Senator critical of NUI Galway over €57m ‘warchest’


A Galway senator has NUI Galway over revelations that the foundation associated with the college has assets worth more than €57 million.
Money raised through fundraising activities for NUIG, doesn’t form part of the university’s annual accounts.
It’s one of several universities which have foundations which raise funds from private donors to help with research and education.
The Higher Education Authority has previously tried to urge these universities to consolidate all of the accounts associated with funds for the colleges.
NUIG resisted declaring the sums on the basis that it doesn’t control the foundation or trust organisations.
More recently, all colleges have pledged to either consolidate their accounts or make full disclosures on private foundations or trusts.
Sinn Féin Senator, Trevor O Clochartaigh says colleges shouldn’t be appealing for taxpayers’ money if they have the resources themselves.