Irish American Fund hopes to raise $1 million a month
Fund to support more than 300 initiatives across Ireland during the economic crisis
The Irish American fund is increasing its efforts to support more than 300 initiatives across Ireland during the economic crisis, with the aim to raise $1m a month.
The Promising Ireland fund was launched with the initial goal of raising $100m at the beginning of the year. However, according to Kieran McLoughlin, president and chief executive of American Ireland, the response was so great that the fund has increased the target to $140m.
"As of this [Friday] morning we’ve agreed a new goal for Dec 2013," he said, according to the Irish Examiner.
"The new goal of $140m requires us to raise $1m a month, every month for the next 18 months. Our money is privately sourced so that is philanthropic giving from donors across the world. Not a penny of public money is in there."
The new Promising Ireland fund would account for nearly 30% of the $432m the fund has raised for Irish projects since it was founded in 1976, according to McLoughlin.
"In other words, over a quarter of our entire income has been raised in a 10th of our history. Already the Promising Ireland campaign has provided support to more than 350 charities in Ireland," he said.
According to The Irish American Fund's Catriona Fottrell, the need from charities has increased as the recession hits public funds with the number of applicants increasing from 600 in 2011 to 1,000 this year so far.
- An open letter in strong defence of capitalism.
- Sarah Palin is saving Christmas
- Racist incidents in Ireland up by 85 percent...
- Gay teacher fired from Catholic school after...
- Virginia governor slammed by doctor over...
- Top Christmas Irish ads that will be bring...
- Irish drugs mule to escape full trial and...
- Families as well as Catholic Church and governm
- Nelson Mandela was against IRA decommissioning.
- Bill O’Reilly slams Nelson Mandela as an...
There were only two Irish people invited to the funeral - Martin McGuinness and Gerry Adams. All the rest, such as the leech Bonio, were gate crashersGay wedding cakes latest target of anti-gay bigots
Phillips is a good old fashioned bigot. I bet he wouldn't have a problem baking a cake for the KKK!Irish radio presenter suspended after anti-Israeli comments aired on show
Well Shuvonn, the Israeli government involvement is in no way involved in "attacks on Christian sites" in and around Jerusalem. The Huff PoDispelling liberal myths, the Tea Party is not racist and the right is not the realm of homophobes and misogynists
Why will this site not accept my comments passing through my IE browser?