Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 121 Dear Friends and Supporters, I am delighted to report that in 2015 our donors, yet again, really stood up for Ireland. Through their generosity they delivered a great financial outcome for The Ireland Funds which enabled us to provide over $2 million per month for grants and program services throughout the year. Giving in 2015 was accelerated by the fact that, of course this was the concluding year of our Promising Ireland Campaign. The Campaign was our response to the global financial crisis and the devastating impact it had across Ireland. The Irish people, through incredible resolve and resilience, are rebuilding their economy. However, the not-for-profit sector is essential to maintaining the fabric of society. The Campaign was our exercise in contributing to that task. The Campaign which closed off at $226 million, more than twice the original goal of $100 million, enabled us to nearly treble our annual income, quintuple our grant-spending and all on the same cost-basis as the opening year. Our Board, conscious of the convention that immediately after a Campaign there can be a considerable drop in revenues, is determined that we should maintain the momentum of the Campaign. To this end, they are generously investing in the capacity and reach of The American Ireland Fund. We hope that this investment, particularly in our asking capacity, will reap major benefits in years to come and ensure that we contribute even more substantially to the work of Irish not-for-profit organizations. A core part of our mission is to help develop the not-for-profit sector itself. We are doing this through training workshops advising not-for-profit groups. Critically, we are funders of Benefacts, the first resource which is providing the Irish public with an online database of all registered charities in Ireland. This is a long overdue but very welcome enhancement of transparency in the sector. We are proud to be funders of this along with Atlantic Philanthropies and the Irish Government. Indeed, this proj- ect alone demonstrates how private philanthropy is most effective when it works with Government to deliver desired public policy outcomes. In closing I want to thank our donors again for their generosity and I want to congratulate our grantees on the remarkable work that they do across the island of Ireland and Irish communities overseas. Thank you for making 2015 such a great year and enabling us to fulfill our promise to Ireland. Kind regards, K I E R A N M C L O U G H L I N L E T T E R F R O M T H E P R E S I D E N T & C E O O F T H E A M E R I C A N I R E L A N D F U N D