Unclaimed Funds Help Support Big Brothers Big Sisters


UPDATED: Monday November 18, 2013 4:39 PM

The Ohio Department of Unclaimed Funds has more than a billion dollars that people forgot about, or lost track of.

These are bank accounts, insurance policies, employment checks, and even old utility refunds that belong to individuals, companies and charities.

Big Brothers Big Sisters of Central Ohio couldn’t do what it does – matching kids with mentors – without generous donations.

“Raising funds is a critical part of being able to serve the kids in Central Ohio” says President and CEO Ed Cohn.

So when the Superintendent of the Ohio Department of Unclaimed Funds stopped by with a special delivery, Cohn was ecstatic.

One-thousand shares of BankOne stock and  $1,500 in Atcheson and Topeka bonds left behind for Big Brothers Big Sisters in an unclaimed safe deposit box.

“Currently they could not locate you when they sent these to your old address so they forwarded to the division for safe keeping,” said Yaw Obeng, Unclaimed Funds Official.

Whether they’re valuable or not, is not known.

“We’re certainly optimistic about what these might be worth,” added Cohn.

But that wasn’t all.

“There were some stock certificates that were in our name and there were some dividends issued on those stocks over time. And we got the dividends from those stock certificates, so it was a good amount of money” Cohn says.

Cohn says that’s enough to pay for a year-long match for one child and a brother or sister.

As for the stocks and bonds, Cohn says whatever they’re worth; the money will help support the mission.

“We presume these certificates were donated to Big Brothers Big Sisters years ago. We did not know about them. And so it’s a really nice bonus to be able to have this brought to the agency to be able to serve our kids,” he added.

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