Hospital foundation reports drop in income
Howard Lake | 16 April 2014 | News
One of Ireland’s major hospital foundations has experienced a drop of over 8% in its income, according to the charity’s most recent accounts.
The Mater Foundation based in Dublin brought in just over €4 million in 2012, down from nearly €4.4 million in 2011. The Mater raises money for the Mater Misericordiae University Hospital.
Legacy income for the Mater showed a significant drop between 2011 and 2012, falling from €533,000 to €190,000. The Foundation also lost an income stream derived from a car park which in 2011 brought in over €200,000.
Some of the decline in income was offset by growth in general fundraising activities which increased by 65 percent while ‘special fundraising’, which raises money for particular hospital wards and departments, increased by 32 percent.
The accounts report income of €300,000 from Irish pharmaceutical company Elan, part of a five year commitment to provide €1.5 million to Mater.
Fundraising costs for the Mater were down on the previous year at €484,000 (€520,000 in 2011). The accounts also record €78,000 spent on ‘activities in furtherance of the charity’s objectives.’
The Mater’s fundraising activities include campaigns around breast cancer and heart issues.
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.