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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 dementia care, shared education and early years learning. 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.
Over 30 years, his foundation has given $6.5bn (£4bn) to help disadvantaged and vulnerable people. Mr Feeney, 83, does not own a home or a car and wears a $15 (£9) watch.
Atlantic Philanthropies is now making a final round of grants. 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.