The Future Generations Foundation (formerly the NIB Trust Fund) was established as a trust in 1975 and in the same year obtained charitable status.

The FG Foundation’s objectives are to:

1. To study in conjunction with First Nation representatives from the various parts of Canada the problems confronting First Nations in today’s society;
2. To do research into the economic, social, and scientific problems of First Nation communities with a view to proposing solutions to these problems;
3. To do research into the historical and cultural aspects of First Nation communities with a view to assisting in retaining First Nation culture and values;
4. In order to further carry out the foregoing objects, to obtain and disseminate information to First Nation groups and others concerned with the quality of First Nations life;
5. To provide educational programs and related services and initiatives that provide assistance to First Nations peoples including the provision of financial assistance to attend educational institutions at all levels; and
6. To provide healing and reconciliation programs, services and initiatives for First Nations peoples as required as a result of the intergenerational impacts of the Indian Residential School system.

Today, the FG Foundation supports education programs aimed at healing, reconciliation, and knowledge building. The goal of the FG Foundation is to help First Nations and Métis people, organizations, and communities address the long-lasting impacts of the Indian residential schools system and to support education programs aimed at healing and reconciliation over many years. All FG Foundation funding is accessed through a competitive application process.

To date, the FG Foundation has awarded $59.7M to 690 Group Beneficiaries to provide language and cultural revitalization programs, back to the land programs, teaching circles, youth camps, traditional kinship connections, student support, certified training, and scholarship programs. In addition, it has awarded $30.1M in funding for 7,131 First Nation and Métis individuals engaged in cultural learning, post-secondary, or training and certification.