State Treasurer Riley Moore joined Touchstone Research Laboratory leadership and employees on Tuesday, February 21, to present an unclaimed property check worth over $74,000 to benefit the local research and product development engineering company.
“I’m proud my Office was able to return more than $74,000 in unclaimed property funds to Touchstone,” Treasurer Moore said. “Innovative companies, such as Touchstone, not only advance economic development in the aerospace and technology industries but also across the Mountain State by helping our communities foster opportunity and growth.”
Treasurer Moore presented Touchstone Research Laboratory President/CEO Brian Joseph, Director of Research & Development Brian Gordon and employees with a check totaling $74,379.13 at Touchstone’s complex, located on a two-acre campus at The Millennium Centre in Triadelphia, which houses the company’s world-class research facility, manufacturing and research equipment and their scientists and engineers.
“The unclaimed property funds are coming at a perfect time for Touchstone, as we start our biggest expansion in fifteen years,” Touchstone President/CEO Brian Joseph said. “As we have already begun looking to hire people interested in the development of the next generation of advanced materials and building components in the aerospace industry, we hope the community stays tuned for what is next for Touchstone.”
Recently, Treasurer Moore announced his Office’s Unclaimed Property Division continued its record pace of returning cash to individuals, businesses and other organizations in January with returns exceeding $2.3 million. This makes two months in a row that unclaimed property returns topped $2 million.
Treasurer Moore said unclaimed property funds are being turned over to his Unclaimed Property Division every day and his Office has more than $300 million in listings for individuals, businesses and other organizations. He encouraged everyone to visit www.wvtreasury.com and click on the “Search” button to see if the Office is holding any assets in their name.
What is Unclaimed Property?
Unclaimed property can include financial accounts or items of value in which the owner has not initiated any activity for one year or longer. Common examples include unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. (While the title includes the word “property,” it does not however include real estate.)
West Virginia’s unclaimed property laws protect the public by ensuring money and property owed to them is returned to them, rather than remaining permanently with financial institutions, business associations, governments and other entities. The Treasurer seeks to reunite the unclaimed property, including uncashed paychecks, stocks, or safe deposit box contents, with its owner.
Nationwide, nearly 33 million people in the United States – one in every 10 – are estimated to have unclaimed property available for them to claim.
How Can I Find Unclaimed Property in My Name?
West Virginians searching for lost financial assets can go to www.wvtreasury.com, then click on the large Unclaimed Property “Search” button to the right of the page under the heading, “Are We Holding Your Money?” In addition to finding property, the www.wvtreasury.com website will also help you track a claim.
A demonstration of how to use the Unclaimed Property search site is available on the Treasury’s YouTube page, at: https://youtu.be/K09yQ7YNKlE.
To search for lost financial assets outside West Virginia, visit www.MissingMoney.com.