The Jack and Ada Beattie Foundation

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Charity details

Registered address
Unit 4.07 The Tea Building,56 Shoreditch High St
London,London
E1 6JJ

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Charity number
1142892

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The Jack and Ada Beattie Foundation are delighted to announce their latest project, the Bank of Mum and Dad.

Our Bank Of Mum And Dad will offer interest and charge-free loans (that's right. INTEREST-FREE loans) to individuals facing challenges to their Dignity, Freedom and Sanctuary. As its title suggests, our
scheme will be guided by the abiding principles of Jack And Ada: we will only support those furthering our Foundation Values of Freedom, Dignity and Sanctuary. Repaid funds will in turn become loans for others.

• Credit is repayable by no more than 12 instalments (eg. Monthly) within no more than 12 months (schedule to be set by the Bank of Mum and Dad).

• Loans must be sought and used to purchase goods or services.
(Borrower-Lender-Supplier agreement).

• Loans will always be awarded as a fixed amount.

• Loans awarded will involve no charges or interest.

• Applicants will be required to provide bank statements for the last 3 months to prove insufficient funds available to meet their need.

• Applicants will be required to provide two referees who are in a professional capacity, able to confirm the circumstance the loan applicant finds themselves in.

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