Oireachtas Joint and Select Committees
Thursday, 8 February 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
9:00 am
Mr. Kevin McCarthy:
It is not a feature generally. It is not a requirement in the administration of the scheme. For example, Social Innovation Fund Ireland was established as a vehicle to try to encourage philanthropy. The commitment from Government was that it would 50:50 match philanthropic donations that Social Innovation Fund Ireland was in a position to generate. In that case, a 50:50 commitment is required and that has been a constraint.
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