2019

CHICAGO — Illinois State Treasurer Michael Frerichs announced today the return of nearly $40,000 to the Salvation Army in Chicago. The proceeds were turned over to the Illinois Treasurer’s Unclaimed Property Program from the estate of Ernest Ulrich who named the non- profit as a beneficiary. Ulrich passed away in 1999. “We are proud to spread holiday cheer and return this money to the Salvation Army to help continue the mission of helping people when they need it most,” Frerichs said. “This holiday season is a perfect time to make…

CHICAGO — President Donald Trump must end his silence on a $26 billion unclaimed property loophole so that money tied up in matured U.S. savings bonds can be paid to their owners, Illinois State Treasurer Michael Frerichs and Congressman Danny Davis (D-IL-07) said today. As state treasurer, Frerichs is the unclaimed property administrator in Illinois. There is an estimated $1 billion in matured, unpaid U.S. savings bonds tied to Illinois families stuck in this loophole. The savings bonds could date to the 1930s when they were first made available for…

RIVERWOODS — Illinois State Treasurer Michael Frerichs today returned nearly $19,000 in unclaimed property to Orphans of the Storm animal shelter in Riverwoods, Illinois. More than $14,800 were proceeds of a life insurance policy for Gladys O’Brien of Rolling Meadows, who passed away in 2006 and named Orphans of the Storm as the beneficiary. O’Brien, who was 83 at the time of her death, was a secretary at Ford Motor Company. An additional $4,100 in other unclaimed funds also was returned to the non-profit organization from the Illinois Treasurer’s Unclaimed…

SPRINGFIELD — The Illinois State Treasurer’s Office has issued a Request for Qualifications (RFQ) seeking an artist to design a coin to commemorate the 100th anniversary of the ratification of the 19th Amendment to the U.S. Constitution, guaranteeing women the right to vote. “We think this is a great opportunity for artists to showcase their talent and become a part of Illinois’ history,” Illinois State Treasurer Michael Frerichs said. “Women’s right to vote is a major victory in our nation’s history and this coin will serve as a way to…