Bank of Ireland donates €1 million to cost of living crisis response
Bank of Ireland has announced that it will donate €1 million to organisations supporting those most at risk from cost of living pressures. The donation will be targeted to a range of groups including children and families at risk, older persons, those with disabilities, lone parents, international protection applicants and low-income families.
Pictured are Myles O’Grady, Group CEO Bank of Ireland with Denise Charlton, CEO of Community Foundation Ireland along with grant recipients, Focus Ireland’s Director of Services, Ciara Carty and Tanya Ward, CEO of The Children’s Rights Alliance.
Bank of Ireland is donating €1 million to organisations supporting those most at risk from cost of living pressures, The donation will be targeted to a range of groups including children and families at risk, older persons, those with disabilities, lone parents, international protection applicants, and low-income families.
The Bank is making €500,000 available immediately with the remaining €500,000 to be allocated in March. The first €500,000 is being fast-tracked to 12 organisations working with vulnerable groups across the island of Ireland with grants ranging from €25k up to €100k. It will support established, national organisations that are alleviating the cost of living crisis through the provision of a range of practical supports. The second allocation will be divided across approximately 50 smaller non-profit organisations, with average grants of up to €10,000 being distributed in March.
As with previous similar donations, the Bank is working with Community Foundation Ireland. The Foundation has advised the Bank on a wide range of social issues and organisations that require immediate financial support, and is managing the allocation of the funding on behalf of the Bank.
The beneficiary organisations identified by the Foundation who will receive funding from Bank of Ireland in ROI are; The Children’s Rights Alliance, Focus Ireland, Enable Ireland Disability Services, Age Action, One Family, Tribli CLG, Crosscare, Irish Refugee Council, Immigrant Council of Ireland, Children's Rights Alliance. In Northern Ireland, Barnardo's NI, Oasis Caring in Action Antrim, Belfast and Lisburn Women's Aid will receive funding.
Supporting the financial wellbeing of customers, communities and colleagues is a top priority for Bank of Ireland. Advice on budgeting and financial management from Bank of Ireland’s Financial Wellbeing team is available on Bank of Ireland Cost of Living Hub