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The Ireland Funds

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Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gather money for non-profit organizations , it is sometimes used to refer to the identification and solicitation of investors or other sources of capital for for-profit enterprises.

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60-438: The Ireland Funds are a global fundraising network for people of Irish ancestry and friends of Ireland , dedicated to raising funds to support programs of peace and reconciliation, arts and culture, education and community development throughout the island of Ireland. The Funds exist in 12 countries around the world, the largest member of the network being The American Ireland Fund , and, after Atlantic Philanthropies , may be

120-542: A financial endowment . Two characteristics set capital campaigns apart from other forms of fundraising activities. First, "the gifts solicited are much larger than those generally sought during an annual fund". Second, "pledges are emphasized as commitments payable over a number of years convenient to the donor or through the transfer of appreciated real or personal property ". Various types of capital campaigns have been identified. The traditional " brick and mortar " campaign, focused on building construction or improvements,

180-459: A Board of Directors, with operations led by a local regional or executive director. The organisation has had an active website since 1996, with four major relaunches since then. Fundraising Traditionally, fundraising has consisted mostly of asking for donations through face-to-face fundraising , such as door-knocking. In recent years, though, new forms such as online fundraising or grassroots fundraising have emerged. Fundraising

240-514: A connection with donors, often younger, engaged, and loyal. There are two dimensions to Fundraising – Donor Acquisition and Donor Retention. Donor Acquisition refers to acquiring or addition of new donors. Donor Retention, as the name implies, refers to retaining of existing donors. The efforts of the Fundraising team should be primarily focused on acquisition, while also ensuring that acquired donors are retained as happy repeat donors. It

300-535: A couple or household, and standard deductions are not available for donations. The most recent year of available data is 2020–2021. Analysis of the ATO data showed that the total amount donated and claimed as tax-deductible donations in 2020–21 was $ 4.39 billion (compared to $ 3.85 billion for the previous income year). This constitutes an increase of 14.19 per cent or $ 545.72 million. The average tax-deductible donation made to DGRs and claimed by Australian taxpayers in 2020–21

360-414: A credit or debit card, while 12% prefer to give by bank/wire transfer, and only 8% choose to donate in cash. 51% of donors are enrolled in a recurring giving program with 87% of recurring donors opting to give monthly. Worldwide, 45% of donors donate to crowdfunding campaigns that benefit NPOs, 13% create online peer-to-peer fundraising campaigns to benefit NPOs, and 60% have donated to an NPO in response to

420-506: A donation is an "imperfect contract void for want of consideration." Only when the donation is made does it acquire legal status as a transfer or property. In politics, the law of some countries may prohibit or restrict the extent to which politicians may accept gifts or donations of large sums of money, especially from business or lobby groups (see campaign finance ). Donations of money or property to qualifying charitable organizations are also usually tax deductible . Because this reduces

480-574: A fundraiser) is an event or campaign whose primary purpose is to raise money for a cause, charity or non-profit organization . Fundraisers often benefit charitable, non-profit, religious, or non-governmental organizations , though there are also fundraisers that benefit for-profit companies and individuals. Special events are another method of raising funds. These range from formal dinners to benefit concerts to walkathons . Events are used to increase visibility and support for an organization as well as raising funds. Events can feature activities for

540-454: A longer fundraising program based on a long-term analysis of the organization's needs and direction. This form of campaign can wrap together capital projects, endowment and operating expenses as its purpose, and use a variety of fundraising activities, such as annual gift drives, which are "slower-paced and lack the intensity of the traditional capital campaign". Some non-profit organizations demonstrate greater accountability by showing donors

600-403: A popular fundraising method over the last few years due to its accessibility. Fundraising organizations are developing technical options like mobile apps and donate buttons to attract donors around the globe. Common online and mobile fundraising methods include online donation pages, text to give , mobile silent auctions, and peer to peer fundraising. Since 2016, online giving has grown by 17% in

660-449: A public appeal. Many non-profit organizations solicit funds for a financial endowment , which is a sum of money that is invested to generate an annual return. Although endowments may be created when a sizable gift is received from an individual or family , often as directed in a will upon the death of a family member, they are more typically the result of many gifts over time from a variety of sources. A fundraising event (also called

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720-441: A return, so their gifts are not included. Additionally, the data does not include giving from trusts or companies or giving by persons overseas who are not Australian taxpayers.  The ATO dataset also does not examine other forms of giving such as time (volunteering) or goods under $ 5,000 in value. Donations are given without return consideration. This lack of return consideration means that, in common law , an agreement to make

780-508: A series of categories based on the amount and frequency of donations. For instance, annual giving and recurring gifts represent the base of a fundraising pyramid. This would be followed by mid-level gifts, planned gifts, major gifts, and principal gifts. More sophisticated strategies use tools to overlay demographic and other market segmentation data against their database of donors in order to more precisely customize communication and more effectively target resources. Research by Peter Maple in

840-525: A way to recognize and promote employee volunteerism. A bequest is a gift that is written into a donor's will that is fulfilled after their death. These gifts can be written in the will itself or added as a codicil (addendum) after the main will has been ratified. These gifts are separated from individual giving by Giving USA to illustrate the importance of Planned Giving, which is a type of fundraising that focuses on asking donors to include charitable gifts in their estate plans. While fundraising often involves

900-403: Is a common mistake to either over-burden existing donors with funding requests or under-serve them to the point of disengagement. For effective fundraising to occur, the systems and operations in place, including reporting, should be organized to ensure that both new and existing donors are not just satisfied, but delighted to support. According to Giving USA 2019, a study of charitable giving in

960-562: Is a significant way that non-profit organizations may obtain the money for their operations. These operations can involve a very broad array of concerns such as religious or philanthropic groups such as research organizations, public broadcasters , political campaigns and environmental issues . Some examples of charitable organizations include student scholarship merit awards for athletic or academic achievements, humanitarian and ecological concerns, disaster relief, human rights , research , and other social issues. Some of

1020-511: Is available from GuideStar . [REDACTED] The dictionary definition of fundraising at Wiktionary Donation A donation is a gift for charity , humanitarian aid , or to benefit a cause. A donation may take various forms, including money , alms , services , or goods such as clothing , toys , food , or vehicles . A donation may satisfy medical needs such as blood or organs for transplant . Charitable donations of goods or services are also called gifts in kind . In

1080-527: Is called planned giving . Charitable giving by individuals in the U.S. was estimated to be $ 286.65 billion in 2017. The established development programs at institutions of higher learning include prospect identification, prospect research and verification of the prospect's viability, cultivation, solicitation, and finally stewardship, the latter being the process of keeping donors informed about how past support has been used. When goods or professional services are donated to an organization rather than cash, this

1140-421: Is called an in-kind gift. A number of charities and non-profit organizations are increasingly using the internet as a means to raise funds; this practice is referred to as online fundraising. In addition, crowdfunding has begun to be used as a method to engage small-donation donors for small, specific opportunities. Comparing traditional and online fundraising, 55% of donors worldwide prefer to give online with

1200-590: Is nearing the record level of 8% from 2010 when online giving spiked in response to Haitian earthquake relief efforts. Steve MacLaughlin notes in the report that "the Internet has now become the first-response channel of choice for donors during disasters and other emergency events." Blackbaud's 2015 Charitable Giving report revealed a 9% increase in online donations compared to 2014. In addition, online giving represented 7% of overall fundraising, with 14% of all online donations made on mobile devices. Donations made on

1260-465: Is not strictly considered fundraising, but rather the result of previous fundraising efforts' investment. The donor base (often called a "donor file" or simply "constituents") for higher education includes alumni, parents, friends, private foundations, and corporations. Gifts of appreciated property are important components of such efforts because the tax advantage they confer on the donor encourages larger gifts. The process of soliciting appreciated assets

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1320-414: Is typically undertaken for one of two broad objectives: Opex (Operational Expenditure) or Capex (Capital Expenditure). Opex includes salary, overheads such as electricity, rent and transport, whereas Capex includes expenses such as infrastructure, equipment or supplies. Therefore, organizations raise funds to support capital projects, endowments, or operating expenses of current programs. Capital fundraising

1380-430: Is when fundraising is undertaken to raise major sums for a building or endowment; generally such funds are kept separate from operating funds. This is often done over a period of time (in a capital campaign) to encourage donors to give more than they would normally give and tap donors, especially corporations and foundations who would not otherwise give. A capital campaign normally begins with a private phase before launching

1440-606: The Pittsburgh Steelers football team, who later served as the United States Ambassador to Ireland . With three goals, "Peace, Culture and Charity", The Ireland Fund appealed for support for Ireland and its people from all Americans, especially those of Irish descent. Rooney himself stated it was established to counter the prominent militant NORAID (Irish Northern Aid Committee), which was routinely accused of using donations to purchase weapons for

1500-669: The United States , in 2007, the Bureau of Labor Statistics found that American households in the lowest fifth in terms of wealth, gave on average a higher percentage of their incomes to charitable organizations than those households in the highest fifth. Charity Navigator writes that, according to Giving USA, Americans gave $ 298 billion in 2011 (about 2% of GDP). The majority of donations were from individuals (73%), then from bequests (about 12%), foundations (2%) and less than 1% from corporations. The largest sector to receive donations

1560-516: The donee . It is possible to donate in the name of a third party, making a gift in honor or memory of someone or something. Gifts in honor or memory of a third party are made for various reasons, such as holiday gifts, wedding gifts, in memory of somebody who has died, in memory of pets or in the name of groups or associations that no longer exist. Memorial gifts are sometimes requested by their survivors (e.g. "in lieu of flowers, contributions may be made to ABC Charity"), usually directing donations to

1620-519: The Association of Fundraising Professionals' Fundraising Effectiveness Project suggests the sector has a long way to go in improving the quality of donor relations. The sector generally loses 50–60% of its newly acquired donors between their first and second donations and one in three, year on year thereafter. The economics of regular or sustained giving are rather different, but even then organizations routinely lose 30% of their donors from one year to

1680-462: The COVID-19 pandemic. Non-profit organizations also raise funds through competing for grant funding. Grants are offered by governmental units and private foundations/charitable trusts to non-profit organizations for the benefit of all parties to the transaction. Charitable giving by foundations in the U.S. was estimated to be $ 66.90 billion in 2017. Charitable giving by corporations in the U.S.

1740-614: The IRA. He stated it wasn't easy at first to persuade the American public already outraged at IRA atrocities to donate to the Funds: "[W]e often had to explain that we were not raising money for bombs." During his visit to Ireland in 1963, United States President John F. Kennedy joined with Irish President Éamon de Valera to form The American Irish Foundation , with a mission to foster connections between Americans of Irish descent and

1800-482: The UK shows that charities generally underinvest in good marketing research spending around a quarter of what an equivalent sized for profit company might spend. Donor relations and stewardship professionals support fundraisers by recognizing and thanking donors, and demonstrating the impact of their donations in a fashion that will cultivate future giving to nonprofit organizations. Recent research by Adrian Sargeant and

1860-510: The USA, Ireland Funds were established in a range of countries, from Ireland itself to Canada (launched 1978), Australia (launched 1987), Great Britain (1988), France (1990), New Zealand (1992), Germany (1993), Japan (1993), Monaco (1998), China (1998) and Singapore (2009). Shared world headquarters for The Ireland Funds were opened in Boston in 1994. With over 100 events annually in 40 cities around

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1920-495: The United States, the sources of funds donated to charities are as follows: *NOTE – This chart does not include government grants, which are technically contracts to perform a service, not a charitable gift. Fundraising is just one of several revenue sources for a nonprofit organization. Additional revenue can come in the form of grants from government agencies, endowments, and sales and services. Income from an endowment

1980-723: The United States. In 2018, digital fundraising accounted for 8.5% percent of charitable donations and 24% of online donations were made on a mobile device in the United States. Organizations in the United States established for charitable purposes are allowed to raise funds from many sources. They are given a specific designation by the Internal Revenue Service (IRS), commonly noted as 501(c)(3) organizations. Other nonprofits such as fraternal associations have different IRS designations, and may or may not be eligible to raise funds. Financial information on many nonprofits, including all nonprofits that file annual IRS 990 forms

2040-474: The case of associations, direct marketing enhances the anonymity and intimacy of donations, but it can also serve as a tool for developing visibility and image. Many associations have transformed their one-time fundraising into automatic withdrawal collections following the example of " Doctors Without Borders ." This progression is similar to that resulting from another form of fundraising introduced in France in

2100-457: The charity. Popular charity fundraisers in major American cities include lavish black-tie gala benefit dinners that honor celebrities, philanthropists, and business leaders who help to fundraise for the event's goals through solicitations of their social and business connections. Often called donor cultivation, relationship building is the foundation on which most fundraising takes place. Most fundraising development strategies divide donors into

2160-407: The cost of an item versus its gift value, such as a $ 100.00 per person dinner, for a $ 25.00 cost meal. Fundraising often involves recognition to the donor, such as naming rights or adding donors to an honor roll or other general recognition. Charity Ad Books are another form of donation for recognition, sponsorship or selling of ads often in an event related program or group directory. Fund raising

2220-581: The country of their ancestry. On St. Patrick's Day 1987, The Ireland Fund and the American Irish Foundation, then led by Arthur William Bourn Vincent, merged at a White House ceremony to form The American Ireland Fund . In 1988, O' Reily declared to The New York Times that the Ireland Fund was raising $ 4 million per year. By July 1993, the group was raising $ 6 million annually, holding 24 events in 12 American cities. This amount

2280-425: The direct impact of their fundraising efforts. This accountability may comes in the form of a vote, where the members select a specific program or charity that they would like their money to go to. Another example is put in place a mechanism which allows donors to contraint usage of funds toward a specific purpose and closely monitor/allow spending to ensure proper usage. Many non-profit organizations take advantage of

2340-450: The donation of money as an outright gift, money may also be generated by selling a product of some kind, also known as product fundraising . Girl Scouts of the USA are well known for selling cookies in order to generate funds. It is also common to see on-line impulse sales links to be accompanied by statements that a proportion of proceeds will be directed to a particular charitable foundation. Tax law may require differentiating between

2400-413: The early 21st century, "street fundraising". Street fundraising involves recruiting new donors in public places, approaching them to introduce the association and propose support for its actions through assured automatic withdrawal donations. Unlike traditional fundraising, it does not collect cash or checks. It usually involves promises of donations. Street fundraising aims to establish a dialogue, create

2460-547: The group at the event by way of placing an ad-like page. Events and their associated fundraisers can be a major source of a group's revenue, visibility and donor relations. One specific type of event is the "ad book" fundraiser, where those who wish to give funds to a fundraising group do so through the sponsorship or statement within a book of advertisements. Online fundraising pages have become very popular for people taking part in activities such as charities and crowdfunding . Those pages facilitate online payments in support of

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2520-433: The group such as speakers, a dance, an outing or entertainment, to encourage group participation and giving. Events can also include fundraising methods such as a raffle or charity auction. Events often feature notable sponsors or honoree. Events often feature a charity "ad book" as a program guide for the event. This can also be another fundraiser providing members, supporters and vendors an opportunity to show their support of

2580-597: The international online giving day #GivingTuesday were up 52% from the previous year. In Australia , donation statistics are made available annually by the Australian Taxation Office (ATO), in the form of detailed tables breaking down the items in the individual tax return by gender , age, income , and state/territory. In Australia, individuals submit an income tax return based on their personal income levels and source(s). Unlike in other Western jurisdictions, income tax returns cannot be submitted as

2640-432: The most common practice of American non-profits is to employ a staff person whose main responsibility is fund raising. This person is paid a salary like any other employee, and is usually a part of the top management staff of the organization. Some non-profit organizations nonetheless engage fundraisers who are paid a percentage of the funds they raise. In the United States, this ratio of funds retained to funds passed on to

2700-649: The most substantial fundraising efforts in the United States are conducted by colleges and universities. Commonly the fundraising, or "development" / "advancement," program, makes a distinction between annual fund appeals and major campaigns. Most institutions use professional development officers to conduct superior fundraising appeals for both the entire institution or individual colleges and departments (e.g. School of Art, School of Math, School of Science, etc... as well as campus institutions like athletics and libraries. ). The number of people involved, often having socialized at such "fund-raisings", will vary widely depending on

2760-407: The next. A capital campaign is "an intensive fundraising effort designed to raise a specified sum of money within a defined time period to meet the varied asset-building needs of an organization". Asset-building activities include the construction, renovation or expansion of facilities (for example, a new building), the acquisition or improvement of land, equipment, or other items, and additions to

2820-647: The non-profit is subject to reporting to a number of state's Attorneys General or Secretaries of state . This ratio is highly variable and subject to change over time and place, and it is a point of contention between a segment of the general public and the non-profit organizations. The term 'professional fundraiser' is often legislated, referring to third-party firms whose services are contracted, whereas 'fundraising professionals' or development officers are typically individuals or staff at charitable non-profits. Although potentially confusing, it's important to note this distinction. Online and mobile fundraising had become

2880-415: The nonprofit sector. The alignment of direct marketing approaches with fundraising is believed to have facilitated its adoption by associations in the mid-1970s. The results obtained through the intensive use of direct marketing techniques triggered increasing interest from associations. While only a few dozen were using major direct marketing channels in 1975, several hundred commonly utilize them today. In

2940-550: The second largest non-governmental donor to Irish causes. The co-founder and for many years global chairman of The Ireland Funds, was businessman Tony O'Reilly . The funds have raised over $ 550 million for worthy causes in Ireland and around the world. In 1976, Dr. Anthony J.F. O'Reilly (Sir Tony O'Reilly ), former CEO of H.J. Heinz Co. (as well as a former Ireland rugby union player), created The Ireland Fund with friend and fellow Pittsburgh businessman Dan Rooney , owner of

3000-520: The services of professional fundraisers. These fundraisers may be paid for their services either through fees unrelated to the amounts of money to be raised, or by retaining a percentage of raised funds (percentage-based compensation). The latter approach is expressly forbidden under the Code of Ethics of the Association of Fundraising Professionals (AFP), a professional membership body. However, by far

3060-422: The size of the institution they sponsor. Equally important are fundraising efforts by virtually all recognized religious groups throughout the world. These efforts are organized on a local, national, and global level. Sometimes, such funds will go exclusively toward assisting the basic needs of others, while money may at other times be used only for evangelism or proselytism . Usually, religious organizations mix

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3120-400: The state's tax income, calls have been raised that the state (and the public in general) should pay more attention towards ensuring that charities use this 'tax money' in suitable ways. There have been discussions on whether also a donation of time should be tax deductible. The person or institution giving a gift is called the donor , and the person or institution getting the gift is called

3180-657: The two, which can sometimes cause tension. Fundraising also plays a major role in political campaigns . This fact, despite numerous campaign finance reform laws, continues to be a highly controversial topic in American politics. Political action committees (PACs) are the best-known organizations that back candidates and political parties , though others such as 527 groups also have an impact. Some advocacy organizations conduct fundraising for-or-against policy issues in an attempt to influence legislation. While public broadcasters are completely government-funded in much of

3240-972: The world, attended by 40,000 people, and raising over $ 550 million since 1976, The Ireland Funds is one of the largest non-governmental organizations helping Ireland; it does most of its work by choosing and contributing to the work of other NGOs. Although The American Ireland Fund remains the largest component of The Ireland Funds structure, there are also chapters still operating in Australia, Canada, China, France, Germany, United Kingdom, Japan, Monaco, Singapore, New Zealand, and Ireland. The Ireland Funds have their world headquarters in Boston, with offices in New York, San Francisco, Dallas, Chicago, Washington D.C., Philadelphia, Toronto, Dublin, London and Sydney. The Ireland Funds are overseen by voluntary directors at various levels, and have regional and global staff. Each country or chapter has its own governance body, such as

3300-574: The world, there are many countries where some funds must come from donations from the public. In the United States less than 15% of local public broadcasting stations' funding comes from the federal government. Pledge drives , a type of annual giving, commonly occur about three times each year, usually lasting one to two weeks each time. Viewership and listenership often decline significantly during funding periods, so special programming may be aired in order to keep regular viewers and listeners interested. The techniques of direct marketing have been adapted in

3360-455: Was religious organizations (32%), then education (13%). Giving has increased in 3 out of 4 years since 1971 (with the occasional declines occurring around recession years). Blackbaud reports that, in the US, online giving in 2012 grew by 11% on a year-over-year basis. The percentage of total fundraising that comes from online giving was about 7% in 2012. This was an increase from 6% in 2011 and

3420-468: Was $ 1,047.27 (compared to $ 886.75 in the previous income year). This is an increase of 18.10 per cent. The ATO data in no way represents all gifts, being limited to giving by individual taxpayers to DGRs. Furthermore, not all gifts will be claimed, either due to forgetfulness or a conscious decision not to claim.  Broadly speaking, those whose income is derived from their superannuation (personal retirement savings) are not required to pay tax or submit

3480-453: Was considered a "once in a lifetime" campaign in the past because of the ambitious goals of the campaign. Today, however, organizations frequently schedule capital campaigns every five to ten years, and "the megagoals announced by large institutions often are the result of 'counting everything' during a five-to seven-year campaign period". A second type of campaign is the comprehensive, integrated, or total development campaign , which aims for

3540-456: Was estimated to be $ 20.77 billion in 2017. This consists of corporate grants as well as matching gift and volunteer grants . 65% of Fortune 500 companies offer employee matching gift programs and 40% offer volunteer grant programs. These are charitable giving programs set up by corporations in which the company matches donations made by employees to eligible nonprofit organizations or provides grants to eligible nonprofit organizations as

3600-548: Was in stark contrast to NORAID's $ 3.6 million donations from 1970 to 1998 and equal to the IRA's annual $ 2-10 million derived from criminal and legitimate activities across Ireland in the 1970s-1990s. The Ireland Funds, through The American Ireland Fund , formed a network of fundraising chapters in additional cities across the United States as including Boston , Chicago , Palm Beach , New York City , Dallas , Denver , San Francisco , San Diego , Philadelphia , New Jersey and Washington D.C. In parallel with expansion within

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