Biggest ever legacy boosts income for Irish Cancer Society
Howard Lake | 7 December 2012 | News
The Irish Cancer Society’s (ICS) biggest ever legacy of €2.5 million helped the charity increase its income in 2011 to €21.2 million, from €17.5 million in 2010.
Even without the exceptional legacy amount, ICS's income increased by 7% to €18.8 million, according to its annual report. The charity’s communication manager, Grainne O’Rourke, told the Irish Independent that during the year they had received a number of legacies over €100,000.
ICS's report makes particular mention of its 'Shave or Dye' campaign run in conjunction with a local radio station which raised €1.3 million but the charity’s biggest fundraising event continues to be Daffodil Days which raised nearly €2.5 million in 2011.
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Income from charity shops for 2011, which includes Christmas card sales, also increased to €3.8 million, with net income at €951,000.
Fundraising costs were up, from €3.5 million in 2010 to €4 million in 2011. The charity’s overall financial situation improved with net current assets up to €9.3 million from €8 million.
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.