Urges groups to visit www.patreasury.gov to search and claim for free
Harrisburg – October 25, 2013 – (RealEstateRama) — In recognition of Breast Cancer Awareness Month, State Treasurer Rob McCord today highlighted more than $84,000 in unclaimed property the state is working to reunite with organizations and institutions that treat, research and work to find a cure for cancer.
“I asked my Return Team to search our unclaimed property database and identify any funds due to organizations associated with the fight against cancer,” Treasurer McCord said. “This is money that belongs not to Treasury, but to these groups that work tirelessly to find a cure, so during Breast Cancer Awareness Month, I hope they will visit www.patreasury.gov to find out if any belongs to them.”
Each year, Treasury receives millions of dollars in unclaimed property – money from items such as abandoned bank accounts, forgotten stocks, uncashed checks, and contents of safe deposit boxes.
Treasurer McCord said people and organizations owed unclaimed property often do not realize property has become dormant because holders are not required under state law to contact the owner before remitting it to Treasury. Checks often get mailed to old or incorrect addresses or the funds never make it to the intended recipient for a variety of reasons, the Treasurer noted. Furthermore, the holder of the property may turn over the property to Treasury with misspelled or incomplete owner information.
The more than $84,000 Treasurer McCord highlighted today is just a fraction of the $2.2 billion in unclaimed property Treasury currently seeks to reunite with businesses, organizations, and citizens across the state. He urged everyone to search Treasury’s free unclaimed property database at www.patreasury.gov or call 1-800-222-2046, Monday through Friday, 7:30 a.m. to 4:30 p.m. A Treasury Return Team member will assist them for free with their search and claim process.
Since January 2009, the McCord Treasury has collected more than $1.1 billion in property, returned $482 million to rightful owners, and generated about $618 million for the state’s General Fund through the Unclaimed Property Program.
To learn more about Pennsylvania’s Unclaimed Property Program or to search for property, visit www.patreasury.gov or call 1-800-222-2046.
Media contact: Elizabeth Foose, 717-787-2991 or