDO, OH 43603
ADVISOR1$0
KEVIN BECKETT
PO BOX 1868, TOLEDO, OH 43603
ADVISOR1$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
CAROLYN BECKETT
PO BOX 1868, TOLEDO, OH 43603
EXECUTIVE DIR40$57,692
FIFTH THIRD BANK N A
PO BOX 630858, CINCINNATI, OH 45202
TRUSTEE1$51,512
JOHN D BECKETT
PO BOX 1868, TOLEDO, OH 43603
ADVISOR1$0
WENDY BECKETT
PO BOX 1868, TOLEDO, OH 43603
ADVISOR1$0
KEVIN BECKETT
PO BOX 1868, TOLEDO, OH 43603
ADVISOR1$0

Address and contacts

Address (IRS master file)
PO BOX 630858, CINCINNATI, OH 45263-0858
In care of
% FIFTH THIRD BANK
Signed the 990-PF
MATTHEW CAROTHERS, Trustee
Phone
(513) 534-5310
Return prepared by
PWC US TAX LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
34-6850815
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1986
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$19,838,130
Income (IRS master file)
$5,014,549

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,169,241$1,271,489$19,838,130XML
990-PFDecember 2023$744,515$317,959$19,947,642XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-6850815).

Questions about THE GENERATION TRUST

What is the EIN of THE GENERATION TRUST?
The employer identification number (EIN) of THE GENERATION TRUST is 34-6850815.
Is THE GENERATION TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to THE GENERATION TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE GENERATION TRUST file?
Form 990-PF. Private foundations file every year.
When is the next return of THE GENERATION TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE GENERATION TRUST last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of THE GENERATION TRUST?
The 990-PF for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $60,000 (CAROLYN BECKETT, EXECUTIVE DIR).
How much revenue does THE GENERATION TRUST have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,169,241, expenses of $1,271,489 and total assets of $19,838,130 at year end.

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