Oireachtas Joint and Select Committees
Thursday, 5 February 2015
Public Accounts Committee
Business of Committee
10:00 am
Mr. Seamus McCarthy:
My predecessor reported on the question of foundations. Many colleges and third level institutions have foundations. We were concerned that if control was exercised over those foundations, their resources should be consolidated and included within the financial statements. Obviously, foundations can be a very useful vehicle for bringing philanthropic resources to the benefit of colleges. It is important that there is clear sight of and accountability for those resources.
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