# Trinity income down nearly 50%

- Link: https://fundraising.co.uk/2011/06/15/trinity-income-down-nearly-50/
- Published: 2011-06-15T22:59:00+01:00
- Author: Howard Lake

**Ireland’s leading educational foundation, the Trinity Foundation, has seen its
income drop nearly 50 percent in the last year, according to a report in the Sunday
Independent.**

The latest accounts from the foundation show that income fell from €26.9m in 2009
to just €14.5m in 2010, a 46 per cent decrease. Foundation director Nick Sparrow
told the Independent that the outlook for 2011 is much the same as last year.

“The major issue is one of uncertainty – individuals and companies are unable to
make long-term pledges over three or four years as they would have in the past. 
People aren’t making any major purchasing commitments and philanthropy is going 
to suffer just as much if not more,” Mr Sparrow said.

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A number of [Trinity College](http://www.tcd.ie)‘s most high profile initiatives
including the Conservation of the Old Library, the Trinity Access Programme and 
the Science Gallery are under threat following the fall in funding at the Trinity
Foundation.

Mr Sparrow said that the library and its contents, including the Book of Kells, 
require preservation from the effects of age and environmental pollutants. The building
itself also requires conservation work, which may now have to be forestalled.

Another initiative under threat is the Trinity Access Programme, which has helped
almost 400 students from socio-economically disadvantaged backgrounds to graduate
from Trinity.

The Foundation’s current board has some of Ireland’s leading businessmen, including
a strong representation from the world of finance.

 * **[Trinity College Dublin launches €600 million strategy](https://fundraising.co.uk/2014/10/22/trinity-college-dublin-launches-new-e600m-strategy/)(
   22 October 2014)**
 * **[Irish college launches major fundraising campaign](https://fundraising.co.uk/2019/05/09/irish-college-launches-major-fundraising-campaign/)(
   9 May 2019)
 * **[Trinity produces major Irish fundraising study](https://fundraising.co.uk/2007/10/02/trinity-produces-major-irish-fundraising-study/)(
   2 October 2010)