Meet Michael L. Fitzgerald
Michael L. Fitzgerald was born in Marshalltown, Iowa. His family farmed outside of State Center and later Colo, where he graduated from high school. He attended the University of Iowa and received his bachelor’s degree in Business Administration. Prior to being elected State Treasurer in 1982, he worked as a marketing analyst for Massey Ferguson Company in Des Moines for eight years.
Treasurer Fitzgerald has become a leader in public service during his tenure as State Treasurer. He has served as president of several national organizations, and he serves as trustee and custodian of Iowa’s state pension funds. In addition, he invests over three billion dollars of state operating funds.
Treasurer Fitzgerald also oversees many consumer programs. The Great Iowa Treasure Hunt, his unclaimed property program, has returned over $327 million in lost property to the rightful owners. He is the administrator for Iowa’s 529 education savings programs, including College Savings Iowa, which has over $6 billion invested and has helped families withdraw billions of dollars to pay for higher education. He also serves as administrator for IAble, a tax-advantaged savings program that helps Iowans save for disability-related expenses while protecting their eligibility for means-tested benefits.
Treasurer Fitzgerald is active in national organizations that have an impact on issues in Iowa.
College Savings Plans Network (past chair)
National Association of State Treasurers (past president)
National Association of State Auditors, Comptrollers and Treasurers (past president)
National Association of Unclaimed Property Administrators (past president)
Boards and Committees
In addition, Fitzgerald serves on the following boards and committees in Iowa:
Flood Mitigation Board*
Iowa Centennial Memorial Foundation*
Iowa Cultural Trust
Rate Setting Committee*
Southeast Iowa Regional Port Authority
Tobacco Settlement Authority*
*Denotes Voting Member