Irelands Great Hunger Museum Inc

“A majority of irelands great hunger museum, inc.'s collection of art is owned by its sole member quinnipiac university. Works by noted contemporary irish artists are featured in the museum's permanent collection including internationally known sculptors john behan, rowan gillespie and eamonn o'doherty; as well as contemporary visual artists, robert ballagh, alanna o'kelly, brian maguire and hughie o'donoghue. Featured paintings include several important 19th- and 20th-century works by artists such as james brenan, daniel macdonald, james arthur o'connor and jack b. Yeats. The online collection can be viewed at https://www.ighm.org/collection.html. The museum builds and presents its art collection to stimulate reflection, inspire imagination and advance awareness of ireland's great hunger and its long aftermath on both sides of the atlantic. The collection is also used for scholary research. The art collection is comprised of art from the great irish famine, which provides for an enhanced scholarly understanding of significant historical events. Ireland's great hunger museum was closed to visitors in march of 2020 as part of covid-19 protocol. Since that time, the board of trustees has voted the museum will remain closed. In march 2022, the board of trustees voted that quinnipiac university will partner with the gaelic-american club (gac) of fairfield; accordingly, the collection of ireland's great hunger museum will be displayed in a new space to be created by the gac.”

“Endowment funds are net assets with donor restriction. Funds are available to be appropriated for expenses that are in line with the donor's original intent/instruction.”

“Below is an excerpt from footnote 2 of the audited consolidated financial statements for quinnipiac university and affiliates. The internal revenue service has ruled that the university is a section 501(c)(3) organization, exempt from federal income tax under section 501(a) of the internal revenue code (the "irc"). The university has been classified as a publicly supported organization under section 509(a)(1) of the irc and qualifies for the maximum charitable contribution deduction by donors. The university is also exempt from state of connecticut income taxes. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken and recognize a tax liability (or asset) if the university has any uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the university and has concluded that as of june 30, 2024 and 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosures in the financial statements. The university is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Federal tax years ended june 30, 2021 through 2024 remain open for audit under the various statutes of limitations.”