Unclaimed property is the topic for some of England’s largest charities. Money is sitting idle and charities are in need of funds. What to do? Read on to find out what they are planning.
Some of England’s largest charities have formed an independent body which is set to announce plans for a “social investment bank” . The purpose of this group is to take over hundreds of millions of pounds lying in dormant bank accounts.
The exact plan will be unveiled on July 12, 2006 as part of an interim report by the Commission on Unclaimed Assets. The Commission is reviewing how dormant funds could be distributed to charities if the assets are not reclaimed by their owners.
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Unclaimed property is the topic for some of England’s largest charities. Money is sitting idle and charities are in need of funds. What to do? Read on to find out what they are planning.<\/p>\n\n\t
<\/p>
Some of England’s largest charities have formed an independent body which is set to announce plans for a “social investment bank” . The purpose of this group is to take over hundreds of millions of pounds lying in dormant bank accounts.<\/p>\n\n\t
<\/p>
The exact plan will be unveiled on July 12, 2006 as part of an interim report by the Commission on Unclaimed Assets. The Commission is reviewing how dormant funds could be distributed to charities if the assets are not reclaimed by their owners. <\/p>\n\n