Unclaimed Indian Trust royalities:
Funds retained in Federal Indian trust accounts amount to approximately $3 billion. About $480 million is owned by individuals, the rest is held for Tribes. The funds are held in trust by the U.S. Government for over 315 Tribes and approximately 260,000 individuals.
Each year, more than $800 million passes through the tribal trust funds system and over $300 million through another Trust account. Investment earnings make up a significant portion of the total receipts.
Funds are derived from the sale or rental of Indian-owned natural resources such as timber or grazing land, and royalties from oil and natural gas exploration and production. Funds also are derived from awards or settlements of tribal claims for lost land or other damages. Interest earned on the invested funds also is part of these funds.
Our database has more than 50,000 unclaimed accounts. Many of these beneficiaries have funds currently in their accounts. We also supply a separate database to assist one looking for a possible family member unclaimed royality asset. These unclaimed assets are NOT included in the States' online databases.
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