THE GENERATION FOUNDATION
The Generation Foundation seeks to accelerate the transition to a more sustainable economic system; one that is aligned with a low-carbon, prosperous, healthy, safe and fair society. The Foundation executes this mission through research, major partnerships, grant-making, and through the matched giving programme for Generation employees.
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
“Total income for the year ended 2024 includes donations of £5.6m (2023: £4.9m) and investment income of £5.9m (2023: £13.4m).”
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?
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. Its FY2024 accounts were audited by Sayer Vincent LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE RESOLUTION TRUST | 1 | £13.9m |
| THE ROSELINE FOUNDATION | 1 | £1.0m |
| THE VARDY FOUNDATION | 1 | £615k |
| KUSUMA TRUST UK | 1 | £505k |
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| CRODA FOUNDATION | 1 | £399k |
| THE NUFFIELD FOUNDATION | 1 | £326k |
| THE HEALTH FOUNDATION | 1 | £291k |
Charities like this
- THE GENERATIONAL FOUNDATION
- THE GENERATIONS FOUNDATION
- Genesis Foundation
- THE VIRGIN MONEY FOUNDATION
- GENERATE
- THE RESOLUTION FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE GENERATION FOUNDATION | £11.5m | — | 4 | above | — | no doubt |
| THE GENERATIONAL FOUNDATION | £1.4m | — | 0 | unclear | — | no doubt |
| THE GENERATIONS FOUNDATION | £138k | — | 0 | unclear | — | no doubt |
| Genesis Foundation | £351k | — | — | below | — | no doubt |
| THE VIRGIN MONEY FOUNDATION | £3.3m | — | — | above | — | no doubt |
| GENERATE | £104k | — | 0 | within | — | no doubt |