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15connect 2016 the Irish economy was in free- fall. From the dizzy heights of the Celtic Tiger unemployment and the national debt trebled and that scourge of Irish society mass emigration returned. It is estimated that at the height of the nancial crisis a person left Ireland every eight minutes. The economic statistics were frightening and the prospects for people seemed bleak. The worst prognosis was that it would take two decades for the country to recover from such a tumultuous decline. Of course as we all know Ireland has recovered remarkably since then. This is a result of the resolve and resilience of the Irish people. Today unemployment and the national debt have been cut by a third and this year net immigration will be experi- enced again. By any measure the Irish re- covery is extraordinary. However this could never have been foreseen at the height of the crisis and we at The Ireland Funds felt we had to respond. The best way of doing so was to sup- port the not-for-prot sector as its work was going to be of even greater importance. As the needs of Irish people across society grew and with cutbacks in public spending being so dramatic we launched The Promis- ing Ireland Campaign. Our objective was to raise 100 million by doubling our annual income. We did so of course at a time when the rest of the world was suffering and need across our donor network had intensied. That said and despite that the response from our donors was simply magnicent. Whereas only 12 of American not-for- prot organizations recorded a surplus in 2010 it was clear our income was climb- ing very steadily. In fact it was one of our best years ever up to that point. And so our donors gave and continue to give. As they did we were able to support more and more charities across Ireland. For the rst time we were able to introduce Flagship Grants from our discretionary sources. These larg- er grants which are 50000 to 75000 are designed to enable exceptional projects grow to scale and thereafter hopefully at- tract individual donor support. AsthemomentumoftheCampaigngrew the 100 million target came into sight. Then something remarkable happened. We crashed through the target 18 months early. It was tempting to let the Campaign run and take satisfaction in the fact that we had beaten the original target. However our Boards around the world decided that we should test ourselves further and that is when we decided to double our goal to 200 million. That required us to raise 500000 a week. The only way this was achievable was by enhancing our activities at all levels. We held more fundraising and friendraising events three times as many as before the Campaign. Our Young Leaders stepped up with new chapters opening across the world and our new favorite event the Global 5K being introduced. Our individual donors stepped up signicantly. Board Members made annual discretionary gifts on top of their support of annual events of individual projects. The average gift amount increased by91andmostimportantlythenumberof projects we supported grew. The top line number belies the impact the Campaign has had on our organization. As a result our revenues have trebled but more importantly our grant making has quin- tupled while our cost base virtually remains the same. This means that the real suc- cess of the Campaign is that we were able to increase our grant spend considerably. The success of the Campaign is reected in projects such as Music Generation the Ear- ly Learning Initiative and Daisyhouse. They are doing exceptional and impactful work on the ground. However we cannot be com- placent. The fact remains that throughout the Campaign we had to turn down eight out of ten applications for discretionary spend- ing. The demand outstripped our capacity to provide for it. While the recovery of Ireland has been remarkable the economic fortunes of many have been fundamentally damaged with personal indebtedness and inequality at new levels. Therefore we must maintain the momentum of the Campaign. We have committed ourselves to continue to grow our revenues with a view to a new cam- paign being launched to conclude at our 50th anniversary. For now of course we are focused on our 40th anniversary. The mission Tony OReilly and Dan Rooney set out for us remains as compelling and ur- gent as ever. It is a nice coincidence that the Campaign closes as our 40th year be- gins. We are committed to maintaining and deepening the momentum of the Campaign and that will be its true success. Kieran McLoughlin President CEO The Worldwide Ireland Funds 1428 Active Retirement Club 174 Trust Abbey School Abbey Theatre Acquired Brain Injury Ireland Adult Literacy and Basic Education Age Opportunity Age Northern Ireland Age Concern Network of Newcastle and District Aisling Community Center Akidwa A K Ilen Boatbuilding School ALONE Alzheimer Society of Ireland American Irish Historical Society Amber Kilkenny Womens Refuge AnamBeo Anam Cara Parent Sibling Bereavement Support An TaisceThe National Trust for Ireland An CosnThe Shanty Apex Housing Association Derry ARC Healthy Living Centre Ardglass Development Association Ardoyne Holycross Boxing Club Arthritis Care Northern Ireland The Ark Ashoka Ireland AsIAm Athlone Community Radio Atlantic Corridor Autism Speaks Aware Babor International Arts Festival for Children Backstage Theatre Ballinglen Arts Foundation Ballybeg Community Development Project Ballyclare Family Focus Ballyhoura Heritage Environment Ballymacormack Community Development Group Banbridge Arthritis Care Bantry Inshore Search and Rescue Association Barnardos Barretstown Beara Tourism Development Bedford Row Family Project Belfast Beltway Boxing Project BeLonG To Youth Services Belvedere College S.J. Belvedere Youth Club Benefacts Bia Foodbank BirdWatch Ireland Brothers of Charity Clare Blanchardstown Traveller Development Group Blue Box Creative Learning Centre Blue Teapot Theatre Company Bonmahon ParentCarer Toddler Group Boyne Garda Youth Diversion Project Brain Injury Matters NI Bray Area Partnership Bridge21 Bridgeways Family Resource Centre British-Irish Association Blackrock College Building Ballysally Together Burrenbeo Trust Business to Arts The Butler Gallery The Cabbage Patchers Cahoots Northern Ireland Camara Ireland Camerata Ireland Camphill Communities of Ireland Cancer Fund for Children Cardiac Risk in the Young CRY Care After Prison Care Local Carers Association Carers Northern Ireland Carmichael Centre for Voluntary Groups Catholic Institute for Deaf People ChangeX Charleville Castle Heritage Trust Chicago Irish Immigration Support Child Abuse Prevention Programme H E R E I S J U S T A S A M P L E O F T H E M O R E T H A N 8 0 0 O R G A N I Z A T I O N S T H A T B E N E F I T E D F R O M T H E I R E L A N D F U N D S P R O M I S I N G I R E L A N D C A M P A I G N In 2009 F R O M C R I S I S T O C O N F I D E N C E T H E P R O M I S I N G I R E L A N D C A M P A I G N C O N C L U D E S