Irish assets dwindle as Chuck Feeney’s fund nears end

The assets of the Irish arm of Chuck Feeney’s Atlantic Philanthropies have been whittled down to €293,650 as the fund prepares to wind down by year-end.

Mr Feeney, an Irish-American businessman and philanthropist, established Atlantic Philanthropies in 1982 after making his fortune as co-founder of the Duty Free Shoppers Group.

Since 1990 when its Irish office was first opened, Mr Feeney’s philanthropic fund has invested more than €1bn in the Republic, largely in educational projects.