The purpose of this Statement is to outline a philosophy and strategy which will guide the management of assets towards the desired results. It is intended to be sufficiently specific to be meaningful, yet broad and flexible to allow the Manager(s) sufficient scope to exercise their judgement on behalf of the Funds In particular, it is the responsibility of the Manager(s) to request a change in this Statement where it believes that the Statement is inhibiting it in any way from carrying out its role or in achieving the investment objectives of the Funds.

Community Foundation Ireland has an Endowment Fund (“the Fund”), the operation of which is governed by the company’s Constitution which also sets down the powers and responsibilities of the Directors in relation to the in relation to the Fund. As the Fund is for qualifying charitable purposes, it’s income and gains are exempt
from Irish tax.