![Image](https://m.media-amazon.com/images/M/MV5BNTUxNzU3OTUtOTQ2Zi00NWQxLWIwMmEtZDJlNzM5ODUxNDVlXkEyXkFqcGdeQXVyMTE0MzQwMjgz._V1_QL75_UX500_CR0,26,500,281_.jpg)
Person #9 is owed $39,361.29 – unclaimed money that The Actors Fund is holding in trust for a former child actor it can’t locate. Altogether, the Fund is holding $3,832,599 in 19,382 other unclaimed accounts, the single largest of which belongs to Person #9.
The nine highest unclaimed accounts total more than $200,000.
The funds are held in blocked trusts commonly known as Coogan Accounts. Under California law – Senate Bill 210, which was signed into law in 2003 (read it here) – 15% of a minor’s earnings must be set aside until the performer turns 18 so that their parents can’t spend it all and leave them broke, as child star Jackie Coogan’s parents did in the 1930s.
Residuals continue to accrue in the accounts, and if employers and payroll companies can’t locate them or their parents, the law requires that the money be transferred to The Actors Fund, where it can sit for years waiting to be claimed.
The nine highest unclaimed accounts total more than $200,000.
The funds are held in blocked trusts commonly known as Coogan Accounts. Under California law – Senate Bill 210, which was signed into law in 2003 (read it here) – 15% of a minor’s earnings must be set aside until the performer turns 18 so that their parents can’t spend it all and leave them broke, as child star Jackie Coogan’s parents did in the 1930s.
Residuals continue to accrue in the accounts, and if employers and payroll companies can’t locate them or their parents, the law requires that the money be transferred to The Actors Fund, where it can sit for years waiting to be claimed.
- 1/15/2022
- by David Robb
- Deadline Film + TV
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