Des Moines, Iowa (KWQC) – More than $ 600 from the Great Iowa Treasure Hunt has returned to the hands of the Spencer Community School District.
Iowa State Treasurer Michael Fitzgerald announced that the money has been returned through the Great Iowa Treasure Hunt program, which returns unclaimed properties to their rightful owner or their heirs.
The Spencer’s Community School District located the lost money by receiving a letter from the Great Iowa Treasure Hunt.
“The process of applying for our funds was relatively simple and we received the money within days,” said Jolynne Eilts, district sales manager. “My only regret is that I wish we had requested it sooner!”
In a new statement from his office, Fitzgerald said, “Due to the coronavirus pandemic, we know many are struggling financially and we want to encourage everyone to search GreatIowaTreasureHunt.gov for schools and organizations in their community.”
Over $ 394 million is waiting to be redeemed in the Great Iowa Treasure Hunt.
About the Great Iowa Treasure Hunt:
Unclaimed property refers to money and other assets held by financial institutions or companies that have lost contact with the owner of the property for a specified period of time.
State law requires these institutions and companies to report unclaimed property annually to the state treasurer’s office. The assets are then held in the Great Iowa Treasure Hunt until the owner or heir of the property is found.
Common forms of unclaimed property include savings or checking accounts, stocks, uncashed checks, life insurance policies, security deposits, and safe deposit box contents.
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