The International Fund for Ireland is in danger of losing its "international" component.
Though it has yet to be confirmed, it is believed that the recent Rescissions Bill passed by Congress includes a termination for the U.S. financial input for the IFI which has been supporting cross community relations in Northern Ireland since the mid 1980s.
Now the British government is stepping away from its financial commitment to the fund.
As a result Sinn Féin MP John Finucane is expressing "concern" at the British government's cut in funding - this in the light of what he understands as an end to U.S. financial support.
Said a statement on behalf of the North Belfast MP: "IFI was first established in 1986 to promote economic and social progress and encourage reconciliation between communities throughout Ireland.
"Mr. Finucane said he would raise the matter directly with British Secretary of State."
Said Finucane: “It is extremely concerning that the British government is to cut funding for IFI. IFI was established to promote peace, reconciliation and a better future for all communities across Ireland.
“Peace is hard-won and hard-fought. It can never be taken for granted, and crucial funds like this must continue to be supported. The British government should be increasing funding in light of the withdrawal of U.S. support, not imposing further hardship.
“I will be writing to British Secretary of State Hilary Benn, calling for his government to reverse this decision and ensure IFI can continue its vital grassroots-led programmes.”