Irish arts organisations are generating more money from private investment, the Arts Council said today.
Preliminary figures from the first 12 months of the Arts Council's three-year RAISE fundraising pilot show a year-on-year growth of 27 percent amongst the 11 participating arts organisations.
In 2012 some €1.98 million was raised from voluntary income and sponsorship in the organisations, with the figure for 2013 rising to €2.51 million.
The RAISE initiative was launched to build capacity for arts organisations to fundraise effectively. The project is designed to offer organisations tools, skills and resources to increase significantly the investment they secure from private sources.
The data follows the publication last month of Irish Arts Sector - Private Investment Report 2012, which identifies and analyses the level of annual private investment received by Arts Council-funded organisations. The report takes 2012 as its fixed point, making it a useful tool for measuring progress in the area in the years ahead.
The organisations involved in the RAISE pilot are: Irish Film Institute, Galway Arts Festival, Wexford Festival Opera, Royal Hibernian Academy, Na Piobiari Uileann, Chamber Choir Ireland, Ouroborous Theatre, Kinsale Arts Festival, Association of Irish Choirs, Hawks Well Theatre and Irish Architecture Foundation.
Further details of the RAISE Year 1 report
RAISE Pilot: Report on Year 1 (2013)
In 2012 the Arts Council commenced an investment in fundraising capacity building with 12 selected organisations. The RAISE pilot commenced in the last quarter of 2012 and by January 2014 eleven of the selected organisations had completed their individual capacity building programme including the recruitment of eleven fundraisers. Three organisations had a fundraiser in place for more than three months of 2013 so for most organisations 2014 will be the effective 1st year to monitor performance. Notwithstanding this 2012 is considered the base year (Year 0) and 2013 is considered Year 1, 2014 Year 2 and 2015 Year 3. The objective of the pilot is to increase private investment across all eleven organisations by an aggregate €2m over the base year of 2012.
All organisations are obliged to submit monthly monitoring reports on the levels and type of private investment secured in the previous month and year to date. Data is now available which shows private investment income for 2012 and 2013 for all RAISE organisations:
Key results are as follows:
- Private investment in 2012 was just under €2m for RAISE organisations.
- Private Investment for RAISE organisations in 2013 was up 27% or €529k on 2012 to €2.51m
- Voluntary income (Philanthropy) in 2013 was up 56% and Sponsorship up 9% on 2012
- In aggregate the 11 RAISE organisations are targeting to break the €3m level for Year 2 (2014) and target to exceed €4m for Year 3 (2015).
| ||2013||2012||2013 vs||2012|
|All RAISE Organisations||Actual||Actual ||€||%|
|Total Voluntary Income (excl In Kind) ||€1,305,641||€837,620||€468,021||56%|
|Total Sponsorship (excl In Kind)||€637,362||€586,291||€51,071||9%|
|Total In Kind||€569,747||€559,773||€9,974||2%|
|Total Private Investment||€2,512,750 ||€1,983,684 ||€529,066 ||27%|
| || || || || |
Monitoring will continue throughout 2014 and data for Year 2 (2014) of the RAISE Pilot will be published in April 2015.
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