Community Foundation Ireland’s grant giving grows
Howard Lake | 1 July 2016 | News
The Community Foundation Ireland increased its grant funding in 2014 to €3.8 million from €3.5 million the previous year, according to its latest accounts.
Of the 710 grants provided €617,000 came from the Foundation’s endowment, with the balance from donations provided from individuals and companies.
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Grants administered on behalf of companies include the BT Ireland fund worth €25,000 annually, Ebay Foundation (€28,000), SAP Business Fund (€176,000), SAP CSR Emea Fund (€593,000) and Ulster Bank Community Fund (€176,394).
Family foundations include the LFG Family Fund (€215,000), Martin Family Fund (€44,000), Tony Ryan Fund for Tipperary (€420,000) and Winifred Garvin Fund (€69,000).
Total funds, from which the Foundation’s endowment is derived, grew to €42 million from €39 million the previous year. The Community Foundation Ireland revealed in its accounts that in future years it would make grants at 4% of the value of its endowment.
Fundraising and development costs increased to €291,000 from €208,000. Total operational costs in 2014 were nearly €600,000.
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.