Comic Relief: What happens to the interest that this so-called charity event collects?

Question

For example, a 20M pledge fund would acrue serious amounts of interest over the course of the year. Where does this interest go, other than lining the pockets of these so-called charity organisers?

Answer 1

I think I heard it goes toward all the expenses of putting comic relief on the tv.

Answer 2

If you have evidence of the interest lining the pockets of the organisers then you should present it to the Charity Commissioners. Otherwise I think we can safely assume that you are spouting ignorant claptrap.

Answer 3

Yes 20million would accrue a lot of interest, if it wasn't given to good causes in both the UK and Africa. Comic Releif is overseen by the BBC and like Children in Need ALL oft the money goes to good causes...

Answer 4

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Answer 5

The cause changes from year to year. in the US. In 2006, it was relief to victims of Hurricane Katrina.
http://www.comicrelief.org/

The UK organization is different. Their website explains where the money is spent.
http://www.comicrelief.com/cash-in-action/

Answer 6

It gets capitalised into the trust fund after any taxes, admin. fees etc are deducted.

xxB

Answer 7

maybe you should be asking Lenny Henry