Treasury Returns Nearly $130,000 in Unclaimed Property to Centre County Organizations at Event Hosted by Rep. Paul Takac
Bellefonte, PA - Treasurer Stacy Garrity and state Rep. Paul Takac (D-82) announced today that nearly $130,000 in unclaimed property is being returned to organizations following a recent event hosted by Rep. Takac at Centre Care in Bellefonte.
“Treasury is thrilled to get this unclaimed property back into the hands of organizations to help them accomplish their missions in the community. I’m thankful for Rep. Takac and his team for hosting this event to help reconnect this money with the rightful owners.”
Pennsylvania State Treasurer Stacy Garrity
“It was great to partner again with the PA Treasury to help local businesses, organizations, and individuals find unclaimed money held by the state. We’re now working with folks to take the necessary steps to claim their funds and put that money back to use in the community. I encourage anyone who thinks they may have unclaimed property to reach out to our office so we can help them get the process started.”
Rep. Paul Takac (D-82)
In total, $129,874 was identified and is now in the process of being returned to ten different local organizations. Some of the most notable returns included more than $53,000 to Mt. Nittany Medical Center and over $26,000 to Shaner Hotel Group. Other groups receiving unclaimed property include Cooperative Playschool, Fullington Trailways, Geisinger State College, Howard Borough, Howard Elementary School, Howard Museum and Historical Society, Our Lady of Victory Church and St. Paul’s United Methodist Church.
Unclaimed property can include things like dormant bank accounts, uncashed checks, insurance policies, contents of forgotten safe deposit boxes and more. State law requires businesses to report unclaimed property to Treasury after three years of dormancy.
Treasury is working to return more than $5 billion in unclaimed property, including nearly $25.5 million owed to Centre County residents. More than one in ten Pennsylvanians are owed unclaimed property, and the average claim is worth over $1,000.
Since taking office, Treasurer Garrity has returned more than $1 billion, including a record $334 million last year.
To search for unclaimed property, visit patreasury.gov/unclaimed-property.
