Missourians Can Now Donate Unclaimed Property to Charity
JEFFERSON CITY- State Treasurer Clint Zweifel announced Wednesday a new program allowing Missourians to donate their unclaimed property to charity.
Unclaimed property is described as any property that has been left in the hands of the state for five years or more. Zweifel said items could include checks that were not cashed, old life insurance policies that were not cashed in, or a safe deposit box that was not emptied out after someone passed away.
It is Zweifel's responsibility to give that money back to Missourians after five years.
"My number one philosophy with unclaimed property is that it is not the state's money, it's the citizens'," Zweifel said. "We have a team of 14 that has dedicated every day proactively to finding Missourians, identifying them and getting that property back to them."
The state currently holds more than $810 million in unclaimed property belonging to 4.7 million account owners. Mid-Missouri accounts for $27.8 million in more than 316,000 accounts.
Under the new program, Missourians can donate only their monetary unclaimed property, such as cash from bank accounts, wages from past jobs or government refunds. Zweifel said the majority of unclaimed property is monetary.
Missourians can choose from up to 20 charities statewide for which to donate their unclaimed property. These charities include: After-School Retreat Reading and Assessment Grant Program Fund, American Cancer Society Heartland Division, Inc., American Diabetes Association Gateway Area, American Heart Association, American Lung Association of Missouri, American Red Cross, ALS Association, Arthritis Foundation, Childhood Lead Testing Fund, Children's Trust Fund, CureSearch for Children's Cancer, Foster Care and Adoptive Parents Recruitment and Retention Fund, March of Dimes, Missouri Military Family Relief Fund, Missouri National Guard Trust, Muscular Dystrophy Association, National Multiple Sclerosis Society, Organ Donor Program Fund, Veterans Trust Fund, and Workers' Memorial Fund.
Missouri is the second state in the country to begin this program, and Zweifel said they plan to expand the program in the future.