AUGUSTA — In honor of National Nonprofit Day on Aug. 17 the Maine Office of the State Treasurer and Maine Association of Nonprofits are reminding Maine nonprofits about available resources in unclaimed property.

Maine is home to approximately 7,000 nonprofit organizations.

The treasurer’s office runs the state’s unclaimed property program, which holds approximately $310 million in 4 million accounts of unclaimed property that belongs to Maine citizens and organizations. This includes money and other financial assets that are considered lost or abandoned when an owner cannot be located after a specified period of time of inactivity.

In honor of National Nonprofit Day, OST recently scanned its accounts against MANP’s membership list and found nonprofit organizations that have or may have unclaimed property, representing well over $30,000.

People can see if they or their organization has unclaimed property by visiting maineunclaimedproperty.gov.

National Nonprofit Day is an opportunity to recognize the essential role of nonprofits across the country. According to National Council of Nonprofits, most nonprofits are small and community-based, serving local needs: 92% spend less than $1 million annually; 88% spend less than $500,000.

Learn more online at nonprofitimpactmatters.org.

 

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