# Irish Dormant Accounts fund to reopen soon

- Link: https://fundraising.co.uk/2005/09/27/irish-dormant-accounts-fund-reopen-soon/
- Published: 2005-09-27T23:00:00+01:00
- Author: Howard Lake

The Dormant Accounts Fund established in 2002 by the Irish government will reopen
for applications before the end of the year. The Fund draws its money from bank 
accounts that have been inactive for a number of years and since 2002 ‚€60 million
has been distributed in grants.
It is thought that changes will be made to both 
the causes supported and the distribution mechanism but any policy changes have 
yet to be finalised.

Under the Dormant Accounts Board’s Disbursement Plan, a minimum of 52.5% of Dormant
Accounts funding has been earmarked for RAPID, Drugs Task Force and CLÃR areas.

The Dormant Accounts Fund Disbursements Board was established on a statutory basis
on 5th June 2002 and is under the aegis of the Department of Community, Rural and
Gaeltacht Affairs.

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The overall objective of the Board is to ensure that dormant accounts funds are 
disbursed in a manner that optimises their effectiveness and assists the personal,
educational and social development of persons who are economically, educationally
or socially disadvantaged or persons with a disability.

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