Illinois State Treasurer’s Office News Releases

CHICAGO — Illinois State Treasurer Michael Frerichs is calling on lawmakers to support his initiative to create a new investment pool enabling nonprofit organizations to invest together in higher-interest portfolios and generate additional funds for their good works. “The Illinois Funds investment pool is known for being safe, liquid, and competitive, and it has a strong track record of benefiting municipalities, educational institutions, and other governmental bodies,” Frerichs said. “Nonprofit organizations work hard to fulfill their missions to improve the lives of others, and they deserve to have the chance…

SPRINGFIELD — Bright Start has been named the nation’s Best 529 College Savings Plan for 2024 by Business Insider, Illinois State Treasurer Michael Frerichs announced today. “It’s important to note that not all 529 accounts are built the same,” Business Insider wrote. “The best state 529 plans have low minimum requirements, low fees, diverse investment options and a tax deduction benefit.” State Treasurer Frerichs said he appreciates the recognition for the Office’s work on Bright Start, which has gone from one of the nation’s worst college savings plans before he…