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By statute, the State Treasurer of North Carolina oversees the state’s more than $383 million unclaimed property fund. North Carolina’s NC Cash Program carries out three important missions of the Unclaimed Property Division of the Department of State Treasurer: 

  • Remitting the earnings of the Unclaimed Property Fund, or the Escheats Fund, to the North Carolina State Education Assistance Authority (SEAA) which provides loans and grants to worthy and needy North Carolina students attending state-supported colleges and universities. 
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 Supporting Education

 

Interest from the unclaimed property fund goes to the State Educational Assistance Authority to provide grants and loans to worthy and needy North Carolina Students.

 

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