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Trinity Foundation posts big increase in income

Trinity Foundation posts big increase in income

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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Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world's first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp.

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