"1.1.3 To provide support, including financial assistance, to Madeleine’s family."
So if Maddie, god forbid, is never found...the family get the million pound fund + interest?
2007-08-23 21:24:50 · 13 answers · asked by Anonymous in News & Events ➔ Current Events
It will be given to a good cause.
So no need to worry your head over that one
2007-08-23 23:54:16 · answer #1 · answered by Tabbyfur aka patchy puss 5 · 0⤊ 1⤋
What I heard was the money would be donated to a good cause like charities or some kind of funding if Madeleine was never found. I don't think the plan was ever for them to keep it. My God if they done that it would be a very sick thing to do, especially when it is not their money.
2007-08-23 21:46:53 · answer #2 · answered by Black 7 · 5⤊ 2⤋
People donated the money in the hope of finding Madeleine. But if the unfortunate thing happened and Madeleine was not found then I think it is only right for the money to go to charity. I think that was the plan anyway. I don't think they were ever meant to keep it.
2007-08-23 21:50:01 · answer #3 · answered by . 5 · 4⤊ 2⤋
The "FUND" if you want to call it that is actually a registered company with a Private, limited by guarantee, no share capital)
Nature of Business (SIC(03)):
http://wck2.companieshouse.gov.uk/56626ec7fbb58dbbb679e286a4a6e6ee/compdetails
If it was a charity, it would be registered here:
http://www.charity-commission.gov.uk/
So yes tecnicly speaking its a profit making company & not a charity/fund
2007-08-23 21:58:58 · answer #4 · answered by wonderingstar 6 · 5⤊ 0⤋
They did say if proof that their Madeleine is no more is found, the fund would be donated to a children's charity.
So negative? so early in the morning Grumples?!
Hope your day improves!
2007-08-23 21:31:52 · answer #5 · answered by Faith 6 · 8⤊ 2⤋
No you have not got that right the money is in a fund to help publicize any future child abductions
2007-08-23 21:43:03 · answer #6 · answered by Anonymous · 1⤊ 3⤋
They can do what they like with it - it is their money held in a Ltd Co account which is managed by family members.
Also gaining interest, around £1000 a week in a basic account.
Nice work if you can get it!
2007-08-23 21:37:12 · answer #7 · answered by Missy H 5 · 5⤊ 3⤋
ha, ha! Morning Grumples, what else did I expect from you to start my day lol
2007-08-23 21:37:18 · answer #8 · answered by *Sparki* 5 · 5⤊ 0⤋
it should be given to charities
2007-08-23 21:32:57 · answer #9 · answered by Lollypopfizz 3 · 6⤊ 1⤋
It is worded so they will always hold the winning lottery ticket.
2007-08-23 21:33:31 · answer #10 · answered by T W 5 · 6⤊ 4⤋