Illinois State Treasurer’s Office News Releases

Treasurer Frerichs and 2 other people standing outside at a construction site as the Chicago skyline is in the background, and a TV camera person is on the left

September 3, 2026

Illinois Treasurer Frerichs, Labor Leaders Highlight New Law Allowing Investment in Affordable Housing Ahead of Labor Day

AFL-CIO Housing Investment Trust Partnership Will Create Illinois Jobs, Build Affordable Housing, Generate Investment Returns Video will be available here: Ahead of Labor Day, Illinois State Treasurer Michael Frerichs, labor leaders, and state legislators on Thursday highlighted a new law that will allow him to make investments to build more affordable housing. Senate Bill 3086, which passed with bipartisan support in late May, allows Treasurer Frerichs to invest in the AFL-CIO Housing Investment Trust. The fund focuses on building…

Treasurer Frerichs wearing a dark suit and orange tie, with his arm crossed. U.S. and Illinois flags are to his right.

August 31, 2026

Treasurer Frerichs Makes $1.45 Billion In Investment Earnings on State Portfolio

$750 million earned for local government through Illinois Funds The State Treasurer’s Office made $1.45 billion in investment earnings from the state investment portfolio during Fiscal Year 2026, Illinois Treasurer Michael Frerichs announced today. Treasurer Frerichs is the state’s Chief Investment and Banking Officer. He is responsible for investing state revenue in the state investment portfolio. “Every dollar we earn in interest for the people of Illinois is a dollar that lawmakers don’t have to raise in taxes or cut…

Treasurer Frerichs speaks from a podium as 2 people stand beside him. On a wall to the left is a large photo of a white dog

August 26, 2026

Illinois Treasurer Frerichs, Ald. Hopkins Return $28,000 To PAWS Chicago on National Dog Day

I-CASH Program Continues to Set Records Video to be posted here: Illinois Treasurer Michael Frerichs marked National Dog Day on Wednesday by returning $28,000 in unclaimed property to PAWS Chicago. “PAWS Chicago does such a great job finding so many dogs and cats their forever homes, and it’s our job to reunite people with money that belongs to them through the I-CASH program,” Treasurer Frerichs said. “We are proud to team up with PAWS Chicago to put the money…

Illinois state flag with eagle and shield

August 25, 2026

Illinois Treasurer Frerichs Applauds Signing of Bill Allowing Investment in Union-Built Affordable Housing

AFL-CIO Housing Investment Trust Creates Illinois Jobs, Adds to Affordable Housing, Offers Investment Returns Illinois State Treasurer Michael Frerichs on Tuesday applauded a new law that will allow him to make investments to build more affordable housing. Gov. JB Pritzker signed into law Senate Bill 3086, which passed with bipartisan support in late May. The bill allows Treasurer Frerichs to invest in the AFL-CIO Housing Investment Trust, which focuses on building and preserving affordable and workforce housing, creating union construction…

Eight baseball cards from the 1950s and 1960s, all featuring Ernie Banks of the Chicago Cubs

August 3, 2026

Ernie Banks & Mickey Mantle Baseball Cards, Gold Coins, and More on Tap at Treasurer Frerichs’ Unclaimed Property Auction Preview

Video will be posted here: Baseball cards of Cubs legend Ernie Banks and Yankees great Mickey Mantle, a 14-karat white gold ring with a 10-carat blue sapphire and 14 diamonds, and Morgan silver dollars from various years are just some of the pieces of unclaimed property that the public can preview today (Monday, August 3). “The preview we’re hosting today is a great opportunity for people to check out the items that we will be auctioning later this month…

Green corn leaves in a field with an overcast sky above. Photo is titled Corn Rows.

July 29, 2026

Treasurer Michael Frerichs Announces Winners of 2026 Cream of the Crop Photography Contest

Students Earn Bright Start Scholarships, and Their Photos Will be Displayed at Illinois State Fair Key Points: State Treasurer Michael Frerichs has announced the winning photographers for the 2026 Cream of the Crop Photography Contest, which provides Illinois students with a creative opportunity to share their vision of agriculture in our state. The top nine photographers, ages 8 to 18, will be awarded Bright Start 529 college savings scholarships. “Congratulations to the young Illinoisans who explored their surroundings, tapped into…

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

July 21, 2026

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

Pair of $1 Million+ Returns Start Off New Fiscal Year Strong 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 I-CASH program during Fiscal Year 2026. “Our changes to I-CASH 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…

Exterior of Illinois State Capitol against a blue sky

July 14, 2026

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

Bipartisan support in House & Senate, Governor’s input and signature helped make this legislation possible 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…

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

July 13, 2026

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

Funds Will Support Housing and Food Programs in Aurora, Elgin, Aledo, Galesburg, Danville, Herrin, Peru, Pittsfield, and Chicago 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…

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

June 23, 2026

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

$10 Million Partnership with IFF Helps Nonprofits, Generates Investment Returns for State 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…