Successes
Every day the BC Unclaimed Property Society works with individuals and companies to unite rightful owners with their money.
In 2003 the BC Unclaimed Property Society was created by Vancouver Foundation to administer the unclaimed property program for the Province of BC. Since then, we've been successful at reuniting individuals with forgotten money.
Here are a few recent examples of individuals being reunited with their forgotten property:
Closed Pension Fund
$121,400 - In September 2008, we sent a letter to a man regarding his closed Pension fund. After confirming that he was the owner, we sent him a cheque for $121,400.
Searchable Database
Our searchable database contains information from organizations such as credit unions, courts and businesses.
$5,273 - When people move they sometimes forget to close credit union accounts. Last year a woman from California found her name in our database and we mailed her a cheque for $5,273 from her credit union account - money she'd forgotten about.
$2,751 - In 2008 we received a phone call from a man who saw his name in our database. Shortly after, we reunited him with $2,751 from a court case.
$1,586 - On January 9, 2009 we received an email from a woman whose name appeared in our searchable database. The next month we sent her a cheque for $1,586 which turned out to be funds from a liquidated cooperative.
Significant Results: (April 1, 2003 to December 31, 2008):
| Total money returned to people with unclaimed property: | $5.1 million |
| Total properties received from companies and organizations: | 33,000 |
| Total money received from companies and organization: | $21.2 million |
| Total number of letters sent to people with unclaimed property: | 5,000 |
| Total amount donated to Vancouver Foundation: | $7.5 million |