Kansas Unclaimed Money Tops $200 Million

If the Midwest is America's breadbasket, it's mightorganizers and the city of Hutchinson," she adds.
mostly be because of Kansas, who's Sumner"The State Fair is a good old fashioned family
County is known as The Wheat Capital of thetradition and part of what makes our state so
World. According to recent reports, the Kansasgreat."
State Treasury's Unclaimed Property Division hasAccording to the National Association of Unclaimed
become a basket for another vital commodity.Property Administrators (NAUPA), Treasury
Not edible, but definitely more sought after-Departments in each of the 50 states are
American currency in the form of Kansasholding-on to over $35 billion in unclaimed assets,
unclaimed money.belonging to American citizens. Unclaimed property
Over $20 million in Kansas unclaimed property isoutreach programs like the one Kansas State
collected by the state each year. These fundsTreasurer Jenkins promotes are only slightly
come from abandoned financial assets turnedmaking-up for the lack of a centralized
over by banks, insurance companies and othergovernment database for unclaimed assets.
financial entities who are by law required to handApproximately 928,303 owners of roughly $200
them over to the state after 3-5 yearsmillion unclaimed money in Kansas are still
depending on the item. Lost assets come fromunaccounted for though, and the Kansas
old checking accounts, abandoned savingsUnclaimed Property Division of the Treasury
accounts, bonds, dividends, old paychecks, childDepartment will hold on to the KS unclaimed
support payments, alimony payments, and othermoney until residents and other citizens nationwide
similar funds whose owners have somehow lostcome to claim it.
track of or inherited without their knowing it.Fortunately, people don't have to wait for the
Lynn Jenkins, Kansas State Treasurer, tries toKansas State Fair to come around in order to
reunite as much of the unclaimed money incheck if they are owed Kansas unclaimed funds.
Kansas to her state's residents through outreachThe individual states maintain databases for
programs for owners of the Kansas unclaimedunclaimed money owners now and an unclaimed
funds. Her office sets-up booths in public placesmoney search can be done anywhere there's an
like shopping malls and the Kansas State Fair inInternet connection. So, if you need extra funds
Hutchinson. An average of $700,000 is handed-outASAP, you can actually do an online search right
yearly in the fair to mostly surprised owners ofnow from where you are. The tricky part is doing
the lost money. "We always look forward toa search for unclaimed money in several state
attending the fair," says Jenkins in a recent pressdatabases (a good idea for those who've lived in
release. "It gives us an opportunity to meet fellowvarious states). A centralized database for national
Kansans and for them to search our records forunclaimed money does not exist, so it's quite
their lost or forgotten cash and property." "Aseasy to go on an online wild goose chase if you
always, we were very impressed with the fairdon't know where and how to look.