THE GENERATION FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that total income decreased to £11.5m from £18.3m in the prior year, primarily due to the absence of a large one-off investment distribution. Despite this reduction, unrestricted reserves increased to £30.4m, significantly exceeding the trustees' stated policy target of maintaining one year's scaled-down grant-making programme.
What the accounts disclose
“There were 4 employees during the year with emoluments exceeding £60,000 (2023: 4).” — page 21
Leadership, per the charity’s website
- Alison Paton — Director
- Audrey Choi — Chair of the Foundation
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Audrey Choichair
- Anthony Woolf
- Colin Le Duc
- David Blood
- Edward Mason
- Ghessycka Alexandria Lucien Bennett
- Henry Alejandro Gonzalez Gutierrez
- Miheala-Alina Manolache
- Rema Rajeswaran
- Sinisa Krnic
- Valerie Blanchette Rockefeller
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £11.5m | £11.1m |
| 31/12/2023 | £18.3m | £5.9m |
| 31/12/2022 | £5.6m | £11.4m |
| 31/12/2021 | £16.5m | £11.5m |
| 31/12/2020 | £7.5m | £11.7m |
Common questions
Is THE GENERATION FOUNDATION financially healthy?
The accounts state that total income decreased to £11.5m from £18.3m in the prior year, primarily due to the absence of a large one-off investment distribution. Despite this reduction, unrestricted reserves increased to £30.4m, significantly exceeding the trustees' stated policy target of maintaining one year's scaled-down grant-making programme. Its FY2024 accounts were audited by Sayer Vincent LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| THE INTERNATIONAL GOLF CHARITY | 1 | £172k |
| CHK Foundation | 1 | £150k |
| POWER TO CHANGE TRUST | 1 | £129k |
| BACK ON THE MAP LIMITED | 1 | £53k |
| THE GREG & ROSIE LOCK CHARITABLE FOUNDATION TRUST | 1 | £50k |
| THE GERALD MICKLEM CHARITABLE TRUST | 1 | £41k |
| Mercer Family Charitable Foundation | 1 | £25k |