Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

From listening to what has been said, we have a philanthropy model in Ireland but it is not sustainable. Effectively, 85% of funding came from two sources – Chuck Feeney in Atlantic Philanthropies and the One Foundation. We must come up with a model that is sustainable. What is at issue is the structure of the model and that one spreads it over a large number of philanthropists through The Ireland Fund and other funds. A philanthropy cliff of €50 million a year is coming down the tracks with a threat over the future of a considerable number of worthwhile projects that could be deprived of funding. From what I have heard in the forum’s presentation, the witnesses are looking for a broader model that is sustainable and will work. That is worth exploring.