RALEIGH– Hebron Colony Ministries in Boone credits its nearly eight decades of existence to “miraculous” interventions that helped its founders to purchase land and expand facilities. State Treasurer Dale R. Folwell, CPA, will add a modern-day windfall when he visits the alcohol and chemical abuse recovery center on Monday, Oct. 2, to turn back money that was diverted into the Unclaimed Property Division (UPD) of the Department of State Treasurer (DST).
Money that has become undeliverable for a variety of reasons is safeguarded at UPD until the rightful owners claim it. During a review of data in UPD, commonly called NCCash.com, DST staff identified $2,554.05 belonging to the recovery facility.
After the check presentation to Hebron Colony officials media attending the event will have the opportunity to question Treasurer Folwell about NCCash.com or other DST matters. Dr. Rebecca Martin, Hebron Colony Ministries Board of Directors secretary, and Assistant Director Bryan Wright will be available to talk about the recovery center.
While in Boone, Treasurer Folwell will preside over a Local Government Commission meeting at Appalachian State University at 1:30 p.m. Tuesday, and conduct a Q&A session with university students at 11 a.m. Both of those events will be on the university campus in the Grandview Ballroom, 135 Jack Branch Drive.
NCCash.com is currently safeguarding nearly $1.09 billion in escheated funds, representing 17.7 million properties statewide. The money is awaiting return to the rightful owners after being lost, misdirected or overlooked. More than 19 million owners are associated with those properties.
Under state law, UPD receives and safeguards funds that are escheated, or turned over, to DST. The unclaimed property consists of bank accounts, wages, utility deposits, insurance policy proceeds, stocks, bonds and contents of safe deposit boxes that have been abandoned.