Posted on July 09, 2018
The Community Foundation for Ireland has reached the milestone of €40 million in grants since its establishment in 2000 this month. From awarding €85,000 in grants in 2000 to over €6.5 million in grants in 2017, The Community Foundation for Ireland is continuing to grow its grant making year on year and work towards creating a fair, caring and vibrant Ireland for now and the future.
Mike Gaffney, Chairperson of the Board of The Community Foundation for Ireland commented
“It is an incredible achievement to have made €40m in grants from a standing start in the year 2000 funded by an initial start-up challenge grant of €1m. The difference it makes to people’s lives is important now more than ever. It shows the power of our very talented and hardworking management, staff, and board members - all supported by Donors who care, and our governance and financial structure which makes sure we will be around to support our communities for the very long term. “
The €40 million in grants has gone towards a number of pressing social issues both in Ireland and abroad, from setting up the first National LGBT Helpline in the early 2000’s to launching the year of Belonging in 2016, The Community Foundation for Ireland has continued be heavily involved in the non-profit sector and responds to the issues of the day. The €40 million in grants comes from The Community Foundation for Ireland’s own funds and from the generosity of private donors. The Community Foundation for Ireland works with individuals, families, corporates and other trusts and foundations to translate generosity into strategic and impactful giving. It is through forward-thinking and strategic donors that such impacts were possible, without them this €40 million milestone could not have been achieved.
“I think there is cause to celebrate the €40m and the role of The Community Foundation for Ireland in firstly supporting the commitment and vision of donors who have made resources - €40m - available, trusting that it will be well used to address need and secondly the willingness of community and voluntary organisations, some very small, to commit thinking, energy, compassion and solidarity to using those resources to best effect, improving opportunities for others.” Anna Lee, Board Member, The Community Foundation for Ireland
This year The Community Foundation for Ireland launched its 2018-2020 three year strategy ‘Giving, Grantmaking and Growing for Social Change”, you can download the strategy here. The strategy outlines the plan to grow The Community Foundation for Ireland’s endowment fund, currently standing at €43 million to €55 million and to give out an additional €22 million in grants over the next three year period.
The Community Foundation for Ireland currently works with over 70 Donor Advised Funds and the community foundation model is a proven and effective way to connect donors who care with causes that matter. With over 1800 community foundations around the world today, The Community Foundation for Ireland is here for the long-term and is continually looking to build strong and lasting partnerships to create impact and social change.
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