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.

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