Illinois State Treasurer’s Office News Releases

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Treasurer Frerichs Invites Nonprofits to Apply for $200,000 in Charitable Trust Grants

SPRINGFIELD — Small nonprofits that help people with housing or workforce and economic development assistance are encouraged to apply for funding through the Charitable Trust Stabilization Program, Illinois State Treasurer Michael Frerichs said today. Grant applications will be accepted through Sept. 30. “We are helping these organizations fulfill their important role in securing housing, employment, and job training for people in need,” said Frerichs, whose office manages the program. “The Charitable Trust program offers an excellent opportunity for small non-profits to have an even greater impact on the people they…

Read MoreTreasurer Frerichs Invites Nonprofits to Apply for $200,000 in Charitable Trust Grants
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Provides New Loan Option for College Students Partnership with Non-Profit ISL Education Lending Provides Low-Cost Student Loans for Illinois Residents

SPRINGFIELD — A new, low-cost loan program to bridge the gap between college savings and financial aid will make it easier for thousands of Illinois residents to graduate with a university degree, Illinois State Treasurer Michael Frerichs said today. The state treasurer’s office is partnering with the non-profit ISL Education Lending to offer transparent and affordable private student loans to qualifying Illinois students and families when the student will attend a nonprofit college or university in Illinois. “We firmly believe the best way to pay for college is investing early…

Read MoreProvides New Loan Option for College Students Partnership with Non-Profit ISL Education Lending Provides Low-Cost Student Loans for Illinois Residents
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Illinois State Treasurer Michael Frerichs Eclipses $2 Billion in Investment Earnings Since Taking Office

SPRINGFIELD — Illinois State Treasurer Michael Frerichs has earned more than $2 billion in investment earnings from the state portfolio since taking office, the Illinois State Treasurer’s Office announced today. That total includes a record $113 million in May investment earnings from the state portfolio. The office earned an additional $81.4 million in gross investment earnings in May for cities, villages, school districts, counties and other units of local government that take part in the highly rated Illinois Funds local government investment pool. Frerichs now has surged past the $1…

Read MoreIllinois State Treasurer Michael Frerichs Eclipses $2 Billion in Investment Earnings Since Taking Office