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Peter McVerry Trust in Financial Crisis | Cork News
The Peter McVerry Trust, a vital homelessness charity, is navigating a financial crisis after posting a €1.36 million loss in 2024 — despite a €15 million government bailout. A €4 million property impairment, including a €3 million hit on one asset, and a 65% plunge in donations (down to €2 million) fueled the strain, worsened by slashing their fundraising team from 12 to 2 part-time staff and canceling major events. Trustees admit ongoing cash flow woes and uncertainty over future funding due to governance issues, but they’re optimistic: losses have dropped 87% year-on-year, and they project…
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