Illinois State Treasurer’s Office News Releases

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Treasurer Michael Frerichs Announces Winners of 2024 Cream of the Crop Photography Contest

Nine photographers ages 8 to 18 won Bright Start college savings scholarships in the Cream of the Crop Photo Contest, Illinois State Treasurer Michael Frerichs announced today. “The students showed amazing creativity and talent with these photos,” Frerichs said. “The images beautifully capture the wonderful diversity of Illinois agriculture.” The winning photograph s will be displayed during the Illinois State Fair in the Treasurer’s Tent. You can see the photos of the top three finishers in each of the three age categories on the State Treasurer’s website. Winning entries and…

Read MoreTreasurer Michael Frerichs Announces Winners of 2024 Cream of the Crop Photography Contest
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Illinois State Treasurer Michael Frerichs’ Plan to Allow Leftover College Savings Funds to Be Used For Retirement Signed Into Law

Parents who don’t use all the money in their Illinois 529 College Savings Accounts (Bright Start and Bright Directions) are now able to roll over the funds into a Roth IRA under Illinois Treasurer Michael Frerichs’ plan that was signed into law . “This will give parents another option when deciding what to do with the money they’ve saved for their children if they don’t use all of it,” said Treasurer Frerichs, who thanked Gov. JB Pritzker for signing the legislation and State Sen. Steve Stadelman and State Rep. Diane…

Read MoreIllinois State Treasurer Michael Frerichs’ Plan to Allow Leftover College Savings Funds to Be Used For Retirement Signed Into Law
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Illinois State Treasurer Michael Frerichs’ Plan to Allow Leftover College Savings Funds to Be Used For Retirement Signed Into Law

Parents who don’t use all the money in their Illinois 529 College Savings Accounts (Bright Start and Bright Directions) are now able to roll over the funds into a Roth IRA under Illinois Treasurer Michael Frerichs’ plan that was signed into law. “This will give parents another option when deciding what to do with the money they’ve saved for their children if they don’t use all of it,” said Treasurer Frerichs, who thanked Gov. JB Pritzker for signing the legislation and State Sen. Steve Stadelman and State Rep. Diane Blair-…

Read MoreIllinois State Treasurer Michael Frerichs’ Plan to Allow Leftover College Savings Funds to Be Used For Retirement Signed Into Law
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State Treasurer Michael Frerichs Announces 10 Illinois Nonprofit Groups Chosen to Receive More Than $191 ,000 in Charitable Trust Grants

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…

Read MoreState Treasurer Michael Frerichs Announces 10 Illinois Nonprofit Groups Chosen to Receive More Than $191 ,000 in Charitable Trust Grants