Oireachtas Joint and Select Committees
Thursday, 22 June 2017
Public Accounts Committee
Dublin Institute of Technology and Cork Institute of Technology: Financial Statements
9:00 am
Dr. Noel O'Connor:
In terms of accountability, there is a clear connection between the foundation and the institute. The president and I, as directors and senior members, sit on the foundation board. In our case, the board is working towards the new code of practice for foundations and charities. All the accounts are on the website. Everything is accessible.
On the point relating to restricted and unrestricted funding for certain projects, there has been a strong emphasis in DIT on a balance around scholarships for students, targeting disadvantage and channelling the funding obtained through the foundation towards improving participation in higher education. A good example of that recently, albeit with a corporate element, is the new access apprenticeship programme trying to improve gender in apprenticeships. It is entirely funded through the foundation.
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