University more than doubles income
Howard Lake | 3 April 2015 | News
Queens University Belfast Foundation had a bumper year in 2014 when it more than doubled its income on the previous year.
Total income for 2014 was £14.3 million against £6.5 million in 2013. Pledges made in 2014 for future use came in at £4.4 million.
The total figure was boosted by exceptionally large donations from the Atlantic Philanthropies which gave grants of £8 million towards medicine, sharing education and improving children’s lives. A new initiative to raise money from individual giving for medicine proved successful, raising £600,000.
Donations to the annual alumni fund raised £328,000 and the Foundation said it contacted 18,000 people in two telephone fundraising campaigns.
As well as charitable trust income increasing from £4.5 million to £9.7 in 2014, company giving also grew from £950,000 to £1.2 million. Legacy income jumped from £330,000 to £2.7 million. This figure included one legacy gift of £2 million for cancer research.
Income for medicine and health dominated the giving categories with over £10.4 million for these areas of activity.
The Queens University Belfast Foundation accounts note that in 2015 they will be assessing the potential of funding for new projects. During the year the Foundation employed 16 staff who, along with general expenses, were paid out of the main university funds.
Photo: Queen’s University Belfast by Captain Tucker on Flickr.com
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.