Has your organisation seen a drop in funding due to COVID-19?

In Blog, News by Denis Naughten

You may be eligible to avail of funding through a €40 support package for Community and Voluntary Organisations, Charities and Social Enterprises

The purpose of this funding is to help alleviate funding challenges faced by organisations most in need

A large number of these organisations are providing critical services to vulnerable individuals and groups in society arising from the COVID-19 crisis. Many of these organisations now find themselves in financial difficulty as fundraising efforts, commercial activities and other services they rely on have been curtailed due to the ongoing crisis.

The €40 million funding package is being made available through the Dormant Accounts Fund, which is specifically set aside to support initiatives which will benefit the most disadvantaged groups in society.

The package consists of:

A €35 million ‘COVID-19 Stability Fund’ which will provide a level of support to qualifying organisations who are most in need and have seen their trading and/or fundraising income drop significantly during the crisis; and

A €5m Government commitment to a Philanthropy Fund, (Innovate Together) which will focus on supporting responses to the COVID-19 crisis that require innovative and adaptive solutions to existing and emerging challenges.

on foot of the crisis.

Full details of the Philanthropy fund can be found at https://drcd.cloud.gov.ie/apps/eDhttps:/www.gov.ie/en/publication/12ca62-the-innovate-together-fund/ocs/S/RCDCS002/Files/RCDCS002-002-2019/Press%20Events,%20Releases%20Notifications/2020/05%20May/200508%20Stability%20and%20Philanthropy%20Funds/200507%20Stability-Philanthropy%20Funds%20pr.final.docx


Full details of the Stability fund can be found at https://www.gov.ie/en/publication/b1a7b9-covid-19-community-voluntary-charity-and-social-enterprise/