Controller Malia M. Cohen Presents a $24k Check to the Japanese American Citizens League – San Francisco Chapter

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08/19/2022

Controller Malia M. Cohen Presents a $24k Check to the Japanese American Citizens League – San Francisco Chapter

State Controller Malia M. Cohen presented the Japanese American Citizens League – San Francisco Chapter (JACL) with a $24,087 check for unclaimed property. The JACL had two unclaimed properties. One was a claim in the amount of $69.00 for a membership fee and a second claim was in the amount of $24,016.97 for a savings certificate that had not been disbursed to the organization.

California’s unclaimed property program is administered by the State Controller’s Office (SCO), which currently holds more than 76.2 million unclaimed properties worth a total of $13 billion. Since 1959, this consumer protection program has been designed to ensure businesses and other entities return properties belonging to a customer with whom they have lost contact. Common types of unclaimed property include bank accounts, stocks, bonds, uncashed checks, insurance benefits, and safe deposit box contents. Searching and claiming property with the SCO is always free.

“I am very honored to have been able to reunite the JACL with their $24,087 of unclaimed property,” said Controller Cohen. “I want to urge all Californians to visit our claimit.ca.gov website to learn more about and search for their unclaimed property.”

Businesses and organizations can visit the updated SCO Reporting Resources site for tips and tools to help meet their obligations under California’s unclaimed property law.

As the chief fiscal officer of California, Controller Cohen is responsible for accountability and disbursement of the state’s financial resources. The Controller has independent auditing authority over government agencies that spend state funds. She is a member of numerous financing authorities, and fiscal and financial oversight entities including the Franchise Tax Board. She also serves on the boards for the nation’s two largest public pension funds. Follow the Controller on X at @CAController and on Facebook at California State Controller’s Office.