Catherine Murphy
Question:474. Deputy Catherine Murphy asked the Minister for Education and Skills the estimated full-year cost if the budget for Royal Irish Academy of Music increased by 5%. [18459/20]
View answerTuesday, 28 July 2020
Questions (474)
Written answers
The Royal Irish Academy of Music (RIAM) is an autonmous institution and is not a designated institution under the Higher Education Authority (HEA). RIAM therefore receives funding (pay and non-pay) directly from the Department and the purpose of this provision is to assist the Academy in meeting their general running costs.
The 2020 allocation is €3,282,000, a 5% increase in this allocation would be €164,100.
The Academy also receives income from other sources such as tuition and examination fees, philanthropic donations, music fees, returns from investments, subscriptions etc.