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connect 2016 39 The Academy will incorporate the following facilities International sized indoor sports arena Suite of auditoria Hydrotherapy suite Massage suites Teaching gym Aerobic and dance studios High performance gym Student recreation area Performance arena Laboratory facilities We have been approved for 50 Government funding for the project 7.5m and the Foundation is com- mitted to raising the balance of funds 7.5m over the next eighteen months. The Foundation is focusing its fundraising efforts on philanthropic foundations high net worth individuals corporate donors government funding and strategic partners. To date the Foundation has secured 4.75m from these sources. The Founda- tion is now focusing its efforts on raising the remaining 2.75m required. The Institute is a key driver of economic and social development for County Kerry and the surrounding regions. Established in 1977 it has over 3000 full-time students employing 350 staff and providing a nancial contribution of circa 60m to the local economy. At presentundertheauspicesoftheGovernmentitisamal- gamating with Cork Institute of Technology and in 2018 it will become the Munster Technological University. The Institute is proving very popular with Interna- tional students and in 2015 one sixth of the student population 500 were overseas students. Students come from the Middle East China Africa and Europe. They nd Tralee a safe friendly and affordable multi- cultural environment in which to study. As a result of the goodwill that our project has generated at home in the UK and the USA I am condent that we will succeed in achieving our objective and I look forward to welcoming the friends of Ireland to our new facility when they return to County Kerry. DIRECTORS ON THE FOUNDATION BOARD INCLUDE Stan McCarthy CEO Kerry Group Pat OLeary Managing Director Liebherr Container Cranes Kevin Kenny Retired Tax Partner Ernest Young Michael OMuircheartaigh Broadcaster Dr. Oliver Murphy President IT Tralee Brid McElligott Vice President - Research Development and External Engagement IT Tralee They share a great passion to support the economic and social development of their native Kerry and their business acumen energy and enthusiasm is essential to the project.