Future Generation

We believe young Australians have a brilliant future, in which they drive their own wellbeing.

Thank you for your interest in partnering with Future Generation Global.

The Expression of Interest is now closed.

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In February 2022, we ran an Expression of Interest process to establish partnerships with a group of like-minded, prevention-focused organisations who have ambitious impact growth strategies.

Through these partnerships we’ll provide multi-year funding and additional capacity building support, tailored to each organisation’s circumstances. We will work with partners to track outcomes, learnings and share widely.

About Future Generation Global

Future Generation Global (ASX: FGG) is a dual-purpose investment vehicle. Its purpose is to deliver excellent financial and social returns, with a focus on young people’s mental health and wellbeing.

Frequently Asked Questions

Future Generation and our Expression of Interest

What is Future Generation?

The Future Generation Companies, Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG), are Australia’s first listed investment companies to provide financial and social returns. This short video explains our model.

Renowned fund manager and philanthropist Geoff Wilson AO founded the Future Generation model as a way for the funds management industry to make a significant and ongoing impact in the community via two ASX-listed investment vehicles. The Future Generation Companies have over 15,000 shareholders and $1.3 billion under the expert management of 27 different leading boutique fund managers.

How much does Future Generation donate?

Since listing in 2014 and 2015 respectively, Future Generation Australia and Future Generation Global have invested $52.9 million in Australian charities. This annual investment is enabled by a range of leading Australian and global fund managers who offer their services pro-bono so that 1.0% of net tangible assets each year can be donated to charity.

Each year in August, all Future Generation shareholders have the opportunity to allocate their 1.0% portion of our donation through a voting process. Donations are paid in November annually. Shareholders can also nominate to donate their dividends to our partner charities.

Please note that our funding model includes two variables:
1) performance of financial markets, and
2) shareholder donation voting so funding amounts cannot be guaranteed in advance.

What is the Expression of Interest?

In early 2022, Future Generation Global (FGG) is running an Expression of Interest process to establish partnerships with a group of prevention-focused organisations that have ambitious impact growth strategies. Through these partnerships, we will provide multi-year funding and additional capacity building support, tailored to each organisation’s circumstances.

The Expression of Interest is an online form which can be accessed through the FGG website. There is a range of information available on the website to assist potential applicants assess their alignment with our social investment goals. Those whose work is aligned and wish to apply for partnership with FGG should complete the online form by COB 1 March 2022.

Expressions of Interest will be assessed throughout March and a shortlist progressed to a second stage in early April.

What Future Generation Global (FGG) is looking for and eligibility to apply

What is FGG looking for in its social investment portfolio?

We aim for a national footprint (a mix of geographical locations) across our portfolio and for 30% of partners to be based in rural and regional areas.

We seek a mix of national scope and state and community-based organisations and will predominantly partner with organisations working ‘on the ground’. We are also open to funding organisations undertaking advocacy, building infrastructure for wellbeing and prevention and implementation-driven research.

We acknowledge the holistic approach to social and emotional wellbeing of First Nations people and its relevance to all young people and encourage applications from Aboriginal Controlled Organisations and from those working on integrated cross-sector approaches.

We are interested in generating evidence to accelerate the adoption of effective approaches (it doesn’t have to be new work) into mainstream systems.

Who is eligible to apply?

To be eligible for partnership, organisations must:

  • Hold Deductible Gift Recipient status (DGR), either 1 or 2
  • Have a track record of fostering wellbeing, addressing distress and/or preventing mental ill-health in young people aged 10 – 21 years old (from mid-primary school to entering the workforce)

FGG seeks to support medium-sized organisations with a track record and opportunity for significant impact growth. As a guide, organisations between $1m and $15m annual revenue that are predominantly funded by sources other than Government. We appreciate the obstacles Aboriginal Controlled Organisations face accessing non-government funding and achieving scale, and the size and government funding guides will not apply to those applicants.

Do we have to be a ‘mental health’ organisation to apply?

No, we recognise that young people’s wellbeing and mental health is successfully fostered by organisations from outside as well as within the mental health sector and encourage a broad range of applicants accordingly.

Can a partnership or collaboration between more than one organisation apply?

Yes, we are open to funding established partnerships or collaborations. As long as the lead partner (who will receipt and manage the funding) meets the eligibility requirements, we welcome your application.

Our focus on wellbeing and prevention

What does wellbeing and prevention mean to FGG?

The term mental health promotion encompasses wellbeing and prevention. It is different and complementary to mental healthcare:

  • Emphasises wellbeing and prevention rather than treatment or recovery
  • Focuses on causes rather than conditions
  • Takes place in high reach settings (schools, home, online, workplaces, community) rather than clinical ones
  • Targets groups, communities and populations rather than individuals
  • Delivered by frontline workers in multiple sectors rather than solely by mental health professionals

It focuses on three main outcomes:

  • Promotion of mental wellbeing (thriving and healthy)
  • Primary prevention – modifying risks and strengthening coping mechanisms to prevent the onset of mental ill-health
  • Building mental health literacy, stigma reduction and promotion of help-seeking

FGG recognises that young people’s wellbeing and mental health is successfully fostered by organisations from outside as well as within the mental health sector and encourage a broad range of applicants accordingly.

Can I apply for support for a specific prevention project if that’s not the focus of my whole organisation?

Yes, as long as you meet the eligibility requirements, you can apply. While FGG sees its best contribution as being at the organisational level, we acknowledge that this may not be the case for some applicants that may have compelling impact growth strategies at the programmatic level.

Can I apply for an early intervention initiative?

FGG seeks to focus its support on promoting wellbeing and primary prevention of mental ill-health (preventing the onset of mental ill-health). Accordingly, it is unlikely that early intervention activities will be prioritised.

The practicalities – filling in the online EOI, key dates, queries

What are the key dates for the Expression of Interest process?
  • 1 February 2022 – 1 March 2022: Expression of Interest open
  • March 2022: Assessment and shortlisting
  • April 2022 – May 2022: Shortlisted organisations develop and submit their impact growth strategies
  • June 2022: Exchange event for shortlisted organisations to present their impact growth strategies and join a facilitated discussion with FGG and Advisors
  • July 2022: Partner organisations announced
What if I have a question about my EOI?

Please email EOI@futuregeninvest.com.au or call us on (02) 9247 9202 with any queries.

Can I save my EOI and come back to it?

Yes, at the bottom of each step of the EOI form you will see a “Save draft and complete later” button. This will allow you to save at any stage and come back to complete. All EOIs must be submitted by COB 1 March 2022.

Can I send supporting documents?

Please only complete the required online application form, we will contact you if we require any additional information.

When is the deadline?

Expressions of Interest must be submitted by COB Tuesday 1 March 2022.

How much money will Tier 1 partners receive?

We estimate establishing a minimum of three Tier 1 partnerships in 2022, with annual funding of between $400,000 and $600,000 for three years.

The figures provided are our estimated range for the next three years and will be reviewed annually. Our model includes two variables 1) performance of financial markets and 2) shareholder voting so funding amounts cannot be guaranteed. The estimates are offered in good faith so organisations have goal posts with which to develop their Expression of Interest. We will aim to be no more than 25% of the organisation’s funding base.

How much money will Tier 2 partners receive?

We estimate establishing a number of other partnerships in 2022, with annual funding of between $140,000 and $200,000 for two years.

The figures provided are our estimated range for the next three years and will be reviewed annually. Our model includes two variables 1) performance of financial markets and 2) shareholder voting so funding amounts cannot be guaranteed. The estimates are offered in good faith so organisations have goal posts with which to develop their Expression of Interest. We will aim to be no more than 25% of the organisation’s funding base.

How will we know if we are successful in progressing to the second stage?

You will be contacted by a member of the Future Generation team about your application status in early April.

Can I get feedback if I’m not successful?

If you are not successful and would like feedback, please contact us at EOI@futuregeninvest.com.au

We will attempt to provide feedback, depending on the demand from applicants and our internal capacity.

Can I apply again in the future?

We welcome and encourage applications from previous applicants and partners whose work aligns with our goals. We will be in touch with all applicants and previous partners to advise you when there are future partnership opportunities.

Background to our refined social investment strategy

Why is FGG changing its social investment strategy?

When we established in 2015, our charity partners proposed particular projects for five years of support from FGG (2016 to 2020). In 2020, conscious of the increasing demand for support from young people and the monumental reform challenges facing the mental health sector and those that support it, we felt compelled to review our strategic focus within youth mental health to ensure we are playing the most useful role we can.

Our observations of the sector suggest the focus on servicing mental health problems will continue as a priority. It opens up the possibility for private givers to increase their own impact through finding ways to support organisations working in complex untested space, on the next frontier of solutions.

Australia has a long history of philanthropy pioneering new ways of doing things: Colonial Foundation’s seed funding in 2001 for Prof. Patrick McGorry’s work on early intervention led to global advances in the evidence around efficacy, and subsequent proliferation of early intervention programs.

More than ever, we’re seeing the chance for considerable change to happen in the wellbeing and prevention space, where initiatives aim to build young people’s resilience and stop mental health issues developing in the first instance. So we are excited to continue driving for the best outcomes for young people by supporting partners to build this next frontier of wellbeing and mental ill-health prevention.

What is FGG’s vision for young Australians and its role in reaching that?

Young Australians have a brilliant future, in which they drive their own wellbeing.

In the future, mental health will increasingly focus on optimising wellbeing rather than only treating illness. This will take place within the full social context of everyday life. Approaches will be proactive, person-led and personalised, blending clinical and non-clinical aspects, digital and face-to face modalities. Mental health and wellbeing will have parity and work in proactive coordination with health, welfare and education systems that safely share and use data to optimise outcomes for people. Mental health and wellbeing will be a comfortable conversation at school, at home and at work. Young people will have the agency, knowledge, resilience and tools to drive their own wellbeing, and access to the right additional care if and when they need it.

The most well-documented and widely acknowledged leap towards this future lies in wellbeing promotion and prevention of mental ill-health. The evidence and consensus about the benefits of greater investment in prevention are overwhelming, however our concept of mental health and the subsequent public funding remains concentrated on treating illness. Australia has succeeded in steadily reducing the burden of disease of numerous health conditions (infectious diseases, some cancers, diabetes, heart disease and stroke) by focusing on prevention as well as improving treatments. By contrast, primary prevention has largely been neglected in mental health policy and the personal, social and economic impacts of mental ill-health have not decreased in over 25 years.

We see our role as accelerating the impact of high potential not-for-profits forging the future of mental health and wellbeing with young people. We’ll invest in prevention-focused organisations that are innovating, agitating and challenging the status quo to transform mental health and wellbeing for young people.

As an investment manager, we identify under-valued companies and invest to realise growth. Bringing this approach to our social investment, we’ll back high potential not-for-profits and invest in the organisation to realise impact growth. Through these partnerships we’ll provide multi-year funding towards partners’ growth strategies and additional capacity building support, tailored to each organisation’s circumstances. We will work with partners to track outcomes, learnings and share widely.

Why focus on wellbeing and prevention?

As we see it, our immediate task is to direct our contribution so that it punches above its weight in improving mental health outcomes for young people in the long term. We aim to complement others’ efforts and as private investors, take on risk to accelerate change.

Servicing mental health problems will continue as a priority for Governments. We see our greatest opportunity as investing in the next frontier of wellbeing and prevention, aiming to build young people’s resilience and stop mental health issues developing in the first place.

The case for and consensus about the benefits of investing in wellbeing and prevention are overwhelming:

  • They have been identified as priorities in national and state policies since the First National Mental Health Plan in 1992. However, the majority of public funding continues to be concentrated on treating mental illness once it has become severe (currently governments spend less than 1% of the mental health budget on prevention)
  • Decades of reform in mental healthcare and steady increases in per capita funding have not reduced the prevalence of mental health conditions, which are increasing among young people
  • Australia has succeeded in reducing the burden of disease of many health conditions (infectious diseases, cancers, diabetes, heart disease, stroke) by focusing on prevention as well as improving treatments. Primary prevention has largely been neglected in mental health policy and the personal, social and economic impacts of mental ill-health have not decreased in over 25 years
  • Treating one individual at a time will not curb the growing burden of mental ill-health
  • 70% of young women and 80% of young men who need help do not access treatment services
  • There is strong evidence that mental health conditions are not inevitable, and many common conditions can be prevented from occurring, or at least substantially delayed, through a focus on prevention
  • Prevention-focused approaches are more cost-effective than treatment approaches
  • Investing in wellbeing and prevention of mental ill-health has a positive flow-on effect for a range of services including health care, drug and alcohol services, education, child and family services and the justice system

Sources: Prevention United Consensus Statement, SANE Australia, Everymind

What about FGG’s current partners?

With the support of our valued shareholders and pro bono fund managers and services providers, FGG is enormously proud to have supported a group of leading mental health charities since inception.

Their many achievements and insights generated over the last five years will have ongoing impact for young people, their families, communities and the mental health sector long into the future. Our partners have leveraged our support to raise millions of additional dollars towards their ongoing work in improving youth mental health and preventing suicide. Many have been recognised for advancing the field with significant funding from the Federal and State Governments.

2021 was the fifth and final year of the projects our partners proposed at the beginning of our partnership. In late 2021, FGG provided all current partners an additional year of funding. Current partners whose work aligns with our forward strategy are welcome and encouraged to submit an Expression of Interest.

What does this mean for FGG shareholders and other contributors?

FGG is enormously grateful to its shareholders and pro bono fund managers and service providers for their contribution and enthusiasm for its social investment. In refining our social investment strategy, we remain dedicated to youth mental health and to striving for the best social return for our investment – the best outcomes for young people.

Our model is unchanged, in that we will continue to donate 1.0% of our assets annually towards a range of charity partners and shareholders will have the opportunity to allocate their portion of the donation in August annually.

With our forward focus on wellbeing and prevention, we will have a number of new partnerships to share with shareholders in August following the conclusion of our Expression of Interest process in the first half of 2022.