2024

Ten small Illinois nonprofits, including organizations in Chicago, northern Illinois and central Illinois, are receiving a combined $191,815 in grant funds through the Charitable Trust Stabilization Program, which is managed by State Treasurer Michael Frerichs’ office. “Small nonprofit organizations play vital roles in our state by providing a helping hand to people in need,” Frerichs said. “Their good work benefits individuals, as well as communities, and I’m proud to support their efforts through the Charitable Trust program.” Charitable Trust grants help nonprofits fulfill their missions to serve people in need…

Items At Treasurer Frerichs’ Public Preview of State Fair Unclaimed Property Auction Auction Preview Set for July 25 in Springfield A woman’s 18-karat yellow gold Rolex Oyster watch, Mike Singletary and Troy Aikman football cards, uncut sheets of American currency, and scores of collectable coins, bills and bars of precious metals are just some of the 250 unclaimed property lots on display for the public to preview on Thursday before next month’s live auction at the Illinois State Fair. “We are excited to host the unclaimed property auction at the…

CHICAGO — Ahead of the Independence Day holiday, Illinois State Treasurer Michael Frerichs today returned a missing Purple Heart medal to the family of a late Army Air Corps veteran from Park Ridge. The medal, given to those wounded or killed in military combat, belonged to Jerome Even, who served in the U.S. Army Air Corps and rose to the rank of Master Sergeant. Mr. Even put the medal in a bank safe deposit box. He died in April 2014 at age 92 , and the contents of the safe…

SPRINGFIELD — Illinois State Treasurer Michael Frerichs is partnering with the Springfield Kidzeum for a reduced-admission day to encourage families to start saving early for college. “The best time to start saving for college is yesterday,” Frerichs said. “The second-best time to start saving is today.” The State Treasurer’s Office and the Kidzeum of Health and Science are promoting Illinois 529 college savings plans. If a child knows they have a college savings plan, they are three times more likely to attend college. Admission will be $5.29 on Saturday, June…

The State Treasurer’s Office made a record $130.1 million in investment earnings from the state investment portfolio in May, 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. So far in Fiscal Year 2024, Frerichs’ Office has earned more than $1.3 billion for the state portfolio. “Every dollar we earn in interest is a dollar that lawmakers don’t have to raise in taxes,” Frerichs said. “The State Treasurer’s Office cannot solve…