Mr. Jimmy Deenihan:

At least 40% of the funding for the college that was built in Tralee was provided through philanthropy. I know a fair bit about philanthropy because I knew the American market pretty well for projects I was involved with in County Kerry. When I was Minister of State with responsibility for the diaspora, I had a special fund for the traditional universities at that time to develop their alumni process. The TUs in the past were generally small units and they did not have the same structure there. They did not capitalise on it or put emphasis on it in the same way as the traditional universities. Now we are all doing strategies at the moment and the whole alumni aspect of it is one thing I will make sure will be in MTU's strategy. It is very important. I know that from my connection with UL as we are contacted on a regular basis and there is no doubt that it does pay dividends.