The Material Management Division in Columbia, SC is responsible for managing and safeguarding public funds, including over $67 billion in assets, for South Carolina State Government. They also administer tax-advantaged education and disability savings plans to empower individuals and families financially. Additionally, the division assists state agencies with banking services and investments, overseeing approximately $38.2 billion in assets under management. They are dedicated to providing efficient and accurate financial services while ensuring the best rates of return and timely repayment of debt.
The division also plays a crucial role in returning lost funds to individuals, estates, and businesses through their unclaimed property program, which safeguards over $800 million in unclaimed property. They strive to reunite South Carolinians with their missing money, including old utility deposits, uncashed payroll checks, life insurance proceeds, and unredeemed shares of stock. Furthermore, the division offers college savings programs that help families save for educational expenses, with contributions being 100% deductible from SC state income tax. They also provide an ABLE savings program that empowers individuals with disabilities to save for their future.
Generated from the website