The Next Generation Fund

The Hugh J. Anderson Fund (MN) sought to encourage its younger members to undertake the family’s history of philanthropy with the Next Generation Fund. There is no minimum age requirement; participants have been as young as 8 years old. The project has a budget of $25,000 for grants. Recommendations are discussed and voted upon by the younger members and are then presented to the Anderson Fund’s senior trustees. The younger members do not have independent grantmaking authority; the senior board ratifies all grants. The Next Generation Fund meets twice yearly, once for an education meeting, and once for a grant review meeting. These are conducted along with family reunions.