The challenge facing the Trust is huge. Many properties across Ireland are at risk and substantial investment is needed to save them and open them up for everyone to visit and enjoy. We know that this investment is worthwhile from worldwide research confirming the long term social and economic benefits this type of property produces for local communities.
Every property will be different; however, we will raise the money needed through a combination of private donations, grant aid, commercial opportunities and membership subscriptions.
The creation of the Trust has been a partnership between the private sector and government. We are fortunate that the Department of Environment, Heritage and Local Government is providing grand aid to meet the establishment and initial operational costs of the Trust and also grant aid towards the endowment funds for the first five properties. Without this support the Trust could not grow at the rate required to deliver the anticipated benefits or indeed be in a position to save many of the properties already identified as at risk.
Each property acquired by the Irish Heritage Trust will initially be accompanied by, or provided with an associated endowment fund sufficient to conserve, maintain and present properties to the public into the future. The State is also supporting the Trust by offering donors of properties tax relief.
The proportion of the State's contribution will reduce as more properties are acquired by the Trust and as more income is raised. Some properties will lend themselves to sensitive commercial development, helping to maximise income, however, these initiatives will not fully support the operations and we will be seeking grants and donations in order to provide funding for the initial endowment funds. If you are interested in donating to the Trust, please contact us.
