2025 Business and Financial Summary
We are pleased to present our financial review of 2025; to share how our income was raised and how it was used.
Income and Expenditure Summary
Income |
2025 € |
2024€ |
Donations and Legacies |
1,109,729 |
1,249,096 |
Investments & other income |
4,627 |
5,162 |
Total |
€1,114,356 |
€1,254,258 |
Expenditure |
2025 € |
2024€ |
Direct Charity Purposes |
681,470 |
1,530,377 |
Raising Funds |
5,571 |
4,056 |
Operational Expenditure |
11,799 |
37,783 |
Total |
€698,840 |
€1,572,216 |
For full accounts please see below, or contact us to receive a copy in the post.
Who We Are and What We Do
St. Vincent’s Healthcare Foundation supports patient care, research and medical education across our three hospitals: St Vincent’s University Hospital and St Vincent’s Private Hospital in Dublin and St Michael’s Hospital in Dun Laoghaire. Over 630,000 patients are seen annually and it is they, their families and our dedicated, professional staff that we support.
100% of our income is from voluntary sources, so we are entirely dependent upon those that choose to donate and/or raise funds for us. We are touched by, and grateful for, every person that does so.
Where Our Income Comes From
In 2025 our total income was € 1,114,356, over 99% of which is made up of donations, fundraising, bequests and support. The remaining income, of less than 1%, comes from our bank interest and prize bonds.
Donations and Legacies (69% of overall income)
Once again, the biggest source of income came from our individual donors, many of whom have personal experience of treatment, care and services from the medical teams in our hospitals. We thank everyone that has taken time to give a donation either through our website, by post or in person.
Many of our donors choose to support us with a gift in memory of a loved one and we are always touched by the families that think of us when faced with bereavement. Throughout the year these donations make a significant contribution, particularly for patient care. We hope there is comfort for those coming to terms with loss knowing that others will benefit from this kindness.
We received 5 bequests in 2025 from supporters that took time to consider our work and include a gift for us in their Will. We are always grateful for such kind support and we extend our thanks to families, executors and solicitors who help us with these important donations.
Community Events and Fundraising (18% of overall income)
We are incredibly fortunate to have supporters who step up to organise and participate in fundraising events, appeals and challenges. From running marathons, baking, selling sunflowers, swimming, head-shaving …. and much, much more, we have truly energetic and hard-working voluntary fundraisers who hail from all over the country.
Income from this source has remained steady and is particularly important to us as each event raises awareness as well as funds. Our thanks go to everyone that has chosen to support us in this way and to all their family members, friends and colleagues who have sponsored, donated and purchased to get behind the various events.
Grant Income (7% of overall income)
The educational grants we receive support development and training for hospital frontline staff. We are grateful for these payments and welcome the Hospital Saturday Fund as supporters, who have kindly contributed to our Nurses Education Fund.
Corporate Support (4% of overall income)
We thank our corporate supporters, who in 2025, supported patient care and research in the fields of orthopedics, cardiology, liver, sarcoma and cancer. Included in this income are CIF dividends for St Michael’s Hospital in Dun Laoghaire[1].
[1] CIF “Common Investment Fund, an historic covenant established for St Michael’s Hospital.
How our Funds are Received
As with previous years, most of our funds are given with requests to support a specific hospital or specialty. We are proud to honour such requests as we understand supporters have a personal connection to our staff, a ward team or specialist area of care.
We also appreciate the unrestricted support we receive as this gives us flexibility to use in the most relevant or best ways – for governance, education, research and some of the “behind the scenes” work in hospital laboratories, for example.
In 2025 96% of our income was restricted, 4% was unrestricted.
How We Spent Our Funds
In 2025 our total resource expenditure was €698,840. The vast majority of this, 97%, was used for our direct charitable aims – made through grant payments across our hospitals and medical teams.
Our grant payments were largely paused January – May 2025 due to a gap between our previous CEO and our current Director of Development taking position. This accounts for the drop in the number of grants made in comparison with 2024 and the 55% reduction in this expenditure. However, the period May-December 2025 accounts for 97% of grants made in the year, showing that our processes are successfully up and running again.
In total 40 grant payments were made and this included:
· €160,000 for a new microscope enabling highly specialist “Diep Flap” reconstruction surgery for patients following mastectomy operations, Lymphatic procedures, transplant research and medical staff training.
· €94,200 as payments for the Enda McDermott Simulation Laboratory, covering final build costs and new equipment, for this state-of-the art training facility.
· €49,000 for St. Michael’s Hospital Neo-Probe for surgery.
· €36,000 for Rheumatology research costs.
We are always pleased to support our frontline teams in their continued education, training, development and research. In 2025 our grants supported many teams, including Obesity, Cancer, Intensive Care, Emergency Medicine, Psychology, Infectious Diseases, Haematology and more.
A full list of our 2025 grants can be found on our website, along with all grants from previous years. See www.svf.ie for details.
The cost of generating funds in 2025 was €5,571 with a further €11,799 spent on operational costs (ie, governance, insurance, audit, website, payment platform fees and other charges).
97% spent on charitable aims
2% spent on operational & governance costs
1% spent on fundraising costs
For any information about our fundraising, income and expenditure please contact us at stvincentsfoundation@svhg.ie, or during office hours call us on 01 221 5065.
St. Vincent’s Foundation is registered with the Charities Regulator; number 20001872 and we have the green tick on their website indicating our accounts are filed accurately and on time.
Governance and Compliance
We are committed to treating every donor and fundraiser with the highest level of care and
respect. You matter to us and our full donor charter can be seen on our website, or a hard copy can be requested from us.
We comply with “The Charities Regulator Governance Code” and the “Guidelines for Charitable Organisations on Fundraising from the Public”.
Thank you for your continued support
2019 SVF accounts file