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Support from FGX continues to pay dividends

In 2016 Kiara Gordon moved from her home in Normanton, in Queensland’s Gulf of Carpentaria, to begin boarding at The Cathedral School in Townsville. The local high school only catered to Year 10, and Kiara had aspirations to complete school and go on to further study.

“I always liked school because of the endless possibilities.”

Kiara completed Year 12 in 2017 on an AIEF Scholarship. She volunteered her time to assist younger students on many occasions and became a great role model for her Indigenous peers. Kiara is now looking to study a Diploma of Higher Education in Society and Culture Studies at university in pursuit of her dream to become a primary school teacher.

“Coming from a remote community with few Indigenous role models was hard,” Kiara says. “It is wonderful to hear about Indigenous people breaking through barriers and inspiring other young Indigenous people to break through the cycle.”

The Australian Indigenous Education Foundation (AIEF) was established in 2008 in response to community demand from Indigenous families who choose to enrol their children in boarding schools.

Bringing together the government and private sector, AIEF provides scholarship funding for Indigenous students to complete Year 12 or tertiary studies, with career support to help them make a successful transition to their chosen fields.

Since 2014, AIEF has been supported by the Future Generation Investment Company (FGX), which donates 1% of its net tangible assets (NTA) each year to charity. This social return is paid to 14 organisations working with children and young people across Australia, instead of any management fees or performance fees on its portfolio performance. Participating fund managers also offer their services for free.

Alongside generous donations from the FGX Fund, shareholders are given the opportunity to donate a portion of their dividends to the selected 14 charities through the FGX Dividend Donation Plan.

While for some shareholders it may only be a few dollars, for others it can be a substantial donation amount. The support of our partners and donors is essential to sustaining AIEF and its programs, and we thank all the FGX Shareholders who choose to invest in AIEF through the FGX Dividend Donation Plan.

Backed by some of Australia’s most influential business and community leaders, AIEF has grown from one scholarship student in 2008 to now having around 450 students on scholarships annually, with a network of over 600 alumni and growing by over 70 graduates each year, from over 400 communities in every state and territory of Australia.

AIEF has consistently achieved annual retention and Year 12 completion rates and career transition rates above 90% since funding its first scholarship in 2008.

FGX shareholders and fund managers continue to play an important role in setting the foundation for tomorrow’s leaders, by supporting AIEF to create more opportunities for young Indigenous people to achieve nation changing outcomes.

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The evidence of education and, as a consequence, employment outcomes achieved by Indigenous children who attend boarding schools is indisputable.

Senator the Hon Nigel Scullion
Minister for Indigenous Affairs

Partners

The AIEF Scholarship Program and the AIEF Pathways Program are supported by the Australian Government in collaboration with individual, philanthropic and corporate supporters from the private sector.