A Better Tomorrow was initially set up in 1990 as a community service initiative. It serves as a continuation of the United Nations' A BETTER WORLD vision in 1989 to encourage community-wide participation to help build a better world. The initiative was later incorporated under the Hong Kong Companies Ordinance as a non-profit company limited by guarantee.

Since 1990, A Better Tomorrow has donated substantial funding and participated in hundreds of projects ranging from education, environment, public health, youth, religion and social welfare. This includes establishing scholarships in universities, providing subsidies to projects for the underprivileged, and supporting voluntary services such as organising visits to homes for the aged and the young.