2024

$88.8 million earned for cities, school districts through Illinois Funds The State Treasurer’s Office made more than $126.4 million in investment earnings from the state investment portfolio in April, Illinois Treasurer Michael Frerichs announced today. Another $88.8 million in gross investment earnings was earned for cities, villages, school districts, counties and other units of government that take part in the highly rated Illinois Funds local government investment pool operated by the State Treasurer’s Office. “This earned interest income, rather than tax dollars, can be used to fix roads, repair bridges,…

With the arrival of May 29, also known as 529 Day and National College Savings Day, State Treasurer Michael Frerichs is reminding families it’s always a good time to open or add to an Illinois 529 college savings plan. Frerichs’ office has been partnering with Illinois children’s museums to create special opportunities for families to learn more about college savings plans while taking advantage of a free or discounted admission. “If a child knows he or she has a college savings plan, that child is three times more likely to…

10 Purple Hearts Returned in Unprecedented Mission To Honor Soldiers and Bring Closure to Families Four Additional Purple Hearts Turned Over for Safekeeping Until They Can Be Returned CHICAGO — As Memorial Day approaches, Illinois State Treasurer Michael Frerichs is urging people to help with Operation Purple Heart, an unprecedented mission to return Purple Heart medals to their rightful owners. The military honors were submitted to the Illinois State Treasurer ’s Office for safekeeping and return as part of the Unclaimed Property program, also known as I-Cash or missing money.…

Frerichs Recognizes Great Achievements of Community Leaders CHICAGO — Illinois State Treasurer Michael Frerichs today hosted a celebration to highlight the achievements of community leaders during Asian Pacific American Heritage Month. This year’s theme for Asian Pacific American Heritage Month is “Advancing Leaders Through Innovation.” The event, which was held at the state government building at 555 W. Monroe St., honored 10 people for their contributions to their communities: restaurant owners, a chamber of commerce leader, an immigrant rights advocate, a medical school dean, an appellate justice, a labor leader,…

Nearly $2 Billion Returned Since He Took Office SPRINGFIELD — Illinois State Treasurer Michael Frerichs returned more than $20.6 million to Illinois residents during April through the state’s missing money program called I-Cash. The total includes nearly $19.7 million in cash and interest and nearly $955,000 in stock value. All told, the State Treasurer’s Office returned missing money to 16,622 people in April. “Putting money back in people’s pockets helps families and our state’s economy,” Frerichs said. “We are happy to return the money to its rightful owners, who can…