Community Foundation for Ireland’s grants and endowment show growth

Howard Lake | 11 September 2013 | News

The Community Foundation for Ireland increased its grant giving between 2011 and 2012, from €1.7 million to €2.4 million, according to its latest annual report.

The Foundation also increased the value of its endowment, from €26.8 million to €28.7 million in 2012. The endowment increase was due to both new donors and capital growth.

A number of new funds started in 2012, including family funds. The Foundation also reported a ‘surge’ in activity amongst existing and new donors towards the end of year which it said may have been linked to the changes in the tax regime governing charitable donations in the 2012 budget.

The accounts show that private donations increased from €1.1 million to €1.3 million while donations to the endowment fund more than doubled to over €1.1 million.

As well as individual donor advised funds, the Community Foundation for Ireland administers a number of company giving schemes. Examples include the SAP Fund which provided grants ranging from a few hundred euro to €50,000 for the Specialist People Foundation.

Fundraising costs for the Foundation were roughly similar for both years at around €200,000.

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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale. He is the founder of Fundraising Camp and co-founder of GoodJobs.