Illinois Treasurer’s Office Returns Record $303 Million in Unclaimed Property, Benefiting Residents and Organizations
Springfield, IL – July 15, 2025 – The Illinois State Treasurer’s Office, under the leadership of Treasurer Michael Frerichs, has announced a remarkable achievement, returning a record-breaking $303 million in unclaimed property to its rightful owners during Fiscal Year 2025. This significant sum represents a substantial increase and underscores the Treasurer’s commitment to reuniting individuals, businesses, and non-profit organizations with their forgotten assets.
Unclaimed property, often referred to as “lost money,” encompasses a wide range of assets that have been inactive for a specified period. This can include forgotten bank accounts, uncashed checks, unpaid insurance claims, and even contents from safe deposit boxes. When these assets remain unclaimed after diligent efforts by the holding institution to locate the owner, they are transferred to the State Treasurer’s Office for safekeeping.
The Fiscal Year 2025 figures highlight the success of the Treasurer’s proactive initiatives and outreach programs designed to identify and return these valuable assets. This record return is a testament to the office’s dedication to diligently searching for and connecting with the rightful owners.
“We are incredibly proud to announce this record return of unclaimed property,” stated Treasurer Michael Frerichs. “Our mission is to act as a responsible steward of these forgotten assets and, more importantly, to return them to the people of Illinois. This $303 million represents a significant influx of funds that can benefit families, support businesses, and strengthen our vital non-profit sector.”
The returned funds have the potential to make a tangible difference across the state. For individuals, this money could help cover essential expenses, support educational pursuits, or provide a much-needed financial boost. Businesses may utilize these recovered funds to invest in growth, create jobs, or improve their operations. Non-profit organizations, which play a crucial role in serving communities, can reinvest these assets into their programs and expand their reach.
The Illinois State Treasurer’s Office continuously works to make the unclaimed property claim process as accessible and straightforward as possible. Residents can easily search for potential unclaimed property by visiting the Treasurer’s official website, where a user-friendly database allows for quick and confidential searches. The office also actively engages in public awareness campaigns to inform citizens about the existence of unclaimed property and how to reclaim their assets.
This record-breaking return of $303 million in Fiscal Year 2025 not only showcases the effectiveness of the Treasurer’s office but also reinforces the importance of checking for any forgotten funds. The Illinois State Treasurer’s Office remains steadfast in its commitment to ensuring that every dollar of unclaimed property is returned to its rightful owner, contributing to the financial well-being of individuals and organizations throughout Illinois.
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