Irish community foundation grants and endowment increase
Howard Lake | 30 June 2015 | News
The Community Foundation for Ireland significantly increased its grant making between 2012 and 2013 while also boosting its endowment by over €5.5 million, according to the Foundation’s latest accounts.
For the year up to 2013 grant making increased from €2.4 million to €3.5 million. Around €1 million of the total figure came from the Foundation’s endowment with the balance distributed through around 50 donor advised funds.
The endowment stood at €34.5 million in 2013, up from €29 million in 2012. However, grants from the endowment fund fell slightly in 2013.
The single biggest contributor to the Foundation in 2013 was the Atlantic Philanthropies which made a donation of €2 million to fund an older person’s grant fund.
The biggest categories of recipient from the Foundation’s endowment were youth, family and community which received grants of around €200,000 each. Mental health and ethnic minorities received around €100,000 each.
The biggest theme in the donor advised category was education which received nearly €1 million. Developing countries were awarded grants of nearly €500,000 while employment and older people received around €200,000 each.
Fundraising costs for the Community Foundation for Ireland were around €300,000, a similar figure to the year before.
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.