Jennifer Tedmori Proposes Charity Fund for 2-Cent Residual Checks After $8.63 Ned's Payout
Updated
Updated · Fox News · Aug 18
Jennifer Tedmori Proposes Charity Fund for 2-Cent Residual Checks After $8.63 Ned's Payout
2 articles · Updated · Fox News · Aug 18
Summary
Jennifer Tedmori said the viral residual checks from her Nickelodeon days were as low as 2 cents, with one batch from “Ned’s Declassified” totaling just $8.63.
The former child actor, now a lawyer, argued the system makes little sense because issuing and mailing penny checks can cost more than the payment itself, and some amounts are too small to deposit electronically.
Tedmori said the tiny payouts reflect a broader misconception that child fame brings lifelong wealth, adding that many former child actors are poorly prepared for adulthood and can pay a heavier mental-health cost than they ever recoup financially.
She proposed letting actors redirect uncashed “penny checks” into a charity or equity fund for struggling creatives, saying small residuals pooled across the industry could become meaningful support.
Tedmori said she may turn the checks into a social media series to widen discussion of child stardom, finances and residual practices.