American Ireland Fund former boss given €385k deal

THE former chief executive of philanthropic organisation the American Ireland Fund (AIF) Kingsley Aikins is receiving $500,000 (€385,832) over five years as part of his severance deal with the organisation.

The payment is disclosed in documents lodged by the fund with the United States tax authorities. They also confirm Mr Aikins’ successor, Kieran McLoughlin, received almost $500,000 in total remuneration from the fund in 2010.

According to the returns recently filed by the AIF, the organisation’s chief executive and president Mr McLoughlin — who took up his post in January 2010 — received $478,460 (€369,210) in 2010 for his work with the organisation.