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Grassroots Grants of almost €150,000 announced this week

In the most recent round of Grassroots Grants (Round 28) the Community Foundation for Ireland has awarded grants totalling almost €150,000 to groups all over Ireland this week.
Grants were made to almost 100 groups for a wide variety of projects supporting vulnerable communities.

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End of Year Donations

The last few weeks of the year brings a significant increase in the level of charitable giving. In part inspired by the spirit of Christmas, the end of tax year also has a part to play. In December 2010 The Community Foundation received €600k in contributions, both for onward distribution to other charities and to establish new endowments.

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Successful Advisors Event

On Monday 17th October 2011 Institute of Certified Public Accountants (CPA) hosted a philanthropy event for professional advisors. It was run in conjunction with The Irish Tax Institute and The Community Foundation for Ireland. The 50 people in attendance got a great insight into the mind of one of the world’s best known philanthropists, Dame Stephanie Shirley.

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High Earners Restrictions - Charitable Donations Down 35% in 2009

In 2009 those affected by the High Earners restrictions in Ireland were able to claim tax relief on just under €2.5m of donations.

Year        People          Donations  
2009        105             €2,443,673
2008         99              €3,744,309
2007         95              €3,354,169

The total donations on which reliefs were given accounted, we believe, for 0.8% of the amount of relief used up in 2009 by those affected by the restriction, i.e. under 1%. Does this suggest that high earners in Ireland could be more charitable or does it suggest that availing of other reliefs may be reducing the level of charitable donations. The answer may be both.
 

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