Trinity Foundation posts big increase in income
Howard Lake | 6 April 2017 | News
Trinity Foundation, the fundraising arm of Trinity College Dublin, saw its income jump from €53 million in 2015 to €73 million last year, according to its latest accounts.
The accounts note that the fundraising figure for last year includes the ‘largest charitable pledge in Irish history’ from Atlantic Philanthropies which is recorded as €59 million. The funding is for a joint dementia research project.
Trinity fundraises for a number of projects and schools within the college and the Business School had a particularly good year, with €1.5 million donation from Ryanair noteworthy. The Business School also received two donations over €500,000.
Two pledges over €1 million were received for the Foundation as well as nine gifts over €100,000.
The Foundation carried out a large direct marketing campaign last year and contacted 89,000 alumni by mail, phone and email. 2550 individual donations were pledged last year while 645 volunteers helped with fundraising. In total the Foundation has 7000 donors.
Fundraising costs were slightly lower last year at €1.5 million, from €1.7 million the year before. Total expenditure, including alumni and fundraising costs, however, increased last year to €3.4 million.
The Trinity Foundation is aiming to raise €400 million by 2021.
Photo: Trinity College Dublin by Marianone 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.