Illinois State Treasurer’s Office News Releases

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FITCH Affirms Top AAA Rating to Illinois Funds

SPRINGFIELD — The Illinois Funds, a mutual fund investment used by local governments through the Illinois State Treasurer’s Office, has earned the top AAA rating from Fitch Ratings, Illinois State Treasurer Michael Frerichs said today. The Illinois Funds rating reaffirms the confidence Fitch showed in the program during the last year. The Illinois Funds provides more than 1,500 units of local government a safe investment vehicle with competitive rates that are designed to complement, not compete with, local banking relationships. “This is an example of an outside firm pointing out…

Read MoreFITCH Affirms Top AAA Rating to Illinois Funds
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Last Call: State Treasurer Michael Frerichs Reminds Illinois Students to Submit Photos for 2023 Cream of the Crop Contest by June 12

SPRINGFIELD — State Treasurer Michael Frerichs reminds young Illinois photographers, ages 8 to 18, to submit their best work for the 2023 Cream of the Crop Photo Contest by the deadline of June 12. The students who earn first, second or third place in each of three age categories will receive up to $1,000 in scholarship prize money, Frerichs said. The contest is designed to encourage young people to share their vision of Illinois agriculture through photography. “Our Cream of the Crop Photo Contest offers a wonderful way for students…

Read MoreLast Call: State Treasurer Michael Frerichs Reminds Illinois Students to Submit Photos for 2023 Cream of the Crop Contest by June 12
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Nine Illinois Nonprofit Groups Chosen for $175,000 in Charitable Trust Grants, State Treasurer Michael Frerichs Announces

SPRINGFIELD — Nine small Illinois nonprofits, including organizations in Chicago, central Illinois and the Metro East, are sharing $175,000 in grant funds through the Charitable Trust Stabilization Program, which is managed by Illinois State Treasurer Michael Frerichs’ office. The funds will help the nonprofits fulfill their missions to help people by providing food and housing, as well as workforce and economic development assistance. “Small nonprofit organizations play a vital role by assisting people in need,” Frerichs said. “Through the Charitable Trust program, I’m proud to support the work of these…

Read MoreNine Illinois Nonprofit Groups Chosen for $175,000 in Charitable Trust Grants, State Treasurer Michael Frerichs Announces