Charitable giving reached €1.24 billion in 2018, according to Giving Ireland 2020 Report
2into3 today launched their annual Giving Ireland report. It gives a detailed analysis and insights on fundraising in 2018.
Formerly known as “The Irish Not-for-Profit Sector: Fundraising Performance Report”, this year’s report, it builds a year-on-year performance insight into fundraising by the non-profit sector in Ireland. It used a representative sample of not-for-profit organisations to chart philanthropic income trends in Ireland.
The report estimates Ireland’s charitable giving to be at €1.24 billion in 2018, with Irish people giving an average of €255 annually, forming 0.38% of Ireland’s GDP. The figures are revealed in “Giving Ireland 2020 - Analysis and Insights on Funding of the Not-For-Profit Sector in 2018” published by Giving Ireland and supported by Quilter Cheviot and BDO.
The report reveals the total fundraised income from private sources in 2018, the fundraising performance and mix of the sector year on year and the cost of fundraising by method. State funding accounted for 52% of the sector’s total income in 2018, an increase of 9% from 2017.
46% of organisations filed abridged accounts in 2018, down from 48% from the previous year but up from 36% from 2016, highlighting a stagnation in the declining rate of transparency, with almost half of accounts remaining as abridged.
Dennis O’Connor, 2into3 Director said “This research shows that our giving levels, while growing, still lag behind our peers significantly and closing that gap would greatly increase the resources available for Irish not-for-profits. In collaboration with Philanthropy Ireland and the sector we would like to address this gap”.
Éilis Murray, Philanthropy Ireland CEO said “Consideration of the findings in this report can contribute to the debate on how we can further develop our giving practices to increase potential benefit for society. While we are predominantly reactionary givers in Ireland, faced with our current reality, we must strive to realise the potential of philanthropy - strategic, planned giving”.
The event was hosted by Deirdre Garvey, CEO of The Wheel.