11/01/2024 | Press release | Distributed by Public on 11/01/2024 09:31
Wyndmoor, PA - Pennsylvania Treasurer Stacy Garrity, Sen. Art Haywood (D-4), Rep. Napoleon Nelson (D-154) and the commissioners of Springfield Township announced today that more than $17,000 in unclaimed property has been returned to Springfield Township in Montgomery County.
"Returning unclaimed property is one of our most important jobs at Treasury, and I'm thrilled to get this money back to Springfield Township so it can be used to benefit the residents there. I appreciate working with Sen. Haywood and Rep. Nelson to return these funds, and I encourage everyone to check our website to see if we have any money available for you to claim. It only takes a couple of minutes to see if any of the $4.5 billion we're working to return belongs to you!"
"We're thrilled to see over $17,000 in unclaimed property returned to the hardworking residents of Springfield Township. Every dollar returned makes a difference, especially in times when families need it most. I encourage everyone to take a few moments to check if they have unclaimed property and to continue spreading the word about this valuable program."
"Every time we can help return hard-earned money to our constituents-especially during challenging times-we fulfill our commitment to serve. It is our responsibility in government to ensure that every dollar owed is returned to the people who deserve it most."
"The Township staff regularly monitors the Treasury's unclaimed property website and has applied for and received returned funds in the past. It was a pleasant surprise this past Spring, when a Township staff member was informed by a Treasury Department staff member at a state conference that these funds were out there. Thank you to the Treasury Department for your outreach."
The $17,222.03 returned to Springfield Township includes three individual properties ranging in value from $60 to $16,642.03. The properties date back to 2018 and 2019. Properties returned include funds from accounts payable checks. How the funds are spent will be determined by township officials.
Treasurer Garrity has returned more than $17.7 million to nearly 100 local government agencies, including counties and municipalities.
Treasury is working to return more than $4.5 billion in unclaimed property to its rightful owners, including more than $268 million owed to Montgomery County residents. More than one in ten Pennsylvanians is owed unclaimed property, and the average claim is worth about $1,600.
Unclaimed property can include 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 keeps tangible unclaimed property for at least three years before it is auctioned. Auction proceeds are kept in perpetuity for owners to claim. Military decorations and memorabilia are never auctioned.
To learn more about unclaimed property or to search Treasury's database to see if any money is available for you to claim, visit patreasury.gov/unclaimed-property.