State Treasurer Michael Frerichs Returns $27,000 to The Salvation Army

Lawndale News Chicago's Bilingual Newspaper - Business

Illinois State Treasurer Michael Frerichs on Wednesday returned $27,100 in I-CASH missing money to The Salvation Army, the charitable organization widely known for its iconic Red Kettle Christmas fundraising campaign. The Salvation Army is the largest non-governmental provider of social services in the world. “We make an extra effort at this time of year to return money to nonprofits and groups that helps others in need,” said Frerichs, who returned the money at The Salvation Army Central Territory headquarters in Hoffman Estates. “I am grateful we found this money for an organization that provides people life-saving services throughout the year. The Salvation Army makes the holiday season brighter for people who might be going through a challenging time.” Illinois’ unclaimed property program, also known as I-CASH, is one of the state’s oldest consumer protection initiatives. In Illinois, the state treasurer is tasked with safeguarding unclaimed property, such as the contents of overlooked safe deposit boxes, unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. Illinois holds more than $5 billion in unclaimed property. More than $2 billion has been returned since Frerichs took office, the most in state history. To see if you have unclaimed property, check the online database at http://www.illinoistreasurer.gov/ICASH.

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