Mississippi State Treasurer David McRae Mississippi State Treasurer David McRae

Newsroom

Skip Navigation LinksTreasurer Home > Information

McRae Statement on the Passing of William D. Mounger

June 26, 2020, JACKSON, Miss.​

Mississippi State Treasurer David McRae today issued the following statement upon the passing of William D. Mounger:

"A job creator, philanthropist, West Point graduate, and an architect of the modern Republican Party in Mississippi, Billy Mounger will long be remembered by what he built as well as how he built it. He acted out of patriotic duty to his nation, adhered to his conservative principles, supported the arts, and served as a mentor to many. Katie and I extend our deepest sympathies to Jan and their family. Billy will be truly missed."


State Treasurer Returns $125k in Unclaimed Property to State Health Department

June 26, 2020, JACKSON, Miss.​

Treasurer David McRae today presented the State Health Department with a check for $124,620 after the State Treasury found unclaimed property in the Department's name. This adds to the $7 million found and returned since McRae took office in January, $1.7 million of which was returned during the COVID-19 crisis.

"We are extremely grateful to the State Treasurer for this fantastic check," said State Health Officer Thomas Dobbs, MD, MPH. "The Mississippi Department of Health has so many acute infrastructure needs just to stay operational, so the funds couldn't come at a better time."

"Returning unclaimed property is one way the State Treasury can give Mississippi an economic boost without adding to the financial burden hardworking taxpayers already carry," said McRae. "We are thrilled to have found and returned nearly $125,000 to the State Health Department at a time when so many families are relying on them for COVID-19 information. Thank you to everyone in the Department who has worked tirelessly to keep Mississippi safe and healthy."

Unclaimed property is turned over to the state when banks, credit unions, and even retail stores are unable to find the rightful owner. After five years, financial institutions turn that money over to the state and the Treasury's Unclaimed Property Division is charged with finding the owner and returning the money.

Searching for unclaimed property is easy. Just visit treasury.ms.gov, enter your name in the search box, and click go.



State Treasurer, Legislature Join Forces to Improve College Savings Investment Returns

June 24, 2020, JACKSON, Miss.​

Treasurer David McRae applauded the State Legislature's collaboration on a plan to improve College Savings Mississippi investment returns. The State Treasurer joined Governor Tate Reeves this week for the legislation's signing.

"The State Treasury's foundational responsibility is to be a good steward of taxpayer dollars, and that's exactly what we've accomplished," said McRae. "With this legislation, we reduced the burden on taxpayers, introduced much-needed flexibility into the investment strategy, and gave families greater peace of mind about the college savings plans they've invested in. I want to thank Senator Josh Harkins, Representative Trey Lamar, and the State Legislature for working with our team to get this legislation passed."

Signed into law this week, SB2881, the College Savings Plans of Mississippi Investment Policy, reflects the Investment Policy of PERS, which was the Legislature's original intent. In short, the legislation makes meaningful improvements to the asset allocation and investment policy, building greater efficiency and flexibility into the investment strategy.




Mississippi Economy Gets $7 Million Stimulus from State Treasury

June 23, 2020, JACKSON, Miss.​

Treasurer David McRae today announced the Mississippi State Treasury has returned $7 million in unclaimed property since he took office in January. This includes $1.7 million that was distributed during the COVID-19 shutdown.

"Recent events have hit many Mississippians right in the wallet," said McRae. "Returning unclaimed property is one way the State Treasury can help give Mississippians a boost and stimulate our local economies without adding to the state budget or increasing the financial burden on taxpayers. Millions of dollars remains unclaimed though, so we are strongly encouraging every Mississippian to check the database for their name at Treasury.MS.gov."

Unclaimed property is turned over to the state when banks, credit unions, and even retail stores are unable to find the rightful owner. After five years, financial institutions turn that money over to the state and the Treasury's Unclaimed Property Division is charged with finding the owner and returning the money.

Searching for unclaimed property is easy. Just visit treasury.ms.gov, enter your name in the search box, and click go.


State Treasury Returns $6 Million to Mississippians

June 9, 2020, JACKSON, Miss.​

Treasurer David McRae today announced the Mississippi State Treasury has returned $6 million in unclaimed property since he took office in January via more than 2,200 claims. Included in this figure is the more than $1.7 million that has been distributed during the COVID-19 pandemic - a meaningful economic stimulus amid the pandemic-related shutdown.

"Unclaimed property is not the state's money," said McRae. "It's your money, and we're committed to returning it as quickly as possible. We are thrilled to have infused $6 million into Mississippi's economy already, but there is plenty more that remains unclaimed. As such, I am encouraging every Mississippian to check our database at treasury.ms.gov."

Unclaimed property is turned over to the state when banks, credit unions, and even retail stores are unable to find the rightful owner. After five years, financial institutions turn that money over to the state and the Treasury's Unclaimed Property Division is charged with finding the owner and returning the money.

Searching for unclaimed property is easy. Just visit treasury.ms.gov, enter your name in the search box, and click go.


Tupelo Student Wins Tell Me Something Good Scholarship

June 8, 2020, JACKSON, Miss.​

State Treasurer David McRae today surprised a student in Tupelo with a $529 Tell Me Something Good Scholarship to recognize his service to the community during COVID-19. Fifteen-year-old Aidan Wilson has been one of All Saints' Episcopal Church's most reliable volunteers during the COVID-19 crisis, serving those in need nearly every day since March 16.

"When Aidan arrives at Saints' Brew at 6:30AM, he immediately gets to work wrapping sausage biscuits, pouring coffee and milk, and assembling to-go bags. But the most important task comes at 7:00AM, when the door is opened to begin serving guests," said Rebecca Nelson, a fellow volunteer who nominated Aidan for the scholarship. "As each person comes forward, Aidan greets him or her pleasantly and calls many guests by name. He knows who wants extra sugar for their coffee or who needs a sugar substitute. He sees all guests as individuals and treats them with dignity and respect."

"The Tell Me Something Good Scholarship was designed to highlight the work of young people just like Aidan," said McRae. "Aidan is reliable, kind, generous, and optimistic. He exemplifies the spirit of volunteerism and stands as an example to his peers. Thank you, Aidan, for volunteering and congratulations on the scholarship!"

Wilson will receive a $529 scholarship in the form of a Mississippi Affordable College Savings (MACS) Account, which is administered by the Mississippi State Treasury. Almost anyone can open a MACS account for a child or loved one for as little as $25. Parents, grandparents, relatives, and friends are invited to learn more at treasury.ms.gov.

This is the fourth "Tell Me Something Good" scholarship the State Treasury has awarded during the COVID-19 crisis.




Greenville Student Inspires Volunteerism, Wins Tell Me Something Good Scholarship

June 2, 2020, JACKSON, Miss.​

State Treasurer David McRae today surprised a student in Greenville with a $529 Tell Me Something Good Scholarship to recognize her service to the community during COVID-19. Mollie Warrington, a 17-year-old student in Greenville, helped prepare and pack 1,500 bags of food for distribution at St. Vincent de Paul Food Pantry during the COVID-19 pandemic. Additionally, she inspired friends to step up and volunteer as well. The St. Vincent de Paul Food Pantry in Greenville distributes an average of 600 food boxes per month to the community.

"I am thrilled to award Mollie Warrington with our third 'Tell Me Something Good' scholarship," said McRae. "It's incredible to see young people stepping up to help during trying times, but it's true leadership when they recruit their friends to do the same. For that reason, Mollie will head to college with a $529 scholarship from College Savings Mississippi."

Warrington will receive a $529 scholarship in the form of a Mississippi Affordable College Savings (MACS) Account, which is administered by the Mississippi State Treasury. Almost anyone can open a MACS account for a child or loved one for as little as $25. Parents, grandparents, relatives, and friends are invited to learn more at treasury.ms.gov.

This is the third "Tell Me Something Good" scholarship the State Treasury has awarded during the COVID-19 crisis.




Mississippi Newborns Awarded Scholarships

June 1, 2020, JACKSON, Miss.

Treasurer David McRae today announced two Mississippi newborns were each awarded $529 Mississippi Affordable College Savings (MACS) scholarships. The scholarships were part of the State Treasury's 529 Day promotion. Scholarships were awarded to the two babies born closest to 5:29AM and 5:29PM on May 29 (5/29). The scholarship comes in the form of a tax-advantaged 529 savings account.

The 2020 scholarship recipients were as follows:

Skylar Taylor (Hernando) was born at 7:14AM on May 29 at Baptist Memorial Hospital-DeSoto

Bode Robinson (Aberdeen) was born at 6:59PM on May 29 at North Mississippi Medical Center Women's Hospital.

"It is never too young to begin saving for your child's education. That's a lesson Skylar and Bode learned on Day 1," said McRae. "Most people don't realize a plan through College Savings Mississippi can fit into almost any family's budget. For just $25, a parent, grandparent, or even family friend can open an account and start making contributions that can dramatically impact the child's future educational ambitions. Please visit treasury.ms.gov to learn more."

This year, 29 Mississippi hospitals participated in the competition. To learn more or start a MACS account, visit Treasury.MS.gov.


Laurel Student Feeds 1,000+ Frontline Workers, Wins Tell Me Something Good Scholarship

May 19, 2020, JACKSON, Miss.

State Treasurer David McRae today surprised a student in Laurel with a $529 Tell Me Something Good Scholarship to recognize his service to the community during COVID-19. Fletcher Horne, a 15-year-old student in Laurel, launched Feed the Frontline during the COVID-19 crisis as an Eagle Scout project. Helping to both thank healthcare heroes and stimulate the area's economy, the effort has purchased meals from 19 different local restaurants and fed more than 1,000 frontline workers

"Fletcher has been so hands-on and intentional," wrote his sister, Sabine Horne, in nominating Fletcher for the scholarship. "During this difficult time, we know how important the small things can be, whether that's getting your favorite lunch with an encouraging scripture written on the box or just having your neighbors say thank you. Feed the Frontline has already touched thousands of lives. As Fletcher continues to make deliveries, we hope that Laurel's frontline workers feel our community's love and gratitude in every meal."

"I am thrilled to award Fletcher Horne with this week's 'Tell Me Something Good' scholarship," said McRae, himself an Eagle Scout. "Our judges were blown away by the actions this young man has taken amid this crisis, finding a way to thank our healthcare heroes while also supporting local restaurants that are struggling during this time. It's a remarkable project that I am honored to recognize."

Horne will receive a $529 scholarship in the form of a Mississippi Affordable College Savings (MACS) Account, which is administered by the Mississippi State Treasury. Almost anyone can open a MACS account for a child or loved one for as little as $25. Parents, grandparents, relatives, and friends are invited to learn more at treasury.ms.gov.

This is the second "Tell Me Something Good" scholarship the State Treasury has awarded during the COVID-19 crisis. Two additional scholarships are available. To nominate a student, please click here.




Magee Student Wi​ns First Tell Me Something Good Scholarship

May 13, 2020, JACKSON, Miss.

State Treasurer David McRae today surprised a student in Magee with a $529 Tell Me Something Good Scholarship to recognize his service to the community during COVID-19. Jered Smith, a 16-year-old student at Simpson Academy, is the Founder of Season of Service. During the COVID-19 pandemic, Smith has organized and given away household baskets to the elderly and new moms. He has also provided lunches for local healthcare workers.

"I am extremely pleased to present Jered Smith with a scholarship from College Savings Mississippi," said McRae. "Jered has shown leadership, determination, and compassion in the founding of Season of Service, traits that will take him far in life. We're hopeful this $529 boost to his college savings will help Jered pursue a degree and a fulfilling career in the years ahead. Thank you, Jered, for doing something good for your community."

Smith will receive a $529 scholarship in the form of a Mississippi Affordable College Savings (MACS) Account, which is administered by the Mississippi State Treasury. Almost anyone can open a MACS account for a child or loved one for as little as $25. Parents, grandparents, relatives, and friends are invited to learn more at treasury.ms.gov.




State Treasurer Extends MPACT Open Enrollment Period to July 15

May 11, 2020, JACKSON, Miss.

State Treasurer David McRae today extended the open enrollment period for the Mississippi Prepaid Affordable College Tuition Plan (MPACT) to July 15. This College Savings Plan allows families to lock-in tuition rates and pre-pay their child's tuition.

"We are thrilled to extend the open enrollment period to July 15, giving folks another two months to start a plan before prices increase," said McRae. "Today, the average Mississippi college student graduates with $30,000 of debt. By enrolling in the MPACT program, however, families can pay on the front end so their child can leave college with less debt and more freedom to pursue the career of their choosing."

The open enrollment period will now close on July 15. After that, only parents of newborn children will be able to enroll. Prices are expected to rise when the 2020-21 open enrollment period opens in September 2020. For more information, please visit treasury.ms.gov.

About the Mississippi Prepaid Affordable College Tuition Plan (MPACT)

MPACT prepays the cost of tuition and mandatory fees, while protecting against future college tuition increases. MPACT is the only 529 prepaid tuition plan available that is guaranteed by the State of Mississippi


State Treasurer Announces Judging Panel for "Tell Me Something Good" Scholarship

May 5, 2020, JACKSON, Miss.

State Treasurer David McRae today announced the nine judges who will be evaluating submissions for the "Tell Me Something Good" Scholarship Program. Each week in May, a Mississippi PreK-12 student will be awarded a $529 College Savings Mississippi scholarship for doing good in their communities during the COVID-19 pandemic.

The "Tell Me Something Good" Judging Panel includes:

  • ​​First Lady of Mississippi Elee Reeves
  • Katie Blount, Director of Mississippi Department of Archives and History
  • Kimberly Remak, Executive Director of Trinity Health Center, Inc.
  • Tray Hairston, Partner at Butler Snow LLP
  • Holly Lange, Executive Director of Mississippi Book Festival
  • Ron Matis, Mississippi United Pentecostal Church
  • Jennifer Nicaud, Attorney at Copeland Cook Taylor & Bush
  • Jim Prince III, President and CEO of Prince Media Group
  • Clayton Stanley, President of The Alliance

"I am thrilled to have this distinguished group of people join us in presenting a $529 Tell Me Something Good scholarship to Mississippi young people," said McRae. "We understand these are hard times for many families, and yet, we've seen young people rise from the crisis to do incredible things within their communities. Submissions have already started coming in, so I know these nine judges have their work cut out in selecting a winner each week."

To enter the contest, students must be nominated by a family member, friend, teacher or community member. To nominate a student, please complete the online registration form. Entries are due every Thursday at 5PM and winners will be announced each Monday in May.

Click here to view the full contest rules. 

About the Mississippi Affordable College Savings Program (MACS)

Students will be awarded the scholarship via a MACS account. MACS makes giving the gift of college easy and affordable. Almost anyone can open a MACS account for a child or loved one for as little as $25. Families can use the tax-advantaged account for future college expenses, such as tuition, books, supplies and certain room-and-board expenses. The funds can also be used for elementary and secondary tuition expenses. For more information, please visit treasury.ms.gov.


State Treasurer Asks Students to "Tell Me Something Good" for $529 Scholarship

May 1, 2020, JACKSON, Miss.

State Treasurer David McRae today launched the "Tell Me Something Good" Scholarship Program. Each week in May, a Mississippi PreK-12 student will be awarded a $529 College Savings Mississippi scholarship for doing good in their communities during the COVID-19 pandemic.

"Young people across Mississippi are doing amazing things to help their communities amid the COVID-19 pandemic," said McRae. "Not only do we want to hear about them, but we want to reward them with a $529 College Savings Mississippi scholarship. We understand these are hard times for many families and it's easy to find bad news in all of it, so we're hopeful this will help highlight the incredible resilience and positivity we can find in our communities every day."

​To enter the contest, students must be nominated by a family member, friend, teacher or community member. To nominate a student, please complete the online registration form. Entries are due every Thursday at 5PM and winners will be announced each Monday in May.

Click here to access the registration form.


State Treasurer Urges Hospitals and Clinics to Claim Unclaimed Property to Boost Healthcare Infrastructure, Support Frontline Workers

April 29, 2020, JACKSON, Miss.

State Treasurer David McRae today urged hospitals and clinics to search for and claim any unclaimed property held by the state to help boost Mississippi's healthcare infrastructure and support frontline workers. Their search can begin at treasury.ms.gov. The American Hospital Association reported in March: "Due to expenses to treat COVID-19 patients, hospitals are currently losing up to $1 million per day." In the last month, the state has returned more than $30,000 to hospitals and clinics in the state, but much more remains unclaimed.

"Hospitals and our frontline healthcare workers have made tremendous sacrifices to test and treat Mississippians during the COVID-19 pandemic," said McRae. "To boost our healthcare infrastructure and support frontline workers, I strongly encourage hospitals and clinics to search for and claim any Unclaimed Property held by the state. Especially during this time of uncertainty, we are focused on getting Unclaimed Property out of the state's accounts and into the hands of its rightful owners."

Since the beginning of the COVID-19 outbreak, the State Treasury has returned more than $600,000 in Unclaimed Property to Mississippians. To begin your search, please visit treasury.ms.gov.

What is Unclaimed Property?

It's sometimes very difficult for banks, credit unions, and even retail stores to find the rightful owner of big chunks of money. People move - families lose touch - and the money just sits there. After five years, financial institutions turn that money over to the state to find the rightful owners, which is what our team does in the Unclaimed Property Division.

Where do I search for Unclaimed Property?

Visit treasury.ms.gov. Enter your last name. And begin your search!


State Treasurer Urges Local Governments to Claim Unclaimed Property to Help Fill COVID-Fueled Funding Gaps

April 24, 2020, JACKSON, Miss.

State Treasurer David McRae today urged local governments to search for unclaimed properties held by the state to help fill COVID-fueled funding gaps. In the last month, the state has returned a quarter-million dollars to local governments in Unclaimed Property, but more than $1 million remains unclaimed. To streamline the process, the State Treasury has posted a special State and Local Government Claims form and encouraged entities to take advantage of remote notarization to ensure a faster return.

"Local governments are really struggling to make ends meet right now," said McRae. "I want to encourage them to make sure the state isn't holding any Unclaimed Property that they are entitled to, which could help bridge some of the funding gaps. We recognize this is not the state's money, and especially during this time of uncertainty, we are focused on getting it out of state accounts and into the hands of its rightful owners."

Since the beginning of the COVID-19 outbreak, the State Treasury has returned more than $500,000 in Unclaimed Property to Mississippians. To begin your search, please visit treasury.ms.gov.

Click here to access the State and Local Government Claims Form.

What is Unclaimed Property?
It's sometimes very difficult for banks, credit unions, and even retail stores to find the rightful owner of big chunks of money. People move - families lose touch - and the money just sits there. After five years, financial institutions turn that money over to the state to find the rightful owners, which is what our team does in the Unclaimed Property Division.

Where do I search for Unclaimed Property?
Visit treasury.ms.gov. Enter your last name. And begin your search!


State Treasurer Returns Half-Million Dollars in Unclaimed Property to Economy during COVID-19 Outbreak

April 15, 2020, JACKSON, Miss. - David McRae today announced the State Treasury has returned a half-million dollars in unclaimed property to Mississippi’s economy since the COVID-19 outbreak began escalating in mid-March

"Our number one priority is to find the rightful owners of unclaimed property and return the money as quickly as possible,” said McRae. “We are thrilled to have infused a half-million dollars into the state’s economy during the coronavirus pandemic already, and we’re just getting started. Please visit treasury.ms.gov to begin your search. Even during the COVID-19 outbreak, our team is processing claims and returning the money to Mississippians.”

Earlier this week, McRae announced unclaimed property claims can be notarized remotely, according to a new order from Governor Tate Reeves. Before having your claims form remotely notarized, check with your notary to see if they are authorized to offer remote notarization and can forego the in-person requirements for notarization. For more information on remote notarization, please visit the Secretary of State's website here.

While the State Treasury continues to process claims, the office remains closed to the public and staff are working remotely in line with the recommendations of the CDC, Governor Reeves, and the State Health Officer. The State Treasury hopes to re-open to the public as quickly as is advisable.

What is Unclaimed Property?

It's sometimes very difficult for banks, credit unions, and even retail stores to find the rightful owner of big chunks of money. People move - families lose touch - and the money just sits there. After five years, financial institutions turn that money over to the state to find the rightful owners, which is what our team does in the Unclaimed Property Division.

Where do I search for Unclaimed Property?

Visit treasury.ms.gov. Enter your last name. And begin your search!


McRae Extends Art Contest Deadline, Welcomes Online Submissions

March 17, 2020, JACKSON, Miss. - Treasurer David McRae today announced all PreK-12 students have an additional month to participate in the College Savings Mississippi Art Contest. Submissions are due on April 30. Additionally, the office will now accept submissions via email at collegesavings@treasury.ms.gov.

“Thousands of Mississippi students will be home from school this month,” said McRae. “Art projects can help keep their minds active during this time, and that’s not all. Your child’s masterpiece could be worth $529. So, forget hanging it on the fridge. Submit your student’s next pencil sketch, crayon drawing, or watercolor painting and earn a scholarship today.”

Students in grades PreK-12 are eligible. Winners will receive a scholarship worth up to $529 in the form of a Mississippi Affordable College Savings (MACS) account. The deadline for submission is April 30, 2020.

While submissions continue to be accepted by mail, parents are invited to submit their student’s artwork online. To do so, simply photograph the painting, sketch, collage, etc., and email the image and registration form to collegesavings@treasury.ms.gov. The artwork must answer the question: What do you want to do when you grow up?

  
​​​

​​