Person #9 – Are You Out There? The Actors Fund Is Holding $Nearly 40,000 For You – Deadline

by Msnbctv news staff


Particular person #9 is owed $39,361.29 – unclaimed cash that The Actors Fund is holding in belief for a former baby actor it will possibly’t find. Altogether, the Fund is holding $3,832,599 in 19,382 different unclaimed accounts, the one largest of which belongs to Particular person #9.

The 9 highest unclaimed accounts whole greater than $200,000.

The funds are held in blocked trusts generally often known as Coogan Accounts. Underneath California legislation – Senate Invoice 210, which was signed into legislation in 2003 (learn it right here) – 15% of a minor’s earnings have to be put aside till the performer turns 18 in order that their mother and father can’t spend all of it and depart them broke, as baby star Jackie Coogan’s mother and father did within the Nineteen Thirties.

Residuals proceed to accrue within the accounts, and if employers and payroll firms can’t find them or their mother and father, the legislation requires that the cash be transferred to The Actors Fund, the place it will possibly sit for years ready to be claimed.

Justin Bieber & Nicolas Cage, Come On Down — The Actors Fund Has Your Dough!

Shia LaBeouf has been on the listing for years, and so have Justin Bieber, Saoirse Ronan, Taylor Lautner, Ashley and Mary-Kate Olsen, AnnaSophia Robb and plenty of others who broke into present enterprise after they had been youngsters.

Mega

The Actors Fund lists all of the names of those that are owed, and learn how to accumulate, on its Unclaimed Coogan Funds web site (see it right here). Citing privateness points, nonetheless, it doesn’t say how a lot every is owed till it makes contact the beneficiaries.

Lots of the accounts include so little cash that it’s not value finishing all of the paperwork required to gather. Three, the truth is, include solely a single penny.

The Actors Fund’s newest outreach focused the 1,225 beneficiaries with greater than $500 in unclaimed funds. They embrace 87 accounts holding greater than $5,000, and the Fund is trying to find all of them.

The Actors Fund tells Deadline that there are 69 beneficiaries who’re owed greater than $5,000 however lower than $9,999, and that 18 others are owed greater than $10,000, together with Particular person #9.

This chart, supplied by The Actors Fund, exhibits the highest 9 unclaimed accounts, totaling over $200,000.





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