Celtic Tiger should become “Philanthropic Tiger”

August 29th, 2006

“The benefits from philanthropy to society as well as to donor companies and individuals are to be promoted on Friday, September 8 when Kingsley Aikins, Chief Executive and President of the Ireland Funds, delivers a lecture at Waterford Institute of Technology. [Co. Waterford, Ireland]

“Mr Aikins believes a unique opportunity now exists for the Celtic Tiger to become a ‘Philanthropic Tiger’ and feels many of the conditions are in place for Ireland to enter a golden era of generosity and become one of the leading philanthropic countries in the world over the next decade.

“’Recent estimates indicate there are some 30,000 millionaires in Ireland, even when the value of principal homes is excluded. More than 2,700 of these now have a personal net worth of €5-30m while a further 300 are worth over €30m so there can be no doubting the tremendous wealth that there is in Ireland today …’

“’Indeed, one of the points I’ll be emphasising when I speak at Waterford Institute of Technology is that the benefits of philanthropy and altruism don’t exclusively fall to those in receipt of generous support. Rather, it has been our experience time and again with the Ireland Funds that the donors also draw enormous reward from their giving.’

“Welcoming confirmation that Mr Aikins is to speak in Waterford on the afternoon of September 8, Desmond Miller, Chairman, Advisory Board, Waterford Institute of Technology Foundation said …

‘As global head of the Ireland Funds, a former Executive Director of the American Ireland Fund and founding Director of the Australian Ireland Fund and the Ireland Fund of New Zealand, Kingsley is uniquely qualified to guide us in this regard. The Ireland Funds have secured over US$300m (€235m) during the last 30 years for 1,200 organisations and projects throughout the island of Ireland’.”

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