Ireland’s charity Institute of Charity is hoping to raise more than €25 million in a US charity-bashing auction, after receiving a €25,000 donation from the United States government.
The auction was organised by the Irish Independent newspaper, and it raised €24.3 million in total, which is expected to be divided among charity projects, including a €7.8 million initiative to combat poverty in Africa.
The institute has been involved in charity work in Ireland since its foundation was set up in 1894, and has seen its charitable activity increased by over 100 per cent since the financial crisis.
However, the Irish government has also been criticised for failing to tackle the increasing gap between the wealthy and poor in Ireland.
Its proposed funding for the Institute of Charities, in addition to the €25.6 million it has earmarked for its work in Africa, is the first time the country has made a donation to a US-based charity.
According to the Irish Times, the money will go to an initiative to fight poverty in Europe, which will be based at the Institute.
“This is the best of times and the worst of times for charities in Ireland,” said Frances Walsh, director of the institute, which also has offices in New York and London.
A donation from Ireland’s President, Michael D Higgins, is expected in the next few days, and the auction will take place on Saturday, July 23, at a venue in the New York City borough of Manhattan.”
I hope that by raising this money we will be able to show the world, that we are working hard to tackle inequality in Ireland.”
A donation from Ireland’s President, Michael D Higgins, is expected in the next few days, and the auction will take place on Saturday, July 23, at a venue in the New York City borough of Manhattan.
In a statement, the Institute said it was “very pleased to have been selected as a recipient of this extraordinary funding”.
The institute said it hoped to make the donations “so that we can ensure the long-term future of our work in this important area”.
“Our hope is that the funds will be used for projects that promote human dignity, promote the quality of life for all, and promote sustainable development,” it added.