# Balance Foundation ceases operation

- Link: https://fundraising.co.uk/2007/03/23/balance-foundation-ceases-operation/
- Published: 2007-03-23T00:00:00+00:00
- Author: Howard Lake

The Balance Foundation, set up to release unclaimed assets from the financial sector,
has completed its mission, is to cease operations and hand over administration of
its existing grants programme to the Clore Duffield Foundation. 
Balance was formed
in December 2003 and has worked in partnership with leading UK financial institutions
to release an estimated £8m of unclaimed assets to charitable good causes with further
funds expected to be released later this year.

Over £500,000 has also been made available to balance and has been awarded to 28
projects from charities in the area on which its trustees agreed to focus – meeting
the needs of vulnerable, socially excluded older people.

It has also announced 14 more grants to be made to organisations including the Cascade
Theatre Company in Cornwall, Exeter Age Concern, Live Music Now, Wiltshire, Northern
Fells Group, Lake District and Pets as Therapy in London.

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