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The Warsaw Voice » Society » October 8, 2008
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Five Years of Charity Goals
October 8, 2008   
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A recent meeting arranged by Britain's ambassador to Poland Ric Todd in his Warsaw residence was a chance to sum up what has been accomplished in the five years since the Przezorność (Prudence) foundation was set up. Among guests at the meeting were officials from Prudential plc, which launched the foundation, officials from charity organizations who are beneficiaries of the foundation, as well as politicians, the media and cultural circles.

The foundation was formed in October 2003 by Prudential plc, an international financial institution, as a response to the company's former customers who were unable to contact the company in the aftermath of World War II and could not benefit from their life insurance policies.

According to documents kept by Prudential Insurance Company in London, at the outbreak of World War II in 1939 there were 4,623 active insurance policies in Poland. Despite considerable gaps in existing records as a result of the German occupation, between the early 1950s and now nearly 40 percent of such policies have been paid out.

During research the company realized how difficult it would be to reach all the insurance policy holders or their heirs, and decided to set up the Przezorność foundation. The main goal of the foundation in the past five years was to allocate $4 million to various charitable institutions and organizations in Poland.

The organizations selected operate in the charity, cultural, education and historical sectors. Half of the funds were spent on Jewish-Polish initiatives. This decision came after Prudential researched the background of former insurance policy owners.

Ewa Hancock
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