BORD na Mona is one of the largest, four contributors to the Institute of European Affairs, the policy research organisation set up by the company's former chairman, Mr Brendan Halligan. Bord na Mona has contributed over £40,000 to the organisation since it was set up in 1989, according to Mr Terry Stewart, the institute's director general. It is expected to contribute a further £10,000 this year.
Mr Halligan, who retired as Bord na Mona chairman last September was not directly involved in the solicitation of funds from the state company, according to Mr Stewart, the approaches were made by another member of the organisation directly to the chief executive, Dr Eddie O'Connor, he explained.
Three other organisations have contributed the same amount as Bord na Mona - the ESB, Aer Rianta and the Irish Permanent, of which Mr Halligan is also a director.
The institute, which rents a house on North Great George's Street that is part owned by Mr Halligan, was set up in 1989 to foster debate on European integration, according to Mr Stewart.
Bord na Mona is one of 42 founding members, including The Irish Times which contributes £5,000 a year towards the organisation.
Bord na Mona is also a supporter of the Institute of European Affairs Trust and has contributed £15,000, towards it. There are 11 other companies supporting the trust.
The purpose of the fund is to finance the further development of the institute, including the purchase of premises, according to Mr Stewart. It currently has £100,000 in a development fund.
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