The Arts Council has today published a report, Irish Arts Sector: Private Investment Report, this is the third report in a series which identifies and analyses the level of annual private investment received by Arts Council-funded organisations. The report is based on information submitted by 177 organisations and analyses private investment in 2014. Comparisons to the previous year are also drawn as well as trend analysis comparing 2012 and 2014 private investment levels, making it a useful benchmarking tool on the level of private investment peer organisations are attracting.
The report, prepared by specialist advisors to the not-for-profit sector 2into3, focuses on sponsorship and voluntary income received by arts organisations. It analyses the investment received considering factors such as art form, organisation size and location.
In 2014, Arts Council funded organisations secured €8.6m in private investment with 60 percent from philanthropy and 40 percent from sponsorship. Compared to 2013, voluntary income has increased by 17 percent, while sponsorship increased by 13 percent. The reported total private investment increase is 15 percent.
Download the report here.
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