# Hospital foundation reports drop in income

- Link: https://fundraising.co.uk/2014/04/16/hospital-foundation-reports-drop-income/
- Published: 2014-04-16T11:38:44+01:00
- Author: Howard Lake

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](http://www.materfoundation.ie) 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.

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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.

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