SOUTH WILLIAMSPORT, PA — Pennsylvania Treasurer Stacy Garrity, alongside Sen. Gene Yaw (R-23) and Rep. Jamie Flick (R-83), successfully facilitated the return of more than $4,500 in unclaimed property to Little League Baseball, Incorporated. This initiative underscores the importance of reclaiming lost assets for nonprofit organizations deeply rooted in their communities.
The funds, totaling $4,549.95, encompass six individual properties ranging from nominal amounts to over $3,000. These include refunds, rebates, and accounts payable checks, each contributing to the mission-driven operations of Little League International. The organization, headquartered in Williamsport, is renowned for its global impact on youth baseball and softball, teaching life lessons and fostering community spirit through sports.
Treasurer Garrity expressed pride in the collaboration, stating, “We’re hitting a home run by returning this money to Little League Baseball. Little League has deep roots in Williamsport, and Pennsylvania children have been taking part since it was founded in 1939.” Her statement highlights the ongoing efforts to ensure nonprofits can reclaim funds that bolster their initiatives.
Joy Reynolds McCoy, Little League’s Senior Vice President and Chief Legal Officer, acknowledged the significance of this financial return, emphasizing its role in supporting local leagues and expanding opportunities for children worldwide. The sentiment was echoed by Sen. Yaw, who praised the treasury’s commitment to reuniting organizations with their rightful assets, and Rep. Flick, who noted the community’s connection to Little League as the host of the annual World Series.
This initiative forms part of a broader strategy by the Pennsylvania Treasury to address the state’s unclaimed property, which currently exceeds $4.5 billion. With more than one in ten Pennsylvanians owed unclaimed property and an average claim value of about $1,600, the treasury’s ongoing efforts are critical. Unclaimed assets include forgotten bank accounts, uncashed checks, and insurance policies, all held by the treasury until rightful claims are made.
State law mandates businesses to report unclaimed property after three years of inactivity, with the treasury holding tangible assets for a similar period before auctioning them. However, items of sentimental value, such as military decorations, remain indefinitely preserved for rightful owners.
The return of these funds to Little League Baseball exemplifies the treasury’s dedication to community enrichment through prudent financial recovery, ensuring that treasured institutions like Little League continue to thrive and positively impact youth across the globe.
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