2022

SPRINGFIELD — Struggling to find a gift idea for that hard-to-shop-for teen? Wondering what to get that toddler who has enough toys? Invest in that child’s future by giving the gift of college savings this holiday season —and give yourself the gift of a tax break. Illinois State Treasurer Michael Frerichs says contributing to a Bright Start 529 plan is a great way to inspire students to attend a college, university or vocational school. A child is three times more likely to attend college if they know that they have…

SPRINGFIELD — An early holiday gift is being delivered to Lutheran Social Services of Illinois. The Des Plaines-based non-profit social services organization is receiving $15,328 in unclaimed cash that was surrendered to Illinois State Treasurer Michael Frerichs’ office, which is responsible for safeguarding unclaimed property. “While we always work hard to give back unclaimed property to the rightful owners or heirs, we make an extra effort at this time of year to return money to non-profits because their generosity, kindness, and caring acts help so many people,” Frerichs said. “Our…

SPRINGFIELD — Kringle, Santa, Claus, Rudolph, Gift, Noel and Merry are among the millions of names in Illinois’ unclaimed property database with cash and property waiting to be claimed, Illinois State Treasurer Michael Frerichs said today. “We return unclaimed property year-round, but it’s that time of year when reuniting extra money and keepsakes with their rightful owners is even more special,” Frerichs said. “Check our property to claim.” What is unclaimed property? It is money or accounts within financial institutions or companies in which there has been no activity for…

SPRINGFIELD — Jewelry, collectible coins, sports memorabilia and historic souvenirs are among the more than 450 unclaimed property items to be auctioned online from December 5 through December 9. “Our online auction is a wonderful opportunity to discover rare and memorable finds, either for yourself or for that special someone who will appreciate them as gifts,” said Illinois State Treasurer Michael Frerichs, whose office oversees unclaimed property in Illinois. “You won’t even need to leave the comfort of your own home to participate in the auction.” Items to be auctioned…

SPRINGFIELD — The number of U.S. public companies that disclose the race, ethnicity and gender of their corporate board directors has increased an estimated 13-fold over the last two years, Illinois State Treasurer Michael Frerichs said today. Since 2020, Frerichs has led a coalition of investor organizations calling on companies in the Russell 3000 Index to disclose the makeup of their boards of directors – inclusive of gender, race and ethnicity – given the correlation between board diversity and long-term performance. Using 2022 data from Institutional Shareholder Services (ISS), Frerichs…