Saturday 16 December 2017

Day-Lewis project is big winner in fund donation

Actor Daniel Day-Lewis at the site of the planned hospice at Magheramore, outside Wicklow town Photo: Mark Condren
Actor Daniel Day-Lewis at the site of the planned hospice at Magheramore, outside Wicklow town Photo: Mark Condren

Gordon Deegan

The planned Wicklow hospice project, supported by the Oscar-winning actor Daniel Day-Lewis, was one of the big winners after almost €22m ($24m) of funds were donated to Irish causes by the American Ireland Fund last year.

This is shown in new documents lodged by the AIF with the US tax authorities which show that the project received $490,000 in funding from the AIF last year.

To date, some €3.5m has been raised in donations for the 15-bed hospice and its promoters are hoping to go to tender next year, estimating that the hospice will be open by late 2017. The €448,000 ($490,000) donated by the AIF follows a donation of €125,363 ($136,858) in 2013.

The AIF is led by Dubliner Kieran McLoughlin and the documents show that Mr McLoughlin last year received $596,052 (€546,417) in pay.

Mr McLoughlin acts as chairman and chief executive of the AIF and his remuneration includes basic pay of $445,820; a bonus of $83,333; pension payments of $26,000; non-taxable benefits of $21,810; and other reportable compensation of $19,089.

The pay to Mr McLoughlin is a 11pc drop on his 2013 pay of $668,890 that included a bonus of $158,333.

The returns state that Mr McLoughlin's proposed compensation is analysed by an outside compensation consultant who researches and compares compensation data with like positions in similar organisations.

The documents show that the big winner from the AIF grant bonanza last year was UCD, which received €8.2m ($9m).

Irish Independent

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