Cork University Foundation income plummets

Cork University Foundation income plummets

first_img About Howard Lake 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 and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 16 October 2014 | News One of Ireland’s major university foundations experienced a big drop in fundraising income last year, according to its annual accounts.Cork University Foundation saw its income fall from €2.5 million in 2012 to €1.3 million in 2013. The fall in income led to the Foundation posting a deficit of €1.5 million last year compared to a surplus of €94,000 in 2012.The Foundation has played an important part in the past in the funding mix for many of the university’s capital programmes such as a €44 million sciences campus, a €22 million pharmacy school and a €13 million environmental research institute.Many of these developments were in the mid 2000’s and there does not appear to have many major projects in recent years.The accounts do not provide details of how the Foundation raises its money but it appears most income is derived from fundraising in Ireland and local companies have been supportive. In 2012 the Foundation received a grant of €216,000 from Atlantic Philanthropies.No information is provided on Foundation expenses, with the university absorbing the operational costs of the Foundation. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Photo: Luis Santos / Shutterstock.comcenter_img Cork University Foundation income plummets  32 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Finance higher education Irelandlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *