Future Generation donates to children’s charities

Company News

by Jessica Ellerm

 
Future Generation (ASX:FGX) has announced it will donate a total of $4.71 million to children and youth charities through its two wealth creation vehicles.
 
$2.42 million will go towards Australian charities focused on children and youth mental health, while an additional $2.29 million will go to charities focused on children and youth at risk.
 
A total of 22 charities will benefit from the donations.
 
CEO Louise Walsh has indicated the fund’s vision is to become the second biggest private sector funder in the Australian non-profit sector after the Paul Ramsay Foundation.
 
Future Generation Investment Company Limited reported a net profit of $4.53 million at 31 December 2015.

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.