Marc Ó Cathasaigh (Waterford, Green Party) | Oireachtas source

It is really about helping people to put their best foot forward. The work is often there and it is just about making sure they hit all the scoring parameters in whatever is it, the X, Y and Z.

I enjoyed the line about philanthropy being able to take risks because it is true. Something that prevents people further down the socioeconomic distribution from being able to access capital is that they do not feel they can take the risk in the same way. That line really jumped out at me. The draft national policy on philanthropy is important. I know the Minister of State, Deputy Joe O'Brien, has been active in that area for many years. That level of experience shows in the initiatives he puts forward.

It would be remiss of me not to mention the Tomar Trust. Ms Murray said there are only 100 grant-making trusts. Tomar Trust is very active in my area. An awful lot of projects simply would not have happened without that derisking, support and money to step in to enable people to take something on.

I have a specific question for Philanthropy Ireland. Ms Murray mentioned tax treatment, which is important. Will she give some examples of best practice from other countries as regards how to entice this money out to play, as it were? She spoke about it in terms of intergenerational wealth exchange. We are trying to make wealth work within the community rather than leaving it to one side to accrue interest or whatever else. Will Ms Murray point out best practice examples of tax treatment in other jurisdictions?

On the flipside, in terms of ideological safeguards, it is right and appropriate that somebody making a philanthropic donation will probably have something in particular they want to support. How do we safeguard in that regard? There are all sorts of ideologies, motivating views and opinions but I would like to see safeguards around transparency in particular. If I am allowed, I may come back with a separate question for the Western Development Commission.