Treasurer Garrity

Stacy Garrity

Treasurer, Commonwealth of Pennsylvania

As the 78th Treasurer of the Commonwealth of Pennsylvania, businesswoman and retired U.S. Army Reserve Colonel Stacy Garrity is focused on transparency, cutting waste and fees, returning more than $4.5 billion in unclaimed property to its rightful owners, and making education affordable for Pennsylvanians.

Stacy understands the challenges that Pennsylvania families face, and she brings the same common sense that people use to manage their own finances to the Treasurer’s office.

After graduating from Sayre High School in Bradford County, Stacy earned a degree in finance and economics from Bloomsburg University of Pennsylvania and later received a certificate from the Cornell University Business Management Institute.

While serving as a colonel in the Army Reserve, Stacy received national attention for her decorated service on the battlefields of Iraq. While news raged about scandals involving prisoner abuse at other facilities, Stacy was highlighted for her stellar performance as one of the officers in charge of an internment camp for enemy combatants in Iraq.

Iraqis dubbed her “the Angel of the Desert” when her service at Camp Bucca in Southern Iraq resulted in a perfect record. She kept the camp secure and American troops safe without a single complaint of abuse from Iraqi soldiers interned there.

Stacy served a remarkable three deployments in defense of the United States: in 1991 in Operation Desert Storm, in 2003 in Operation Iraqi Freedom, and in 2008 in Operation Enduring Freedom. She was awarded the Bronze Star twice for exceptional service and received the Legion of Merit before retiring from the Army Reserve with the rank of colonel.

While serving in the Army Reserve, Stacy started work as a cost accountant at Global Tungsten & Powders Corp., a global supplier of refractory powders in Towanda, and worked her way up to become the first of two female vice presidents at the company.

As Pennsylvania Treasurer, Stacy oversees an office of more than 300 employees and is tasked with protecting more than $150 billion in state assets. Among her many duties, she serves as a fiscal watchdog for the state and manages the PA 529 College & Career Savings Program, Keystone Scholars, and the PA ABLE Savings Program, which helps people with disabilities save without fear of losing important benefits. She also administers the state’s unclaimed property program.

Stacy was elected on November 3, 2020, and was sworn into office on January 19, 2021.

Since taking office, she has worked to make PA 529 accounts work better for Pennsylvanians of all backgrounds by cutting fees (saving account holders more than $11 million), eliminating the minimum deposit required to open an account, and allowing families to make contributions as low as $1. During her tenure, the number of PA 529 accounts has grown to more than 296,000 while total assets have grown to more than $7.3 billion.

Stacy has also cut fees for PA ABLE multiple times. Under her leadership, the number of PA ABLE accounts has grown to more than 8,500, and total PA ABLE assets have nearly tripled to over $115 million. She was elected as the inaugural Chair of the ABLE Savings Plan Network, a group formed by the National Association of State Treasurers, and she was a vocal advocate for the federal ABLE Age Adjustment Act, which will make ABLE programs available to an additional 6 million people with disabilities – including 1 million veterans.

Stacy is committed to making it as easy as possible for people to receive unclaimed property which belongs to them. She oversaw the first systemwide upgrade to Treasury’s unclaimed property system in more than 15 years, implemented a fast-track return system for simple claims, introduced the use of direct deposit payments, and added Pennsylvania to the national website MissingMoney.com. To date, she has returned more than $700 million of unclaimed property to its rightful owners – including setting records for the most unclaimed property returned in a single year ($273.7 million in FY 22-23) and the most returned in a two-year period (over $500 million combined in FY 22-23 and FY 23-24).

As a veteran, Stacy is also focused on returning the hundreds of military decorations being safeguarded in Treasury’s vault. These medals and other decorations usually come to Treasury from forgotten safe deposit boxes and include dog tags, medals, campaign ribbons, Purple Hearts, and even Bronze Stars. She has returned more than 410 military decorations to the veterans who earned them or their families, including 10 Purple Hearts and 3 Bronze Stars.

Committed to her local community, Stacy serves on the board of Bradford County United Way and is a trustee of Guthrie Robert Packer Hospital in Sayre.

She is married to Daniel Gizzi, a project analyst at Corning Incorporated. She worships at Christian Life Church.

Board and Commissions

As State Treasurer, Stacy serves as Chair of the Board of Finance and Revenue and is also a member of the following boards, commissions and committees: State Employees’ Retirement System (SERS) Board, Public School Employees’ Retirement System (PSERS) Board, Pennsylvania Municipal Retirement System (PMRS) Board, Board of Commissioners of Public Grounds and Buildings, Pennsylvania Housing Finance Agency, Tuition Account Program (PA 529) Advisory Board, State Public School Building Authority, Pennsylvania Higher Education Facilities Authority, State Workers’ Insurance Fund Board, Mine Subsidence Insurance Board, Delaware River Port Authority, Pennsylvania / New York Joint Interstate Bridge Commission, Pennsylvania Gaming Control Board (as a non-voting member), Pennsylvania Community Development Bank Operational Committee, and Local Government Records Committee.