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Atlantic Philanthropies' Chuck Feeney in NI grants | Atlantic Philanthropies' Chuck Feeney in NI grants |
(about 1 hour later) | |
A US billionaire philanthropist is providing grants in Northern Ireland for shared education, dementia care 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. |
Mr Feeney, 83, does not own a home or a car and wears a $15 (£9) watch. | |
The largest proportion of the funding will go towards shared education in Northern Ireland, expected to be £25m. | |
Atlantic Philanthropies has been funding the shared education programme in Co Fermanagh for the last five years. | |
The organisation's aspiration is that it will become the norm for Protestant and Catholic children across Northern Ireland to be educated together "rather than the exception." | |
Part of the grant will go towards additional support for youth mentoring, parenting programmes, home visits and early education. | |
Funding will also be provided to improve dementia care, support and raising public awareness. | |
Last month, the foundation gave almost 15m euros (£11.9m) 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. |
Over 30 years, Mr Feeney's foundation has given $6.5bn (£4bn) to help disadvantaged and vulnerable people. | |
Atlantic Philanthropies is now making a final round of grants. |