Illinois State Treasurer’s Office News Releases
State Treasurer Michael Frerichs Returns $27,000 To The Salvation Army
An early holiday gift to The Salvation Army will help people in need. Illinois State Treasurer Michael Frerichs on Wednesday returned $27,100 in I-CASH missing money to The Salvation Army, the charitable organization widely known for its iconic Red Kettle Christmas fundraising campaign. The Salvation Army is the largest non- governmental provider of social services in the world. “We make an extra effort at this time of year to return money to nonprofits and groups that helps others in need,” said Frerichs, who returned the money at The Salvation Army…
Midwest Investors Initiative Continues to Affect Change in Corporate Boards
(SPRINGFIELD, IL ) – The Midwest Investors Diversity Initiative (“MIDI”), a 15-member alliance of Midwest -based institutional investors with more than $1 trillion in assets under management and advisement, reported progress today on its efforts to increase board diversity at companies. During the 2023- 2024 proxy season, MIDI members engaged 13 companies, specifically related to their board diversity. These engagements resulted in: o Eight companies appointed or committed to appoint a diverse director, one of which appointed two diverse directors o All 13 companies engaged adopted a diverse search policy…
Struggling to Find a Holiday Gift? State Treasurer Frerichs Suggests Contributing to a College Savings Account
Stuck on what to get a child or grandchild for the holidays? Investing in their future is a great gift, and it’s easier than ever to contribute to their Bright Start 529 college savings account. You can even do it on your phone. Illinois Treasurer Michael Frerichs is encouraging family members and friends to give the future gift of college or vocational school this year by making a contribution to a loved one’s Bright Start 529 college saving account. Bright Start 529 r ecently introduced a new phone app, so…
State Treasurer Frerichs, Illinois Department of Labor Team Up To Return Unpaid Wages and Penalties to Illinois Workers
Illinois workers can now search State Treasurer Michael Frerichs’ I-CASH website to see if unpaid wages and penalties pursued and collected by the Illinois Department of Labor are waiting for them to claim. The addition of recovered wages to Treasurer Frerichs’ missing money site is the result of a change in the law that State Sen. Robert Peters and State Rep. Marcus C. Evans Jr. shepherded through the General Assembly last year. The Illinois Department of Labor (IDOL) investigates wage theft and recovers back wages when it finds that an…