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Treasurer's office collects, returns record amounts of unclaimed property

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Treasurer's office collects, returns record amounts of unclaimed property


Earlier this year, Montpelier firefighter Jake Larrabee says a colleague was looking through Vermont’s database of unclaimed property when he discovered a surprise.

“One of our members was looking online, checked himself in the unclaimed property search, and then said, ‘I wonder if there’s anyone else,’” the lieutenant firefighter said. “And then he went through his family and then he put in the association for whatever reason — I don’t know what prompted him to do that — and found it.”

The association in question was the decades-old Montpelier Firefighters Association. For years, the non-profit raised and distributed funds for Montpelier firefighters and their families in need of assistance. But as members retired, Larrabee said, the association fell dormant, with only a scholarship fund remaining active.

The organization had a bank account — under the names of some of the inactive members — and Larrabee assumed the money would still be accessible if they chose to reactivate the association.

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As it turns out, that was not the case. At some point, the $33,000 in that account was handed over to the state, as required by law.

Modern life is full of financial assets: bank accounts, insurance payouts, paychecks, investment funds. Most of them are correctly tied to their owners, but inevitably some will fall through the cracks. People move, people die, people lose track of property tied to their name.

But that property is still theirs, even if they haven’t claimed it yet. In every state and territory in the country, property holders must make an effort to return unclaimed property to its owner for a period of time before turning it over to the state, a process known as escheatment.

From there, it’s the state’s responsibility to return it. In Vermont, it falls under the authority of the Office of the Treasurer’s Unclaimed Property Division.

It isn’t just financial assets, either: the department also holds personal documents, coins and even family heirlooms.

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“We always say that anybody can have unclaimed property,” said State Treasurer Mike Pieciak. “I think what most people think about is individuals, but when you look through the unclaimed property rolls, you find that there are a lot of pieces of property for small businesses, very large recognizable businesses, a lot of nonprofits. Municipalities have unclaimed property. The state of Vermont has unclaimed property.”

And the numbers continue to grow. This past fiscal year, the Treasurer’s Office returned a record 19,010 properties, totaling $5.8 million — but it also received a record level of new properties, at $18.14 million.

chart visualization

In an effort to increase the amount of reclaimed property, the office has taken a proactive approach, with a pilot program earlier this year targeting 350 Vermonters with unclaimed property achieving a 99% success rate, Pieciak said. A separate pilot program saw $150,000 returned to 250 nonprofits. From the division’s perspective, it can be easier to verify organizations than people.

“You know a business is that particular business. You know a hospital is that particular hospital,” Pieciak said. “When you get a claim that says John Doe or David Smith that lives in Brattleboro, and there’s five other people by that same name, it just becomes more complicated to determine who is the rightful owner of the funds.”

In the case of the firefighters association, Larrabee applied for the funds and, because his name was on one of the signature cards, was able to reclaim the money without too much hassle.

While the association is defunct, Larrabee said the money will be used to help members and their families just as it had in the past, only under an account held by the union, which remains active. He recommended others check the database, too.

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“Take a couple minutes to check every so often: check your name, check your family, your friends, the process is really quite easy. And everybody at the unclaimed property division and the state of Vermont and the treasurer’s office has been very helpful and accommodating,” Larrabee said. “This was a significant amount of money that we’re very, very fortunate that we were able to get back.”

Not all unclaimed property is lost or inaccessible. Don and Bernadette Pierson learned that when they recovered $24,000 from their foundation’s PayPal account.

The Piersons run The Stefan Pierson Wish Foundation; a charity created in honor of their son Stefan, who died of cancer in 2015.

Stefan wanted to attend the 2014 World Cup in Brazil, but was slightly too old to qualify for Make-A-Wish, his mother, Bernadette, said. A high school friend crowdsourced the funds, allowing him to attend. In his honor, the foundation provides similar wish-fulfilling services for young adults.

To raise money, the foundation ran soccer tournaments every summer. Part of the money was held in a PayPal account, Don said. During the pandemic, the Piersons had to cut back on foundation work to care for another one of their children, Ian, and the threat of COVID meant the tournaments had to be put on hold, as well.

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The Piersons did not lose access to the account, but they didn’t touch it, believing they could use the money once the pandemic was over. At some point, though, PayPal remitted the funds to the state, as it’s required to do by law for any unclaimed property.

“They may have sent something to us, but I’ll tell you, I wasn’t watching my [foundation] email because we were kind of on hold.” Don said. Bernadette added, “We were staying up around the clock to take care of our son with just very few people, our kids basically, and us, and I was still working, so we just had heads to the ground trying to get our son through each day.”

A friend of the family who works in the unclaimed property office recognized the Pierson name in the state database of unclaimed property and put the family in contact with the state treasurer. The Piersons had nothing but praise for the treasurer’s office.

The news was bittersweet. Ian died shortly before the family learned of the funds. The family said they will use the money the same way it had been used in the past: to grant the wishes of young adults with cancer like Stefan.

While the state’s unclaimed property holdings are available to be reclaimed by their rightful owners, the state doesn’t just sit on the money. The treasurer’s office estimates the excess amount of money the unclaimed property division receives versus how much it will return to Vermonters and injects that into the general fund. In fiscal year 2024, that was $9.3 million. A reserve fund is available to ensure the Treasurer’s Office is able to pay out claims.

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Vermont’s unclaimed property database can be searched at vermont.unclaimedproperty.com, while a national database can be found at missingmoney.com.

Have questions, comments or tips? Send us a message. Or contact the reporter directly at corey.dockser@vermontpublic.org.





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VT Lottery Powerball, Gimme 5 results for May 13, 2026

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Powerball, Mega Millions jackpots: What to know in case you win

Here’s what to know in case you win the Powerball or Mega Millions jackpot.

Just the FAQs, USA TODAY

The Vermont Lottery offers several draw games for those willing to make a bet to win big.

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Those who want to play can enter the MegaBucks and Lucky for Life games as well as the national Powerball and Mega Millions games. Vermont also partners with New Hampshire and Maine for the Tri-State Lottery, which includes the Mega Bucks, Gimme 5 as well as the Pick 3 and Pick 4.

Drawings are held at regular days and times, check the end of this story to see the schedule.

Here’s a look at May 13, 2026, results for each game:

Winning Powerball numbers from May 13 drawing

22-31-52-56-67, Powerball: 15, Power Play: 2

Check Powerball payouts and previous drawings here.

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Winning Gimme 5 numbers from May 13 drawing

07-09-16-24-30

Check Gimme 5 payouts and previous drawings here.

Winning Pick 3 numbers from May 13 drawing

Day: 1-9-6

Evening: 3-5-0

Check Pick 3 payouts and previous drawings here.

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Winning Pick 4 numbers from May 13 drawing

Day: 1-5-2-5

Evening: 8-6-5-1

Check Pick 4 payouts and previous drawings here.

Winning Megabucks Plus numbers from May 13 drawing

06-13-24-35-41, Megaball: 01

Check Megabucks Plus payouts and previous drawings here.

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Winning Millionaire for Life numbers from May 13 drawing

21-24-29-42-49, Bonus: 01

Check Millionaire for Life payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your lottery prize

For Vermont Lottery prizes up to $499, winners can claim their prize at any authorized Vermont Lottery retailer or at the Vermont Lottery Headquarters by presenting the signed winning ticket for validation. Prizes between $500 and $5,000 can be claimed at any M&T Bank location in Vermont during the Vermont Lottery Office’s business hours, which are 8a.m.-4p.m. Monday through Friday, except state holidays.

For prizes over $5,000, claims must be made in person at the Vermont Lottery headquarters. In addition to signing your ticket, you will need to bring a government-issued photo ID, and a completed claim form.

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All prize claims must be submitted within one year of the drawing date. For more information on prize claims or to download a Vermont Lottery Claim Form, visit the Vermont Lottery’s FAQ page or contact their customer service line at (802) 479-5686.

Vermont Lottery Headquarters

1311 US Route 302, Suite 100

Barre, VT

05641

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When are the Vermont Lottery drawings held?

  • Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
  • Mega Millions: 11 p.m. Tuesday and Friday.
  • Gimme 5: 6:55 p.m. Monday through Friday.
  • Lucky for Life: 10:38 p.m. daily.
  • Pick 3 Day: 1:10 p.m. daily.
  • Pick 4 Day: 1:10 p.m. daily.
  • Pick 3 Evening: 6:55 p.m. daily.
  • Pick 4 Evening: 6:55 p.m. daily.
  • Megabucks: 7:59 p.m. Monday, Wednesday and Saturday.
  • Millionaire for Life: 11:15 p.m. daily

What is Vermont Lottery Second Chance?

Vermont’s 2nd Chance lottery lets players enter eligible non-winning instant scratch tickets into a drawing to win cash and/or other prizes. Players must register through the state’s official Lottery website or app. The drawings are held quarterly or are part of an additional promotion, and are done at Pollard Banknote Limited in Winnipeg, MB, Canada.

This results page was generated automatically using information from TinBu and a template written and reviewed by a Vermont editor. You can send feedback using this form.



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One Vermont school’s plan to survive? A bachelor’s in emergency services

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One Vermont school’s plan to survive? A bachelor’s in emergency services


Matthew Minich has pulled his fair share of all-nighters at the Saint Michael’s College Fire and Rescue station, where he’s been a volunteer firefighter for the past couple of years.

“Hopefully you get some time off during your shift where you can work on school work and get that stuff done,” he said, wrapping up a 12-hour shift the week before finals.

On a recent evening, he gave a tour of the station just across the street from the campus in Colchester, Vermont.

“It’s not a traditional classroom, but there is definitely a lot of learning going on here,” he said, pausing for a beat before adding: “Most of the time.”

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Asked what’s going on the rest of the time, he laughed. “Shenanigans,” he said.

Between the shenanigans and responding to dozens of local emergency calls each year, the junior from Scituate is studying business administration. But next fall, when Saint Michael’s launches a new emergency services major, he plans to add it as a second field of study.

“I’ve fallen in love with this now,” said Minich, who was recently elected captain of the rescue unit. “I’ve decided that I want to do this for my career.”

The new program reflects the increasingly urgent choices facing small colleges across the country, where enrollment offices are often on fire as the number of traditional college-age students shrinks. It’s a long-predicted demographic cliff driven by falling birthrates after the 2008 recession, and many tuition-dependent schools are scrambling to survive as a result. Saint Michael’s is betting that career-focused programs such as emergency services, finance and nutrition, along with lower tuition and hands-on training, can help extinguish years of enrollment declines while preserving its liberal arts identity.

This all comes as American higher education becomes a winner-take-all market. Selective private colleges and flagship state universities continue to attract students and their tuition dollars while many smaller schools struggle to compete.

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Saint Michael’s, founded 122 years ago in 1904, is among them.

Enrollment at the Catholic liberal arts college has fallen nearly 50% over the past decade. Net tuition revenue has dropped from about $70 million to roughly $40 million. More than 80% of applicants are admitted, and few pay full tuition.

So administrators are making sweeping changes. The college recently consolidated 20 academic departments into four interdisciplinary schools.

“We don’t have an English department anymore,” said Saint Michael’s president Richard Plumb matter-of-factly, sitting in his office wearing a flannel shirt.

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Saint Michael’s College president Richard Plumb stands on campus in Colchester, Vt., on Friday, May 1. Plumb says artificial intelligence is fueling the decades-old debate over whether a liberal arts college degree is worth it. “What we can’t automate is judgment,” he says. “How do you know what is true? What is just and what really matters?”


Kirk Carapezza


GBH News

Plumb said the college is confronting the same demographic pressures reshaping campuses nationwide. That pressure is keen in Vermont, a state that consistently has one of the nation’s lowest birthrates.

“There will be fewer students going to college,” Plumb said plainly.

To compete for those students still choosing higher education, Saint Michael’s is now matching in-state tuition rates at flagship public universities in students’ home states.

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“The vast majority of our students who we admit and don’t matriculate here go to large flagship schools,” Plumb said. “Fine. We’ll charge the same tuition.”

The strategy reflects how dramatically the market has shifted for smaller colleges. Deep tuition discounts, program cuts and department mergers are increasingly common as schools compete for a shrinking pool of students.

And it’s not just small colleges. Syracuse University announced in April that it would close 93 of its 460 academic programs, including 55 with no enrolled majors. The University of North Texas in Denton also plans to cut or consolidate more than 70 programs.

“Cutting programs that are under-enrolled or add little value is mission-critical, frankly,” said Michael Horn, co-founder of the Clayton Christenson Institute, which has long predicted widespread college closures and mergers based on demographic projections. “You basically have these zombie programs – one, two, three students, maybe. And part of the reason a lot of these schools keep it up is they feel like, ‘Oh, every university needs an English program, needs a Spanish program, needs these things that we associate with quote unquote ‘a normal college.’”

Looking ahead, Horn said, more colleges will be forced to confront whether there’s real demand for what they offer – both from students on campus and from the broader job market.

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“This is the consolidation phase,” said Gary Stocker, a former administrator at Westminster College in Missouri and founder of College Viability, a company that tracks the financial health of higher education institutions and then makes it available to the public.

“There are way too many colleges, both public and private, and not enough students willing to pay even heavily discounted tuition,” he said.

Stocker is skeptical that adding programs like emergency services will be enough to offset broader financial pressures and enrollment headwinds.

“What are the colleges in the region going to do when they see St. Michael’s has a successful EMT program?” he asked. “They’re going to do one too.”

Federal data show that a decade ago, only about a dozen colleges offered crisis, emergency or disaster management programs. Today, more than 75 do.

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Robert Kelchen, who studies higher education policy at the University of Tennessee, Knoxville, said career-oriented programs can attract students but they can also be expensive to operate.

“Giving people hands-on emergency training is not cheap,” he said. “If it brings in 20 students, is that enough to really make a difference on the budget?”

Saint Michael’s leaders believe it can.

The campus rescue station was created in 1969 after the death of a student exposed gaps in local emergency medical services. The unit has long been student-run and supported by nearby communities. An alumni donor recently provided funding to help launch the new academic program.

Provost Gretchen Galbraith hopes the emergency services major will initially attract 15 to 20 students this fall and eventually generate enough revenue to support other parts of the college.

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From her office window, Galbraith looks out onto a campus garden filled with stones engraved with nouns, verbs and adjectives.

She says the school is trying to answer a broader question increasingly posed by students and their tuition-paying parents: What is a liberal arts education worth in the age of artificial intelligence?

“I understand AI can make music and paintings, but they can’t make art,” Galbraith said. “Or word gardens.”

“Yes, you can write a perfectly decent and boring essay with AI,” she added. “But if you can find your own voice, that is so powerful.”

Faculty members worry the growing skepticism toward liberal arts signals a broader cultural shift away from deep and complex thinking.

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“I think that’s the most frustrating thing to me,” said history professor Jen Purcell, who will begin teaching a medieval history course this fall after a longtime faculty member retired and was not replaced.

“If I had another life to live,” she said with a laugh, “I’d have been a medievalist.”

IMG_4155.JPG

Matthew Minich’s fire helmet rests inside his locker at the Saint Michael’s College Fire and Rescue station in Colchester, Vt., on Thursday April 30, 2026.


Kirk Carapezza


GBH News

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For now, Matthew Minich is still writing papers, finding his voice and balancing overnight rescue shifts with his classes. He believes the emergency services major could attract his peers who might otherwise skip college altogether, or else choose a larger university.

“They want to go to football games and they want to have frats and have a good time with 30,000, 100,000 other people,” he said. “I wanted to do that too.”

But Minich says he chose a much smaller school environment in northern Vermont where professors know him personally — and where the fire and rescue station gives him something many colleges now promise prospective students: practical, hand-on experience tied directly to a career.

And, of course, there are the shenanigans, too.

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VT Lottery Mega Millions, Gimme 5 results for May 12, 2026

Published

on


Powerball, Mega Millions jackpots: What to know in case you win

Here’s what to know in case you win the Powerball or Mega Millions jackpot.

Just the FAQs, USA TODAY

The Vermont Lottery offers several draw games for those willing to make a bet to win big.

Advertisement

Those who want to play can enter the MegaBucks and Lucky for Life games as well as the national Powerball and Mega Millions games. Vermont also partners with New Hampshire and Maine for the Tri-State Lottery, which includes the Mega Bucks, Gimme 5 as well as the Pick 3 and Pick 4.

Drawings are held at regular days and times, check the end of this story to see the schedule.

Here’s a look at May 12, 2026, results for each game:

Winning Vermont Mega Millions numbers from May 12 drawing

17-32-35-40-47, Mega Ball: 17

Check Vermont Mega Millions payouts and previous drawings here.

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Winning Gimme 5 numbers from May 12 drawing

11-18-32-33-39

Check Gimme 5 payouts and previous drawings here.

Winning Pick 3 numbers from May 12 drawing

Day: 3-0-9

Evening: 6-6-9

Check Pick 3 payouts and previous drawings here.

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Winning Pick 4 numbers from May 12 drawing

Day: 8-1-6-1

Evening: 1-4-7-5

Check Pick 4 payouts and previous drawings here.

Winning Millionaire for Life numbers from May 12 drawing

19-21-35-38-53, Bonus: 01

Check Millionaire for Life payouts and previous drawings here.

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Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your lottery prize

For Vermont Lottery prizes up to $499, winners can claim their prize at any authorized Vermont Lottery retailer or at the Vermont Lottery Headquarters by presenting the signed winning ticket for validation. Prizes between $500 and $5,000 can be claimed at any M&T Bank location in Vermont during the Vermont Lottery Office’s business hours, which are 8a.m.-4p.m. Monday through Friday, except state holidays.

For prizes over $5,000, claims must be made in person at the Vermont Lottery headquarters. In addition to signing your ticket, you will need to bring a government-issued photo ID, and a completed claim form.

All prize claims must be submitted within one year of the drawing date. For more information on prize claims or to download a Vermont Lottery Claim Form, visit the Vermont Lottery’s FAQ page or contact their customer service line at (802) 479-5686.

Vermont Lottery Headquarters

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1311 US Route 302, Suite 100

Barre, VT

05641

When are the Vermont Lottery drawings held?

  • Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
  • Mega Millions: 11 p.m. Tuesday and Friday.
  • Gimme 5: 6:55 p.m. Monday through Friday.
  • Lucky for Life: 10:38 p.m. daily.
  • Pick 3 Day: 1:10 p.m. daily.
  • Pick 4 Day: 1:10 p.m. daily.
  • Pick 3 Evening: 6:55 p.m. daily.
  • Pick 4 Evening: 6:55 p.m. daily.
  • Megabucks: 7:59 p.m. Monday, Wednesday and Saturday.
  • Millionaire for Life: 11:15 p.m. daily

What is Vermont Lottery Second Chance?

Vermont’s 2nd Chance lottery lets players enter eligible non-winning instant scratch tickets into a drawing to win cash and/or other prizes. Players must register through the state’s official Lottery website or app. The drawings are held quarterly or are part of an additional promotion, and are done at Pollard Banknote Limited in Winnipeg, MB, Canada.

This results page was generated automatically using information from TinBu and a template written and reviewed by a Vermont editor. You can send feedback using this form.

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