2021

SPRINGFIELD — Illinois State Treasurer Michael Frerichs today reminded small non-profits that the deadline to apply for funding through the Charitable Trust Stabilization Program is March 31. “We know that this pandemic has inflicted financial harm across our country, including many non-profits,” Frerichs said. “This is an opportunity for us to help these small non-profits serving in their communities when they need it most.” The Charitable Trust Stabilization Fund assists small non-profits with annual budgets of $1 million or less. Money comes from filing fees non-profits pay when incorporating in…

SPRINGFIELD — Illinois has now surpassed $1 Billion in state investment earnings since he assumed office, Illinois State Treasurer Michael Frerichs said today. The milestone was confirmed in March and involves the earnings on what is currently a $17 Billion state portfolio. Frerichs has been state treasurer since 2015. “The main job of the Illinois State Treasurer since 1818 has been investing state tax dollars,” Frerichs said. “Making smart and sound investments may not be glamorous, but it is what we do every day.” Although the treasurer is the state’s…

CHICAGO — Today, U.S. Representative Raja Krishnamoorthi (D-IL-08) and Illinois State Treasurer Michael Frerichs called on Congress to pass a bill introduced in the U.S. House of Representatives to prepare today’s students for financial success in adulthood. The Youth Financial Learning Act would create a competitive grant program to support school-based financial literacy programs for students, specifically those focused on personal credit and student loan management. “As we prepare young people for their careers, we need to help prepare them to make sound financial decisions as they learn how to…

Cleveland Avenue convenes Illinois State Treasurer Michael Frerichs, the Walter Family, Benefit Chicago, and impact investors to empower underrepresented entrepreneurs CHICAGO, IL (March 3, 2021) -Cleveland Avenue, LLC, a privately-held venture capital firm that accelerates and strategically invests in innovative concepts and emerging brands, is leading an impact initiative to bridge the capital and resource gap for Black, Latinx, and women-owned companies in Chicago’s South and West Side neighborhoods. The Cleveland Avenue State Treasurer Urban Success Initiative (CAST US) intends to leverage the investment and entrepreneurial development expertise of Cleveland…

SPRINGFIELD — In honor of Women’s History Month, Illinois State Treasurer Michael Frerichs today kicked off a virtual campaign to highlight and celebrate the achievements of women in Illinois. This year’s national theme for Women’s History Month is “Valiant Women of the Vote: Refusing to Be Silenced”. “Women always have played an important role in our everyday lives, history, and success of our country. Yet, for many years, they were silenced,” Frerichs said. “We must allow women their voice, fight with them for equal rights, and push with them for…