Individual donations boost QUBF’s income
Howard Lake | 12 April 2016 | News
Queen’s University Belfast Foundation increased its income in 2015 by over £500,000 due mainly to a growth in individual donations, according to its latest accounts.
Total income was £14.9 million last year against £14.3 million in 2014. Of the total figure for 2015, £13.6 million was received in cash and pledges for future use came in at £1.9 million.
Atlantic Philanthropies continues to be the biggest donor to the Queen’s University Belfast Foundation, with £8.7 million received in 2015 for medicine, shared education and ‘improving children’s lives.’ Total trust income was £12.4 million.
Individual income was just over £1 million, from £700,000 in 2014. The Foundation says 11,000 alumni were contacted through two telephone fundraising campaigns, including one in North America. £332,000 was raised through donations to the annual fund which supports sport, medical funds and scholarships.
Legacy income, after benefiting from an exceptional gift of £2 million in 2014, fell from £2.6 million to £375,000.
Corporate income fell slightly, from £1.2 million to just over £1 million last year.
The Foundation says it is reviewing its board to reach the ‘required refreshment’ to meet the needs of its new fundraising campaign, Vision 2020.
Photo: Queen’s University Belfast by Captain Tucker on Flickr.com
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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.