The Giving Ireland 2021 report launched last week, indicates the International Development subsector saw no growth in fundraised income in 2018-2019. However, the subsector proved to be one of the most effective at fundraising, taking in disproportionately more income from fundraising methods relative to the number of organisations in the fundraising space.
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 International Development subsector’s current fundraising trends relative to other subsectors, this represents approximately an additional €75 million in fundraised income for the International Development subsector alone. How can we close this gap?
We will look in more detail at the funding of the International Development 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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