State Treasurer of Iowa

Successful Clay County Fair for “Treasure Hunters” and “Savers”

September 24, 2014

 DES MOINES, IA --- State Treasurer Michael L. Fitzgerald announced that many Clay County Fairgoers discovered lost treasures. “The Great Iowa Treasure Hunt and College Savings Iowa booth had another successful year at the Clay County Fair,” Fitzgerald said. “Over 900 claims of unclaimed property were discovered, totaling over $172,000.00, with the largest treasure found being $14,092.70.” 

 The Great Iowa Treasure Hunt program has returned over $183 million in unclaimed property to more than 443,000 people since Fitzgerald created it in 1983. Unclaimed property refers to money and other assets held by financial institutions or companies that have lost contact with the property’s owner for a specific period of time. State law requires these institutions and companies to annually report and deliver unclaimed property to the state treasurer’s office, where it is held until the owner or heir of the property is found. Common forms of unclaimed property include: savings or checking accounts, stocks, uncashed checks, life insurance policies, utility security deposits and safe deposit box contents. Go to to search for your treasure today.
College Savings Iowa is an affordable, tax-advantaged option for families who are saving for their children’s higher education. It takes just $25 to open a College Savings Iowa account, and anyone – parents, grandparents, friends and relatives – can invest on behalf of a child. Participants who are Iowa taxpayers can deduct contributions up to $3,098 per beneficiary account from their adjusted gross income in 2014 and there is no income or residency restrictions.* To learn more about College Savings Iowa, go to or call 1-888-672-9116. 
Be sure to like Great Iowa Treasure Hunt and College Savings Iowa on Facebook and follow the programs on Twitter (@GreatIATreasure and @Iowa529Plan) to keep up to date.
*Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income. 


Investment returns are not guaranteed and you could lose money by investing in the plan. Participants assume all investment risks as well as the responsibility for any federal and state tax consequences. If you are not an Iowa taxpayer, consider before investing whether your or the designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program.

For more information about the College Savings Iowa 529 Plan, call 1-888-672-9116, or visit to obtain a Program Description. Investment objectives, risks, charges, expenses, and other important information are included in the Program Description; read and consider it carefully before investing. Vanguard Marketing Corporation, Distributor.

College Savings Iowa is an Iowa trust sponsored by the Iowa State Treasurer’s Office. The Treasurer of the State of Iowa sponsors and is responsible for overseeing the administration of the College Savings Iowa 529 Plan. The Vanguard Group, Inc., serves as Investment Manager and Vanguard Marketing Corporation, an affiliate of The Vanguard Group, Inc., assists the Treasurer with marketing and distributing the Plan. Ascensus Investment Advisors, LLC, provides records administration services. The Plan’s portfolios, although they invest in Vanguard mutual funds, are not mutual funds.

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