Treasurer Stacy Garrity: Father’s Day is a great time to search for unclaimed property
Harrisburg, PA - Treasurer Stacy Garrity said today that more than $5 million is owed to nearly 39,000 Pennsylvanians who have “fatherly” names – those with a name or business name that includes any of these words: father, dad, daddy, papa, pop, grandfather, tools, lawn, mow, grill, and joke.
“The father figures in our lives do a lot of heavy lifting,” Garrity said. “And I hope they get a much-needed break this Father’s Day. Searching for unclaimed property can be done while kicking back on a favorite armchair with your feet up – it’s that easy!”
Pennsylvania State Treasurer, Stacy Garrity
One in ten Pennsylvanians is owed unclaimed property, and the average claim is worth $1,500. Last year, Treasury returned more than $135 million to Pennsylvanians. Treasury is currently seeking the owners of more than $4 billion in unclaimed property.
Unclaimed property includes things like dormant bank accounts, uncashed checks, forgotten stocks, insurance policies, tangible property like the contents of abandoned safe deposit boxes, and more. The state’s unclaimed property law requires assets to be turned over to Treasury after certain periods of time.
Tangible items are auctioned by Treasury after about three years of storage in the vault to make room for incoming property. Auction proceeds are kept in perpetuity for a rightful owner to claim in the future. Military decorations and memorabilia are never auctioned, and Treasury works diligently to find veterans and their families to reunite these priceless symbols of service.
Search Treasury’s unclaimed property database to see if you or someone you know has property waiting to be claimed at patreasury.gov/unclaimed-property.