Illinois State Treasurer’s Office News Releases

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

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 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…

Read MoreIllinois State Treasurer Michael Frerichs Returns Record $308 Million to People, Businesses, Nonprofits in Fiscal Year 2026
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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 their financial stability and maximize resources that support communities throughout…

Read MoreTreasurer Frerichs Bill to Help Nonprofits Increase Investment Opportunities Is Now Law
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

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 that people are faced with higher housing costs and grocery…

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

$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 of the first completed projects, the new South Side headquarters…

Read MoreIllinois Treasurer Michael Frerichs Unveils New Investment Program to Build Affordable Housing
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Illinois Among Founding Partners of New Consortium to Expand Participation in 529 Education Savings Plans

State Treasurer Michael Frerichs Proposed the Idea While Serving as President of the National Association of State Treasurers The University of Chicago Becker Friedman Institute for Economics (BFI) and Stanford University Initiative for Financial Decision-Making (IFDM) are partnering with the National Association of State Treasurers through its education savings network, The 529 Network, with support from the National Endowment for Financial Education, to launch a new consortium dedicated to advancing research on public understanding of 529 education savings plans and related financial education and education access initiatives. Chicago, IL —…

Read MoreIllinois Among Founding Partners of New Consortium to Expand Participation in 529 Education Savings Plans