Tuesday, August 13, 2013

How Come So Many DE Schools have unclaimed property with the state's Escheat Office?

Take a look at the list below - It'll surprise you!

 http://php.delawareonline.com/news/2012/unclaimed-property/

Someone's not minding their Ps and Qs or their checkbooks~

It was rather surprising to find so much Unclaimed Property belonging to Schools in Delaware in the the custody of the Delaware Division of Revenue.  Unclaimed property is usually money.  Most often someone forgets about a bank account and after 3 to 5 years the account becomes dormant. After a while, state laws require asset holders, such as the bank, to report their unclaimed property to the state.  If the property is never claimed, ownership will eventually revert to the state, although unclaimed property can be claimed anytime. 

WHAT IS UNCLAIMED PROPERTY?

The most frequently asked question of an unclaimed property administrator is, "What is unclaimed or abandoned property?"

While state laws defining periods of dormancy (inactivity) vary, a wide range of reportable property includes but is not limited to:
  • Dormant checking and savings accounts
  • Uncashed money orders or cashiers checks
  • Unclaimed insurance benefits
  • Mineral royalty payments
  • Safe depository contents
  • Unused gift certificates
  • Dividends, stocks, or bonds
  • Utility deposits or refunds


NameStreetCityStateZip CodeCounty
CAMPUS COMMUNITY SCHOOL21 NORTH BRADRD STREETDOVERDE19904KENT
DELMAR SCHOOL DISTRI200 NORTH 8TH STREETDELMARDE19940SUSSEX
DELMARVA CHRISTIAN HIGH SCHOOL150 AIRPORT ROADGEORGETOWNDE19947SUSSEX
FAIRVIEW ELEMENTARY SCHOOL700 WALKER RDDOVERDE19904KENT
LONGNECK ELEMENTARY SCHOOLRD 10 BOX 452MILLSBORODE19966SUSSEX
MOORE (JOHN BASSETT) SCHOOL20 WEST FRAZIER STREETSMYRNADE19977KENT
SANFORD SCHOOLDUPONT LIBRARY 6900 LANCASTER PIKEHOCKESSINDE19707NEW CASTLE
SCHOOLEY TARA702 DALLAM RDNEWARKDE19711-0000NEW CASTLE
SELBYVILLE MIDDLE SCHOOL80 BETHANY ROADSELBYVILLEDE19975SUSSEX
SMYRNA MIDDLE SCHOOL700 DUCK CREEK PKWYSMYRNADE19977KENT
ST ANN SCHOOL2006 SHALLCROSS AVEWILMINGTONDE19806-2220NEW CASTLE
TATNALL SCHOOLPAULA HAGER THE TATNALL SCHOOLWILMINGTONDE19807-2231NEW CASTLE
TATNALL SCHOOL BOOKSTORE1501 BARLEY MILL RDWILMINGTONDE19807NEW CASTLE
XAVIER A SCHOOL FOR YOUNG CHILDREN1315 N UNION STREETWILMINGTONDE19806NEW CASTLE 

EDISON CHARTER2200 N. LOCUST STREETWILMINGTONDE19802NEW CASTLE






  
ARCHMERE ACADEMYATTN: BILL DOYLECLAYMONTDE19703NEW CASTLE
HERITAGE CHRISTIAN ACADEMY750 OTTS CHAPEL ROADNEWARKDE19713NEW CASTLE
LIBERTY CHRISTIAN ACADEMY309 N DUPONT HWYNEW CASTLEDE19720NEW CASTLE
ST THOMAS MOORE ACADEMY133 THOMAS MOORE DRMAGNOLIADE19962KENT
URSULINE ACADEMY1106 PENNSYLVANIA AVE ACCTS PAYABLEWILMINGTONDE19806        NEW CASTLE          

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