Thursday 21 September 2017

McManus charity has given away €30m

Gordon Deegan

A CHARITABLE foundation set up by businessman JP McManus has donated more than €30m to causes in Ireland and abroad in the last five years.

Accounts filed to the Companies Registration Office show that the JP McManus Charitable Foundation Limited, which has been in existence since 2000, has donated €30.3m between 2007 and 2011.

New figures just filed show that the amount of money donated last year more than doubled to €4.7m from €1.8m in 2010.

The foundation is largely funded from JP McManus's Invitational Pro-Am held every five years; and during 2010, the Foundation received €22m from the Pro-Am.

A prominent figure in the horseracing industry, Mr McManus visits Ireland regularly from his base in Geneva, Switzerland, and is non-resident for tax purposes.

The figures show that in 2009, the foundation donated €10.5m to charitable causes and this followed donations totalling €10.7m in 2008 and €2.4m in 2007.

The organisation is largely funding a €13m medical unit at the Midwestern Regional Hospital in Limerick that will provide lifesaving facilities for people with cystic fibrosis, breast cancer, stroke and other neurological conditions.

The figures for last year show the foundation received submissions from 241 charitable organisations and donated monies totalling €4.77m to 146 of these organisations.

The principal activities of the foundation through its donations is to provide relief from poverty; provide care and comfort to those who are terminally ill; alleviate distress in the areas of drug addiction, human rights and sexual and physical abuse; and to support the provision of education and training.

Mr McManus doesn't sit on the board, but his wife, Noreen, and his daughter, Sue-Ann Foley, are directors.

Irish Independent

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