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  • 1.  Lost assets recovery

    Posted 03-18-2025 01:18 PM

    Has anyone worked with Assets International or any other contingency-based firm that deals with lost or unclaimed assets?  Interested in hearing your experiences. Thanks.

     

    Melanie Majikas

    Executive Director, Development Services

    Resource Development/Tri-C Foundation

    Cuyahoga Community College

    District Office

    700 Carnegie Ave.

    Cleveland, OH 44115

    Office 216-987-4796

    Cell 440-725-8032

     



  • 2.  RE: Lost assets recovery

    Posted 03-18-2025 01:48 PM
    I absolutely refuse. Even when the firm reaches out and tells me they have already "found" money that belongs to us.

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


  • 3.  RE: Lost assets recovery

    Posted 03-18-2025 01:59 PM
    I don't know this company, but when I worked in a small nonprofit, we took a flutter on one of these types of offers. Of course the "finder" took a big chunk of the money, but we did receive funds that we would not have had otherwise. I suppose it depends on how badly you are looking for income. In our situation, we welcomed all comers. 




    Original Message


  • 4.  RE: Lost assets recovery

    Posted 03-18-2025 02:11 PM
    And I have known other organizations like your nonprofit, Susan, that have done likewise. It's hard to turn down free money when you need cash!

    But some organizations refuse to pay any sort of "finders fee." We (at Duke) took the AFP Code of Ethics literally: "24. Decline receiving or paying finder's fees, commissions, or compensation based on a percentage of funds raised." 

    Some feel that this statement only applies to employees of the institution. However, we looked at the rationale more broadly and I have held that attitude for many decades now.

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987





    Original Message


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