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State Treasurer Returns 40K Of Unclaimed Property To Salvation Army

The Illinois Treasurer’s office is making a large donation to the Salvation Army in Chicago. State Treasurer Michael Frerichs [[ frer-ricks ]] has turned over nearly 40-thousand-dollars to the charitable organization. The funds were received by the Treasurer’s Unclaimed Property Program from the estate of Ernest Ulrich, who named the nonprofit as a beneficiary. The state treasurer is tasked with safeguarding unclaimed property, which includes unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. Illinois holds more than three-billion-dollars in unclaimed property.


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