Charity Commission releases dormant money for local charities

first_imgCharity Commission releases dormant money for local charities AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 29 October 2003 | News Jon Thorne, the Charity Commission’s Official Custodian for Charities, said: “I’d like to thank the local media for doing anexcellent job encouraging local charities to come forward to claim this money.”Steve Carpenter, chairman of the Avon Sport and Leisure Club for the Visually Impaired agreed. “We’re really glad we heard about the dormant account project as themoney will help us improve our services for the visually impaired. As this programme develops, we hope more banks and building societies will come on board in helping to identify dormant charity accounts.”The Commission estimates there could be more than a million pounds in dormant charity accounts held with banks and building societies, and this release is the first of what it hopes will be many more suchsuccess stories.Using the powers in section 28 of the Charities Act 1993 the Commission makes reasonable enquiries to locate any of the charity trustees of a dormant account. Should these enquiries fail to locatea trustee, the Commission looks for suitable outlets for applying this money towards charitable purposes. This usually means charities with similar objectives.The Charity Commission publishes details of the dormant account project online, including which charities are currently the object of proposed transfers. Tagged with: Community fundraising Financecenter_img Money in dormant bank accounts has been donated to charities in Bristol and South Gloucestershire by the Charity Commission.Following a successful pilot project to find money held in dormant charity accounts andrelease it to local charities, the Charity Commission has distributed £20,000.Ten local organisations have each received £2,000 from charity accountswhich had been inactive for many years. Advertisement  30 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img

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