ANNUAL REPORT In 1976, , owner of the Steelers football team and the former U.S. Ambassador to , along with fellow Pittsburgh-based business- man Sir Anthony O’Reilly, created what was then The Ireland Fund. The Ireland Fund and the American Irish Foundation, founded by Irish President Eamonn De Valera and U.S. President John F. Kennedy, merged at a White House ceremony on St. Patrick’s Day 1987, to form what is today, The Ireland Funds America.

The Ireland Funds is a global philanthropic network established in 1976 to promote and support peace, culture, education and community development throughout the island of Ireland, and Irish-related causes around the world. With chapters in 12 countries, The Ireland Funds has raised over $550 million for deserving causes in Ireland and beyond, benefiting more than 3,000 different organizations. —Kieran mcLoughlin,Worldwide President&ceo, TheIrelandfunds ThAnK YOu FOr AdVAncInG ThIsmIssIOn sOGenerOuslY ThrOuGhOuT2016. achieve aprosperousandpeacefulisland. ers, Tony O’Reilly andthedearly DanRooney, departed whichistohelpthepeopleofIreland relevant. However, theonethingthatremains constant isthemission setoutforusby ourfound- Withthisinmindandaswe celebrated throughout2016,we our40thanniversary Many thingshave andwillchange,new needswillemergeandnew methodologieswillbecome began planning for the in shape 2026. of this organization by the time of its 50th anniversary substantial ofanyfundraising endowment iscriticaltothelong-termofsustainability foundation. our Young oftheBoard.A Leaderscontributedtotheendowment inresponsetothegenerosity vote ofconfi denceinourfuture.Speakingoffuture,Iamdelightedtoaddthatanumber by almost 50%.Thefactthattheseinvestments inourfuturearebeingledby ourBoardisagreat Most importantly, of our donors, we led by increased the value the generosity of our endowment Throughouttheyear we alsodelivered onourDevelopment Program tostrengthen the of thenew communicationsandbranding strategy includinganew website andmarketing assets. ofourorganization.Thisincludedtheappointmentnew developmentcapacity staff, rollingout throughoutreachandadvocacy.nity 370 new jobstoALONE, oflifeforIreland’s anorganizationimproving thequality eldercommu- Such projectsranged fromMusicGeneration whichhasengaged40,000childrenandcreated 336projectsdoingoutstanding work acrosssupport theislandofIrelandandIrishcausesabroad. of the fi rst year oftheCampaignin2009.Most importantly, therevenue of2016 enabled usto theincome notingthat2016delivered twice age annualincomeoftheCampaign.Itisalsoworth tremendous outcomeandexceeded theBoard’s alreadyambitiousobjective tomaintaintheaver- However, thatourdonorsbucked thistrendandinfact,2016 we arepleasedtoreport income during the years of the Campaignfrom 2009-2015. Our donors’ enabled this generosity delivered totalannualrevenue of$25millionwhichwas $1millionaheadoftheaverage annual nizations experience a15%to50%reductioninrevenue immediately afteracampaignconcludes. 2016 was the fi rst year after thecompletionofour Promising IrelandCampaign. Typically, orga-

LETTER FROM THE WORLDWIDE

1 PRESIDENT & CEO The Ireland Funds Impact 820 grants were made in 2016. The impact of our donors’ philanthropy and investment was felt across 336 projects such as:

The Ireland Funds’ vision is of peace, equality and opportunity across the island of Ireland and among Irish communities worldwide. AcrOss IrelAnd And ArOund The WOrld, The IrelAnd Funds Is:

Creating jobs

Promoting Irish art & culture

Protecting the environment

Advancing social entrepreneurship

Strengthening transparency & accountability in the non-profi t sector

Providing inner city after-school programs

Bringing meals to thousands of people on society’s margins

Providing access to education

Helping the homeless

Ensuring the next generation is a music generation

Providing guide dogs for those with disabilities

Promoting dialogue across communities in

2 The Ireland Funds Impact 820 grants were made in 2016. The impact of our donors’ philanthropy and investment was felt across 336 projects such as:

Support for Foodcloud hubs enabled them to cross the milestone of providing for over Young people from 21 2 mIllIOn meAls counties participated in the Washington Ireland Program FOr PeOPle In need delivering over 6,000 VOlunTeer hOurs 2m with community partners upon return to Ireland/ Northern Ireland

Funding for Grow It Yourself cottage markets is bringing 20 new markets that improve social and economic outlooks to communities across Ireland

specialisterne was able to increase its assessment and training for 80 adults with Autism Spectrum Disorder in order to fi nd gainful employment in the technology sector

3 Thank You “The Flagship Grant from The “With support from The “What is so special about “I think sometimes people Ireland Funds couldn’t have Ireland Funds, we have built The Ireland Funds is they can think donating money or come at a better time. We something that will trans- don’t just support the ideas, supporting a cause doesn’t are recognized as being a form the accessibility and they support and believe in actually make a differ- key component to making transparency of a sector the people who push those ence. I think the important Northern Ireland a better that has, until now, been ideas. To receive support thing to take away is that it place. The grant makes such hidden in plain view. We from The Ireland Funds is a does. It changes lives. The a difference for us. Peace- present the maximum real stamp of approval that Ireland Funds’ support dem- Players is a great program amount of available data in we can carry with us to other onstrates that people care. but none of that could have a neutral and impartial way potential funders. Thank you It’s real money, going to real happened without the sup- to support better-informed for believing in us, and for services, for real people.” port of The Ireland Funds.” decisions and to help build giving the history of Ireland’s — Sean Moynihan, — Gareth Harper, Managing public trust.” — Patricia Quinn, capital back to her people.” CEO of ALONE Director of PeacePlayers Managing Director of Benefacts — Trevor White, Founder of Northern Ireland The Little Museum of Dublin

4 In 2016, The FOllOWInG OrGAnIZATIOns Were AmOnG ThOse AssIsTed BY The IrelAnd Funds AmerIcA.

174 Trust Dublin International Irish Hospice Foundation Roscommon County Board GAA Abbey School Piano Competition Irish Immigration Center Rowing Ireland Aisling Return to Ireland Project Dublin Jewish Board of of Royal Academy America Alfred E. Smith Memorial Guardians Irish International Saint Ignatius School Foundation Dublin Simon Community Immigrant Center Science Gallery International Alliance Francaise Dublin Dublin Talmud Torah Irish Men’s Sheds Self Help Africa American Irish Historical Society Eithne and Paddy Fitzpatrick Association Shalom Centre for Archbishop Marsh’s Library Memorial Fund Irish Repertory Theatre Confl ict Reconciliation Ashoka Enable Ireland Irish Society for the Prevention Sharing Point Association of Professional Enniscorthy Rugby Club of Cruelty to Children - ISPCC Sober St. Patrick’s Day Dancers in Ireland Fighting Words Jack and Jill Children’s Foundation Atlantic Challenge Ireland First Presbyterian Church Foundation Social Entrepreneurs Ireland Barnardos of Jewish Home of Ireland Social Innovation Fund Ireland Barretstown Flax Trust Job Path Society of Saint Vincent de Paul Baseball Ireland Focus Ireland John F. Kennedy Center Solas - Galway’s Picture Belvedere College FoodCloud Hubs for the Performing Arts Palace Teoranta Belvedere Youth Club Frances Pope Memorial Fdn. John F. Kennedy Library Somerset County YMCA Benefacts Friends of Londiani Foundation Special Olympics Ireland Bethany College Friends of St Lukes Kerry GAA Centre of Excellence St. James’s Hospital Foundation Blackrock College Friends of the Missionary Little Museum of Dublin St. Jarlath’s Diocesan Trust College Sisters of the Holy Rosary Lyric Theatre St. Matthew’s National School Boston Health Care for the Killeshandra Inc Make-A-Wish Ireland St. Patrick’s Cathedral Homeless Program Front Line - The International Making Connections Landmark Foundation Boys and Girls Clubs of Foundation for the Protection Mallow Day Care Centre St. Patrick’s Day Foundation Dorchester of Human Rights Defenders Mark Pollock Trust St. Patrick’s Mental Brother Rice High School Future Voices Ireland Mary Immaculate College Health Service Camp Harbor View Gaelic Players Association Mary Robinson Library / Victoria Suicide and Crisis Center Campaign for Catholic Schools Gaelscoil na gCeithre Máistrí House Foundation of North Texas Cardinal Hayes High School Galway Hospice Foundation McAuley Place Temple Street Children’s Care After Prison Genio Michael McCarthaighs University Hospital Catholic Schools Foundation Glenstal Abbey Juvenile GAA Club The Gate Theatre ChangeX GOAL MyMind Centre for The Prince of Wales Foundation Chernobyl Children’s Project Gonzaga College SJ Mental Wellbeing The Rory McDonagh Trust Children’s Medical Ground Zero 360 Na Piobairi Uilleann The Soar Foundation Research Foundation Harvard Business School Narrative 4 / Tides Center Thomas F. Meagher Foundation ChildVision, National Education Haven Community National College of Ireland, Thoor Ballylee Development Centre for Blind Children Foundation Early Learning Initiative Trinity College Dublin Cill Rialaig Project Limited HeartShare National Gallery of Ireland Ulster University Foundation Cinemagic Hello World Foundation t/a Native Woodland Trust Undergraduate Awards Cnoc na Gaoithe-Tulla Comhaltas CoderDojo Foundation NEO Philanthropy University College Cork Cultural Centre Holy Family Boxing Club New York Irish Center University College Dublin Community Foundation Institute of Cultural Studies - No Greater Sacrifi ce Foundation University of Limerick for Northern Ireland Rostrevor Choral Festival NUI Galway University of St. Thomas- Concern Worldwide Institute of Technology Tralee NYU Glucksman Ireland House Center for Irish Studies Congregation of Sisters of Integrated Education Fund O’Hanlon Park Boxing Club US-Ireland Alliance St. Joseph of Boston International Charity Bazaar Origin Theatre Company Washington Ireland Co-operation Ireland International School of Dublin Our Lady’s Hospice Program Cork Foundation Ireland Institute of Pittsburgh Pancreatic Cancer West Cork Music Corrymeela Community Ireland US Council Research Fund Wexford Festival Opera Cuan Mhuire NI Foundation, Inc. Peter McVerry Whitegates Community Cystic Fibrosis Ireland Irish America Business Philanthropic Ventures Business Daisyhouse Housing Association Chamber and Network Foundation Wicklow Hospice Foundation Dance Research Forum Ireland Irish American Cultural Institute Philanthropy Ireland Women for Election Darrah Carr Dance Irish Arts Center Police Conference of New York Women in Business NI DIT Dublin Institute of Irish Cancer Society Pushkin Trust Technology Irish Children’s Museum Ranelagh Multi- Dr Crokes GAA Club Irish Film Festival Denominational School Druid Theatre Company Irish Georgian Society Rights Watch UK Dublin City University Irish Guide Dogs for the Blind Rory Staunton Foundation

5 “When it comes to idealism that inspires, The Ireland Funds provides a perfect model. You have been our friends and champions, in good times and in bad. Through your continuing “The American Ireland Fund has support for Ireland, you have been deepened the relations between instrumental in promoting peace, our countries, and has created equality and opportunity across justice, opportunity and hope the island of Ireland and among for many people who didn’t have Irish communities worldwide.” them.” — Senator George Mitchell — Leo Varadkar, An Taoiseach of Ireland

6 “Throughout its history, The Ireland Funds has been an unfaltering supportive partner on the long, slow, sometimes frustrating and often arduous journey towards peace. Along the way, many brave steps were taken and much generous support given. As an organisation, you have made an incredible contribution to bringing enduring peace and stability to the island of Ireland. Your involvement extends today far beyond the peace process to a broad range of worthy projects that seek to tackle disadvantage, promote arts and culture, advance education and promote community development throughout the island of Ireland. By bringing together a huge network of committed people with a genuine passion for Ireland, you have gathered a momentum and a meitheal which has nudged the trajectory of history away from the dark of dysfunction and into the light of hope.” — Mary MacAleese, former President of Ireland

“The projects you undertook, the terrifi c opportuni- ties you gave to individuals and communities have changed lives and life across our country. They include integrated education which educates Catholic and Protestant children together in Northern Ireland and rescuing them from the prejudice of the past. The peace you pursued brought dignity, prosperity. Time and again the cultural projects you believed in unearthed our true riches.” — Enda Kenny, former Taoiseach of Ireland

7 Financials

The Ireland Funds America is committed to supporting projects across the island of Ireland that promote education, cultural and community development and peace and reconciliation. Through the generosity of donors linked to Ireland by interest, ancestry and compassion, The Ireland Funds America provides ongoing support to organizations whose initiatives directly serve the people of the island of Ireland. Thanks to the generosity of our donors, The Ireland Funds America awarded more than $15 million in grants and program services to 336 worthy projects in 2016 across the island of Ireland and Irish communities worldwide.

9% MANAGEMENT EXP ENSE

9% FUNDRAISING EXPENSE

82% GRANTS & PROGRAM SERVICES

The Ireland Funds America 100 The Ireland Funds America has achieved the high- 95 est recognition for its financial management and corporate governance in the U.S. and has been used 90 4 as a role model for other international diaspora 85 fundraising organizations. 3 We have achieved and maintained a 4 star out of 80 4 star status from Charity Navigator which is based 75 upon Charity Navigator’s detailed and independent review of our financial management and reporting

FINANCIAL SCORE 2 70 structure as well as our corporate governance and 65 transparency policies. Charity Navigator defines this as an “exceptional” designation, with only 5% of 60 American charities having received six consecutive 55 1 4 star awards.

50

45

40

35

30 0

30 35 40 45 50 55 60 65 70 75 80 85 90 95 100

ACCOUNTABILITY & TRANSPARENCY SCORE

8 STATEMENT OF ACTIVITIES years ended december 31

2016 2015 REVENUES, SUPPORT, OTHER CONTRIBUTIONS $25,363,968 $31,218,945

Contributions $ 9,936,185 $18,602,429

Fundraising events $11,473,383 $ 12,008,141 Less: fundraising event expenses $(3,700,710) $(3,160,566) Fundraising events, net of direct costs $7,772,673 $8,847,575

Other income $119,515 $89,390 Net Unrestricted Revenues & Support $17,828,373 $ 27,539,394

Investment income and Foreign Exchange $354,494 $(383,700)

Other Contributions Contributions of art and literary collections $48,250 $103,225 Temporary Restricted Contributions $1,047,103 $525,460 Permanently Restricted Contributions $2,385,038 $274,000 Total Other Contributions $3,834,885 $518,985

Net Revenues, Support, Other Contributions $21,663,258 $28,058,379

GRANTS AND PROGRAM SERVICES

Grant awards $13,403,283 $23,715,120 Other program services $2,356,535 $1,931,245 Total Grants and Program Services $15,759,818 $25,646,365

SUPPORTING SERVICES

General Administration $1,749,065 $1,578,179 Fundraising $1,647,697 $1,444,235 Total Supporting Services $3,396,762 3,022,414

CHANGE IN NET ASSETS $2,506,678 (610,400)

STATEMENT OF FINANCIAL POSITION As of December 31

2012 2013 2014 2015 2016 ASSETS Cash and Investments $11,791,065 $11,135,811 $14,186,728 $14,897,992 $17,022,964 Receivables 1,522,551 834,542 830,607 813,679 3,071,706 Works of art and literature on public display 148,125 292,666 241,691 344,916 219,491 Other assets 790,534 809,572 954,709 901,828 1,038,123 Total Assets $14,252,275 $13,072,591 $16,213,735 16,958,415 21,352,284 Grant Thornton, LLP, ­ performed the 2012 LIABILITIES — 2016 audits for Grants and accounts payable $2,725,386 $2,232,457 $3,596,011 5,177,262 6,866,435 The American Ire- Accrued liabilities 301,650 210,550 123,749 115,304 184,752 land Fund. To review Deferred revenue 17,000 72,455 278,526 60,800 189,370 our audited financial Total Liabilities $3,044,036 $2,515,462 $3,998,286 5,353,366 7,240,557 statements and IRS Forms 990, please visit Total Net Assets 11,208,239 10,557,129 12,215,449 11,605,049 14,111,727 www.irelandfunds.org Total Liabilities and Net Assets $14,252,275 $13,072,591 $16,213,735 16,958,415 21,352,284

Board of Directors

Loretta Brennan Glucksman John Duffy Michael Jackson Chairman Emeritus, KBW Palm Beach, Florida The Ireland Funds America New York, New York New York, New York Adrian Jones John ‘Jack’ P. Dunfey Goldman Sachs & Co. Patrick Broe The Dunfey Family Group New York, New York The Broe Companies Boston, Massachusetts , Colorado John B. Kane Irial Finan Honorary Consul General Jeremiah Callaghan The Coca-Cola Company Aspen, Colorado New York, New York Atlanta, Georgia Shaun T. Kelly Liam Casey Anne Finucane KPMG LLP PCH International Bank of America New York, New York San Francisco, California Boston, Massachusetts Michele Kessler Thomas Codd John Fitzpatrick The Kessler Family Foundation PricewaterhouseCoopers Chairman, The Ireland Funds America Palm Beach, Florida Dallas, Texas Fitzpatrick Hotel Group NA New York, New York Lesley King Grenier Christopher M. Condron Boston, Massachusetts – retired Ambassador Elizabeth AXA Financial Incorporated Frawley Bagley John T. Lynch New York, New York Washington, D.C. New Age Media enterprises, LLC John M. Connors, Jr. Michael P. Gallagher San Diego, California The Connors Family Office Duane Morris Boston, Massachusetts Philadelphia, Pennsylvania Jack Manning Boston Capital Corporation Joseph E. Corcoran Ken Gorman Boston, Massachusetts Corcoran Jennison Companies Apollo Tennis Ventures Boston, Massachusetts Longboat Key, Florida Tara McCabe Morgan Stanley Thomas Corcoran Harry Hartford New York, New York Corcoran Enterprises Causeway Capital Management Potomac, Maryland Los Angeles, California Dolores L. McCall McCall Oil and Gas Kevin Curley Denis J. Healy Midland, Texas Curley Financial Group, LLC Turtle Wax, Inc. Dallas, Texas Willowbrook, Illinois Robert McCann UBS Americas Susan Davis Michael Higgins ­New York, New York Susan Davis International CIBC World Markets Washington, D.C. New York, New York William S. McKiernan WSM Capital LLC Lore Moran Dodge Joseph L. Hooley Los Gatos, California Palm Beach, Florida State Street Corporation Boston, Massachusetts 10 Life Trustees

William J. McNally, Esq. Thomas P. O’Neill III Netta Blanchard Denis Kelleher The McNally Group O’Neill & Associates Dallas, TX New York, NY Hingham, Massachusetts Boston, Massachusetts Brian P. Burns Daniel F. Mulvihill Eugene M. McQuade Sir Anthony O’Reilly Palm Beach, FL San Diego, CA – retired Fitzwilton Citigroup Charles U. Daly Pat Rooney Dublin, Ireland ­New York, New York Chatham, MA West Palm Beach, FL

Lady O’Reilly Thomas F. Meagher, Jr. Maryon Davies Lewis Tim Rooney GCM Grosvenor Orion & Global San Francisco, CA Yonkers, NY , Illinois Chartering Company New York, New York Henry Feeley Shirley Ryan Angela Moore Chicago, IL Winnetka, IL Ravensdale Capital, LLC Thomas C. Quick Washington, D.C. First Palm Beach Properties, Inc. Jon K. Folan Palm Beach, Florida San Francisco, CA Bartholomew Murphy Murphy Investments Thomas J. Quinlan III San Francisco, California LSC Communications New York, New York Shane Naughton Inundata Ventures Paul S. Quinn, Esq. New York, New York Nossaman LLP Duncan Niederauer Washington, D.C. Mountain Top Advisory Group New York, New York Robert Reynolds Putnam Investments Officers Michael D. O’Halleran Boston, Massachusetts Aon Benfield Chairman Chicago, Illinois G. Craig Sullivan John Fitzpatrick San Francisco, California The Ireland Funds America Ronald P. O’Hanley

State Street Global Advisors EJ Tracy Treasurer Boston, Massachusetts Tracy Industries Christopher M. Condron Santa Ana, California The Ireland Funds America Sheila O’Malley Rockfleet Media, Inc. Mark Tuohey Secretary Palm Beach, Florida Mayor’s Office of Legal Counsel Sheila O’Malley Washington, D.C. The Ireland Funds America Thomas E. O’Neill Treehouse Foods Worldwide President and CEO Kieran McLoughlin Chicago, Illinois The Ireland Funds “The American Ireland Fund is a further exemplar of those values of openness, generosity and hospitality. You are recognized as one of the most dynamic and successful diaspora and philanthropic organizations in the world. We are proud of the work you do and thank you for doing it. It is making a real difference to the lives of people on the ground, many of whom are still feeling the effects of the fi nancial crisis which affl icted us in recent years. I want you to know that your work is deeply appreciated at home in Ireland. ”

— PRESIDENT OF IRELAND, MICHAEL D. HIGGINS Thank You

The Ireland Funds’ mission is to harness the power of a global philanthropic network of friends of Ireland to promote and support peace, culture, education and community development across the island of Ireland and among Irish communities around the world. www.irelandfunds.org