Lets Fund It – Pictured above are David Walsh, Stephen Ryan-Doyle and Adam Kinsella.
Lets Fund It – A New Charity in Limerick is Registered
Limerick has welcomed a new addition to its list of registered charities. The new charity is called Lets Fund It. The group was set up in 2019 by four friends from Limerick. The inspiration for the charity came from a desire by these friends to help Irish charities and charity service-users in a practical and transparent way. As of May, this year, Let’s Fund It is a registered charity.
Let’s Fund It uses donated funds to purchase goods and services on behalf of charities. The goods and services that are purchased go directly to benefit charity services users. The inspiration for LFI stemmed from a desire to help these charities and their charity service-users in a clear, practical, and transparent way. LFI aims to achieve this through more tangible means rather than direct financial donations.
LFI strives to keep administration costs as low as possible and reserves the majority of its funding for charitable donations. For example, in 2020, 99.2% of the expenditure of Let’s Fund It, went directly to the purchase of goods and/or services on behalf of charities.
Since registration, the new charity has launched their own website and social media accounts to publicise their donations and grow the charity’s reach and awareness. Let’s Fund It have also been busy at work and have donated over €1,100 worth of equipment to three Limerick charities: Deel Animal Rescue, Limerick Treaty Suicide Prevention and Limerick Animal Welfare. Limerick Treaty Suicide Prevention received six 25 metre throwlines worth €400, while both animal welfare charities received donations of pet food and equipment.
Let’s Fund It will release their annual report that will be publicly available in December. The report will describe every donation of goods/services made to benefit Irish charity service users while also outlining where donated funds were spent. Let’s Fund It pledges to keep administration costs as low as possible to ensure the majority of donated funds are spent on donations of goods and services to Irish charities service users.
Since 2019, Let’s Fund It has donated equipment to other Limerick charities such as Milford Care Centre, St. John’s Hospital and toys and supplies to the Children’s Ark ward in University Hospital Limerick.
“By purchasing goods and services on behalf of Irish charities, Let’s Fund It provides full donation transparency to its donors. We hope our registration with the Charity Regulator will help us build a relationship with our donors and reaffirm our position as an open, honest, and hardworking charity.” said Chairperson Stephen Ryan-Doyle
“The mission of Let’s Fund It is to ensure that donations it provides will directly benefit the charity services users, ” said charity secretary David Walsh.
While Let’s Fund It is a small charity, it hopes to make a big impact.
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