Unclaimed Cash To A School Corporation
The Indiana Attorney General’s ongoing effort to put unclaimed property with its owners brought Greg Zoeller to Gary. He says for Northwest Indiana property claimants, that’s $2162.46 paid and $42,871,223 pending.
His office issued the following information to Lakeshore:
Gary Community Schools receive check for Unclaimed Property
Attorney General Greg Zoeller reminds Northwest Indiana residents millions are waiting to be claimed
GARY, Ind. — Residents in Northwest Indiana have millions of dollars that’s been forgotten – $42,873,365 to be exact. Of that nearly $43 million, $2,162.46 was found this year for the Gary Community School Corporation. Indiana Attorney General Greg Zoeller stopped by Gary Community Schools today to present Chief Financial Officer, Nikkita White, with the school corporation’s unclaimed property check and remind residents to search for their own unclaimed property.
“Presenting this check to Gary Community School serves as a reminder for everyone to check for their own unclaimed property. With more than $350 million total unclaimed proeperty, and $43 million in the Northwest region alone, it is part of my role to inform Hoosiers how to find and claim it. Times are still tight for a lot of people and I want everyone to know how easy it is to search for money that you may never knew existed in the form of accounts or wages,” Zoeller said.
Making a claim with the Attorney General’s Unclaimed Property Division is free and easy. Zoeller encourages all Hoosiers to visit www.IndianaUnclaimed.gov to search for their name, their relatives, neighbors and friends’ names. The Indiana Unclaimed Property database is also now mobile. Anyone can search for free through the mobile application — just use keyword Indiana Unclaimed to download. The app makes it easy to look for unclaimed property. Business owners and charitable organizations should also check annually for unclaimed property.
Unclaimed property includes investment earnings, insurance proceeds and benefits, wages, and money from savings and checking accounts. Less than one percent of unclaimed assets are tangible, physical items, such as those found in safe-deposit boxes. It is important to note that unclaimed property does NOT include abandoned vehicles or real estate.
In 2012, more than 40,000 new properties valued at more than $6.6 million dollars were reported and originate from the five county Northwest Indiana region. This money belongs to residents or former residents of the area or their heirs. The state holds these assets for 25 years after they are reported.
In total, the state’s unclaimed property database holds more than $350 million in assets. In 2012, the Attorney General’s Office returned more than 80,000 properties totaling more than $44.8 million in unclaimed property. Last year, more than $4.1 million was returned to individuals with last known addresses in Northwest Indiana.
Every year, the attorney general is required to advertise the list of unclaimed property turned over to the state during the previous year. The announcements run twice in a two week period in the newspaper closest to the last known address of the property owner.
Below are the listing dates for the Northwest Indiana region only.
TIMES OF NORTHWEST INDIANA April 17 & April 28
LAPORTE HERALD ARGUS April 18 & April 27
CHESTERTON TRIBUNE April 17 & April 26
NEWTON COUNTY ENTERPRISE April 17 & April 24
RENSSELAER REPUBLICAN April 18 & April 27
The Unclaimed Property database can be searched 24-hours a day, 7 days a week at www.IndianaUnclaimed.gov. The Unclaimed Property Division’s toll-free number is 1-866-IN-CLAIM (1-866-462-5246). This is a free service of the Indiana Attorney General’s Office.