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Peter McVerry Trust’s Financial Turnaround | Cork News
The Peter McVerry Trust, battling homelessness with a $1.36 million loss in 2024, is rebounding after a $15 million government bailout — but with steep conditions and mounting pressure. A $3.9 million property write-down and a 65% drop in donations (thanks to a slashed fundraising team and canceled galas) have strained finances. Despite governance concerns and uncertain funding, trustees slashed losses by 87% and project recovery by 2027. Meanwhile, 32 government conditions — including transferring 20 properties to local authorities — are slowly being met, with completion expected by late…
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