2026

Treasurer Frerichs stands with a man and a woman, all holding a giant check for $20,040

Illinois State Treasurer Michael Frerichs Returns Record $308 Million to People, Businesses, Nonprofits in Fiscal Year 2026

Illinois State Treasurer Michael Frerichs returned a record $307.8 million in missing money to more than 567,000 residents, businesses and organizations through the ICash program during Fiscal Year 2026. “Our changes to ICash allowed us to return more money to more people,” Frerichs said. “We are proud to set records, but we’re even more proud of helping folks. Reuniting people with money that rightfully belongs to them is even more important as inflation and decisions made by the Trump administration squeeze the average person and make food and gas harder…

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Exterior of Illinois State Capitol against a blue sky

Treasurer Frerichs Bill to Help Nonprofits Increase Investment Opportunities Is Now Law

SPRINGFIELD – Illinois State Treasurer Michael Frerichs’ measure to expand investment opportunities for non-profit organizations across the state is now law after Gov. JB Pritzker recently signed the bill. Senate Bill 2968 creates the Non-Profit Investment Pool, a safe and efficient investment option allowing eligible nonprofits to make the most of available funds while reducing administrative burdens. The law is intended to help nonprofits strengthen their financial stability and maximize resources that support communities throughout the state. “We worked with lawmakers and the Governor’s Office to pass this law, and…

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Treasurer Frerichs speaks with a woman in the kitchen of a food pantry and service agency

Treasurer Michael Frerichs Announces Nearly $200,000 in Grants for Small Nonprofits in Illinois

Key Points: Illinois State Treasurer Michael Frerichs today announced $195,000 in Charitable Trust grants to 10 nonprofit organizations across the state that provide food and housing to people in need. “Through these grants, we are lending a hand to people who are struggling to meet basic needs like food and shelter,” Treasurer Frerichs said at a news conference in Chicago. “We recognize that people are faced with higher housing costs and grocery prices while the federal government is abandoning its responsibilities. We are proud to team up with these nonprofit…

Read MoreTreasurer Michael Frerichs Announces Nearly $200,000 in Grants for Small Nonprofits in Illinois
Treasurer Frerichs as a boy, around age 8, climbing the stairs to exit a swimming pool

Helping You Build Good Money Habits

The 1980s seemed to be peak suntanning culture in America. In movies, the cool kids had a deep, dark tan. The ads for sunscreen focused on getting a nice even brown. In the summer, it seemed like everyone was grabbing some rays, and in the winter, tanning beds were a thing. I got caught up in the craze. I never visited a tanning salon, but I also rarely used sunscreen. I don’t think the sun’s harmful effects were clear to me until one particularly long suntanning session on our deck. Sure,…

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Shermann Dilla Thomas speaks at a microphone as Treasurer Frerichs and another man watch

Illinois Treasurer Michael Frerichs Unveils New Investment Program to Build Affordable Housing

Illinois Treasurer Michael Frerichs today unveiled a new community investment program designed to build affordable housing, help nonprofits, and generate returns for the state. Frerichs invested $10 million with IFF , a Chicago-based Community Development Financial Institution that promotes economic development by providing financing and real estate consulting across the Midwest to nonprofits and people underserved by traditional financial institutions, particularly in low-income communities. On Tuesday, Frerichs highlighted one of the first completed projects, the new South Side headquarters of the Chicago Mahogany Foundation , award-winning Chicago historian Shermann “Dilla”…

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