The Giving Ireland 2021 report launched last week, indicates the Education & Research subsector saw an decrease in fundraised income by -10%, seeing the largest decrease in this source of fundraised income in 2018-2019.
Total Giving in Ireland was €1.78 billion, as a percentage of GDP (Gross Domestic Product), that equates to 0.5% GDP, for that period.
When compared to the UK, if the Irish nonprofit sector fulfilled its potential in attracting sources of philanthropic support to a similar level as the UK (their GDP rate is 0.84%), Irish overall Giving could increase to approx €2.99 billion. If we were to focus on the Education & Research subsector’s current fundraising trends relative to other subsectors, this represents approximately €240.6 million in fundraised income for the Education & Research subsector alone. How can we close this gap?
We will look in more detail at the funding of the Education & Research subsector, its trends relative to other subsectors and discuss the impact of Covid (2019 is the last full year of pre-covid stats, so it’s the baseline for comparison when assessing Covid impact).
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