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Atlantic Philanthropies' Chuck Feeney in NI grants Atlantic Philanthropies' Chuck Feeney in NI grants
(35 minutes later)
A US billionaire philanthropist is providing grants in Northern Ireland for dementia care, shared education and early years learning.A US billionaire philanthropist is providing grants in Northern Ireland for dementia care, shared education and early years learning.
Additional matched funding will be provided by Stormont departments.Additional matched funding will be provided by Stormont departments.
Details of the money, expected to be in the region of £60m, will be confirmed by the first and deputy first minister on Wednesday.Details of the money, expected to be in the region of £60m, will be confirmed by the first and deputy first minister on Wednesday.
It is thought half of this will come from Atlantic Philanthropies, set up by Chuck Feeney.It is thought half of this will come from Atlantic Philanthropies, set up by Chuck Feeney.
The Irish-American made his money in duty free shopping, and pledged to give away his entire fortune in his own lifetime.The Irish-American made his money in duty free shopping, and pledged to give away his entire fortune in his own lifetime.
Over 30 years, his foundation has given $6.5bn to help disadvantaged and vulnerable people. Over 30 years, his foundation has given $6.5bn (£4bn) to help disadvantaged and vulnerable people.
Atlantic Philanthropies is now making a final round of grants.Atlantic Philanthropies is now making a final round of grants.
Last month, the foundation gave almost 15m euros for dementia care and research in the Republic of Ireland, matched by the government. Last month, the foundation gave almost 15m euros (£11.9m) for dementia care and research in the Republic of Ireland, matched by the government.