# Dormant Accounts funding set to decline

- Link: https://fundraising.co.uk/2009/05/12/dormant-accounts-funding-set-decline/
- Published: 2009-05-12T09:29:10+01:00
- Author: Howard Lake

The amount of funding from the Dormant Accounts Fund in Ireland, which has made 
grants of nearly €100 million since its formation, is set to decline, according 
to the government department which overseas the distribution of funds to charities
and voluntary organisations.

 

The Department of Community and Rural Affairs said it expects €12.95 million to 
be available from dormant accounts in 2009. Disbursements from the Dormant Accounts
Fund target three broad categories of persons:

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•those affected by economic and social disadvantage;

 

•those affected by educational disadvantage and

•persons with a disability.

 

The decline it said to be down to fewer dormant accounts becoming available as people
become more diligent about claiming money in the current recession.

 

Recently the Government approved an allocation of over €3 million from the Dormant
Accounts Fund to support homelessness (€1.5 million) and substance misuse projects(
€1.56m).

 

Details of all allocations to date are available on the Department’s website.

 

www.pobail.ie

 

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