# Report reveals over €6.5 million private investment in Irish arts

- Link: https://fundraising.co.uk/2014/04/29/report-reveals-e6-5-million-private-investment-irish-arts/
- Published: 2014-04-29T12:53:55+01:00
- Author: Howard Lake

Arts organisations in the Republic of Ireland received over €6.6 million from voluntary
income and sponsorship in 2012, according to a new report commissioned by the Arts
Council in Ireland.

Voluntary income totalled €3.5 million while the balance of €3.1 million came from
sponsorship. Voluntary income was defined as donations, membership, charitable trusts
and legacies while sponsorship included both cash and in kind support.

The report found that theatre received the bulk of private investment (24%), followed
by music (17%) and film (14%). Visual arts, opera and festivals at around 8% were
the next biggest categories. Not surprisingly, arts organisations in the Dublin 
area accounted for most of the private investment at nearly 50%.

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The largest arts organisations received the bulk of private investment while small
organisations received the least both in real terms and as a percentage of their
overall income. Despite the funding received from private sources, state funding
still made up between 94 and 96 percent of total income.

The report drew comparisons with the experience in the UK and found that voluntary
income in Ireland represented 53% of private investment compared with 88% in the
UK, with the balance made up of sponsorship.

The report, ‘Irish Arts Sector, Private Investment Report for the Arts Council,’
was compiled by the agency [2into3 ](http://www.2into3.com)from 189 arts organisations
in Ireland.

 

_Photo: [Luis Santos](http://www.shutterstock.com/gallery-331438p1.html?cr=00&pl=edit-00)/
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