“Our pro bono fund managers, directors, and supporters are delivering more than investment returns. Together with our shareholders, they’re helping shape a better future for the next generation.”
Blending best-in-class investment management with best-in-class philanthropy, Future Generation gives you access to leading fund managers, without paying management or performance fees, so you can support Australian non-profits – without compromising your investment returns.
The story of Future Generation begins in 2012 when our founder, Geoff Wilson AO, came across an article in London’s Financial Times. It profiled a group of prominent UK investors raising £500 million for a pioneering fund designed to generate millions each year for cancer research. What made the fund extraordinary was its structure: the managers had agreed to permanently waive all their usual fees to maximise their charitable donation.
Geoff, Founder of Wilson Asset Management and a committed philanthropist, was inspired. He saw the potential to bring the Australian investment community together to drive large-scale, sustainable social change.
On his return to Australia, Geoff drew on his deep experience in listed investment companies (LICs) to launch Future Generation Australia in 2014, followed by Future Generation Global in 2015. He rallied dozens of leading fund managers – including many direct competitors – to manage capital for these companies entirely pro bono, waiving both management and performance fees.
This innovative model enables Future Generation Australia and Future Generation Global to donate 1% of their net tangible assets each year to not-for-profits supporting at-risk children and youth mental health – without compromising investor returns.
From the outset, Geoff set what he called a “big, hairy, audacious” goal: to raise $100 million for charity by 2030. In 2025, we surpassed that target five years ahead of schedule.
At the same time, our focus on delivering long-term capital growth and a reliable, tax-effective income stream for shareholders remains unwavering.
This is our story – and it’s only the beginning. We invite you to be part of it.
“Our pro bono fund managers, directors, and supporters are delivering more than investment returns. Together with our shareholders, they’re helping shape a better future for the next generation.”
The Future Generation portfolios are expertly managed to blend investment styles and strategies, with the aim of delivering a steady stream of fully franked dividends, preserving capital and delivering attractive returns with lower volatility than the market.
Our strategies offer exposure to hard-to-access Australian and global fund managers.
Our fund managers, service providers, Investment Committees and Board all work pro bono, meaning you pay zero management or performance fees. To date, shareholders have saved more than $170 million in fees.
We have a proven track record of delivering a reliable stream of fully franked dividends. Our structure allows us to retain earnings and smooth payouts.
Our fixed capital structure means we are not subject to daily inflows and outflows. That gives our managers the freedom to invest for the long-term – backing quality businesses with the potential to grow.
Our highly diversified portfolios are designed to manage risk effectively, helping us deliver solid returns with lower volatility than the broader market.
Every investment helps fund high-impact non-profits supporting young people across Australia. Since launching, we’ve donated $100 million – without compromising shareholder returns.
Whether you are new to investing or are a seasoned investor, beginning your investment journey with Future Generation is simple. Shares in Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG) are listed on the Australian Securities Exchange (ASX).
Chair of Future Generation Australia
Founder of Future Generation and Wilson Asset Management
Chief Executive Officer of Wilson Asset Management
Co-Founder of Victor Smorgon Partners
Founder and Managing Director of Paradice Investment Management
Founder and Chief Investment Officer of Sandon Capital
CEO of McKinnon and Chair of Cricket Australia
Non-Executive Director across ASX-listed Real Estate Investment Trusts and Infrastructure Funds
Chair of Future Generation Global
Founder of Future Generation and Wilson Asset Management
Chief Executive Officer of Wilson Asset Management
Independent Director and Director at MDH Pty Ltd
Non-Executive Director of HSBC Australia, TOLL Holdings, Board of Message Stick Foundation and Chair of Sydney Symphony Orchestra
Chair of the FGG Investment Committee and Hill-Smith Family Estates, Independent Director of Adairs, Perennial Partners and Trustee of AGNSW
Non-Executive Director and former Executive Director at Grant Samuel
Chief Executive Officer
Chief Investment Officer
Social Impact Director
Corporate Affairs Manager
Senior Editor & Corporate Affairs Advisor
Communications Coordinator