“This center is a critical part of our community because it helps so many of our neighbors,” Gordon-Booth said. “I hope this surprise encourages others to visit the treasurer’s website to see if the state is holding money on their behalf so the dollars can be returned and put to good use.”
“I have no doubt that these dollars will help so many of our children and families,” Koehler said. “There is a great deal of acrimony in government today, and this is an example of the good that is possible when we work together to help each other.”
The Illinois treasurer’s office is the custodian of unclaimed property including lost bank accounts, insurance policy proceeds, and unused rebate cards . Items are surrendered after private entities tried for at least five years to locate the owners. Because thousands of items are surrendered each year, residents or call 217.785.6998.
In Peoria County, there are 140,000 names in the unclaimed property database with a value of $23 million. In Tazewell County, there are 76,000 names with a value of $9 million. Statewide, the value exceeds $2 billion.
About the George Washington Carver Community Center The George Washington Carver Community Center in Peoria, Ill, is a non-profit organization focused on community outreach and improvement in the area of fine arts and humanities, recreation, education, preventative care, and building stronger families.
About the Illinois Treasurer The Illinois Treasurer is the state’s chief investment officer and Frerichs is a Certified Public Finance Officer. He protects consumers by encouraging savings plans for college or trade school, increasing financial education among all ages, and removing barriers to a secure retirement. As the state’s chief investment officer, he actively manages approximately $25 billion. The portfolio includes $13 billion in state funds, $7 billion in college savings plans and $5 billion on behalf of local and state governments.
The investment approach is cautious to ensure the preservation of capital and returns $28 to the state for every $1 spent in operations. The treasurer’s office predates Illinois incorporation in 1818. Voters in 1848 chose to make it an elected office.
-END-