Trust Fund Factsheet
Tools for » Generation Unlimited Trust Fund
In Focus

Fund Dates:

  • Start Date: 13 December 2019
  • End Date: 31 December 2030

Reports

Key Documents


About

Overview

Generation Unlimited (GenU) is a global multi-sector partnership that was launched in September 2018 during the UN General Assembly to meet the urgent need for expanded education, training and employment opportunities for young people, aged 10 to 24, on an unprecedented scale. It forges public-private partnerships – globally and in countries – to co-create and support investment opportunities, programmes and innovations at a large scale, and to help young people become productive in life.

The Generation Unlimited Multi-Partner Trust Fund is a pooled fund that was established in December 2019 to support GenU’s work and activities, especially at the country-level. It provides catalytic capital for the structuring of investment opportunities and mobilization of financing for young people around the world, and it is open for both public and private-sector contributors.

 

Assistance Strategy

Alongside partners, the GenU Trust Fund supports the development and implementation of GenU’s Country Investment Agendas, including the scaling up of solutions on learning, skilling, entrepreneurship and employment, and the development and implementation of GenU’s Global Breakthroughs – innovations that tackle challenges experienced by young people in multiple geographies.

The Trust Fund aims to catalyze financing towards GenU’s strategic priorities through:

  • Private commercial investment: Investors benefit from GenU sourcing and structuring investable ideas, and ability to share risk across multiple partners
  • Private capital through shared-value partnerships: Investors benefit from prepared business cases for investment and co-investment with governments and civil society
  • Domestic public funds: Governments benefit from the availability of catalytic capital to scale solutions for young people that advance national priorities and goals, and support in accessing development banks’ financing
  • Development grants and loans: Development banks benefit from increased country-level demand for concessional and non-concessional financing

 

Governance

The Administrative Agent (AA)

The Fund is administered by the UN Multi-Partner Trust Fund Office, which acts as its trustee.

 

The Executive Committee

The GenU Executive Committee, which is the partnership’s primary decision-making body at the global level, oversees the Trust Fund, among other functions.

Recent Documents

This tab shows only recent documents relevant at the Fund level. To see more documents at both the fund and project level go to the Document Center.

Key Figures
Funding Status
Participating Organizations are required to submit final year-end expenditures by April 30 in the following year; Interim expenditure figures are submitted on a voluntary basis and therefore current year figures are not final until the year-end expenditures have been submitted.
Total as of
Values in US$
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Funds with Administrative Agent
Contributions from Donors 2,247,190  
Interest and Investment Income (from Fund) 0  
Interest (from Participating Organizations) 0  
Total source of funds   2,247,190
Transferred to Participating Organizations 2,224,718  
Refunds from Participating Organizations 0  
Administrative Agent Fee 22,472  
Direct Cost 0  
Bank Charges 0  
Total use of funds   2,247,190
Balance with Administrative Agent   0
As a percentage of deposits   0.0%
Funds with Participating Organizations
Transfers to Participation Organizations 2,224,718  
Total resources   2,224,718
Participating Organizations' Expenditure 0  
Refunds from Participating Organizations 0  
Total expenses     0
Balance with Participating Organizations   2,224,718
As a percentage of transfers   100.0%
Total Balance of Funds   2,224,718
As a percentage of deposits   99.0%
Delivery Analysis
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Contributions
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Projects
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Contacts

For Policy and Programme Issues

 

For Fund Administrative Issues

Multi-Partner Trust Fund Office (MPTF Office), Bureau of Management, United Nations Development Programme, New York, USA; Fax: +1 212 906 6990;  

  • Jennifer Topping, Executive Coordinator, Telephone: +1 212 906 6880; E-mail: jennifer.topping@undp.org  
  • Mari Matsumoto, Senior Portfolio Manager, Telephone: +1 212 906 5735, E-mail:mari.matsumoto@undp.org
  • Mr. Charles Tumushabe, Portfolio Associate, Telephone: +1 212 906 5703; E-mail: charles.tumushabe@undp.org
  • Ms Louise Moretta, Chief of Finance, Email: louise.moretta@undp.org; Telephone: +1 212-906-5667+1 212-906-5667+1 212-906-5667+1 212-906-5667
  • Ms Jacqueline Carbajal, Finance Associate, Email: jacqueline.carbajal@undp.org; Telephone: 212-906-6613212-906-6613

 

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