Irish Heart Foundation Income Suffers in Recession
The income of the Irish Heart Foundation (IHF) has been badly affected by the economic downturn, it has emerged. The funding of the IHF is down by 15.5 per cent compared to the same period last year. In 2008, the IHF had a total income of €5.9 million.
“This means we will have to cut back on some of our activities, which won’t be very pleasant,” said Medical Director of the Foundation, Dr Brian Maurer. “We have already taken steps to reduce our cost base. Many efficiencies that can be achieved through redeployment within the organisation have been identified or implemented.”
He said the Foundation continued to be heartened, however, by the generosity of the public in these difficult economic times. Lidl's recent donation of €100,000 to the Foundation will also have helped to alleviate the strain placed upon the charitys finances.
Chief Executive of the IHF, Mr Michael O’Shea, said the Foundation still hopes to provide a fairly comprehensive service to support people with heart disease and stroke. “Our charity is 93 per cent funded by public donations and these are difficult times for everybody,” he said.
“We will have a number of fundraising events later this year when we will be calling on the generosity of the public once again.”