Philanthropy in the Republic of Ireland
This report from McKinsey & Company aims to better understand the Irish market for philanthropy, determine the effects of recent developments, and develop a set of recommendations on how to increase the level and effectiveness of philanthropic giving in Ireland.
Our analysis reveals significant potential for philanthropic growth in Ireland from private individuals and corporations. While participation rates are quite high, giving levels by private individuals are relatively low and have not kept pace with the increase in wealth. Corporate philanthropic giving in Ireland is also very low; only a few large corporations are actively pushing social investments and even fewer have a department dedicated to corporate giving or a corporate foundation. There is also potential for growth in the foundation sector; Ireland is largely dependent on a small number of limited-life foundations that will cease to exist within the next few years.