Illinois State Treasurer’s Office News Releases

illinois state treasurer seal

National ABLE Alliance Reaches $150 Million in Savings for People with Disabilities

SPRINGFIELD — People with disabilities have saved more than $150 million using Achieving a Better Life Experience (ABLE) accounts through the National ABLE Alliance, Illinois State Treasurer Michael Frerichs announced today. Frerichs says the milestone triggered a lower cost for families through a fee reduction of 2 basis points. The National ABLE Alliance, an 18-member, bi-partisan consortium, provides a high-quality, low- cost investment and savings program for people with disabilities that allows them to preserve their federal benefits while saving for expenses that come with living with a disability. With…

Read MoreNational ABLE Alliance Reaches $150 Million in Savings for People with Disabilities
illinois state treasurer seal

Treasurer Frerichs Reminds Non-Profits of March 31 Deadline to Apply for $250,000 in Grants Available Through Charitable Trust Program

SPRINGFIELD — Illinois State Treasurer Michael Frerichs today reminded small non-profits that the deadline to apply for funding through the Charitable Trust Stabilization Program is March 31. “We know that this pandemic has inflicted financial harm across our country, including many non-profits,” Frerichs said. “This is an opportunity for us to help these small non-profits serving in their communities when they need it most.” The Charitable Trust Stabilization Fund assists small non-profits with annual budgets of $1 million or less. Money comes from filing fees non-profits pay when incorporating in…

Read MoreTreasurer Frerichs Reminds Non-Profits of March 31 Deadline to Apply for $250,000 in Grants Available Through Charitable Trust Program
illinois state treasurer seal

Treasurer Frerichs Earns $1 Billion in Investment Earnings for State

SPRINGFIELD — Illinois has now surpassed $1 Billion in state investment earnings since he assumed office, Illinois State Treasurer Michael Frerichs said today. The milestone was confirmed in March and involves the earnings on what is currently a $17 Billion state portfolio. Frerichs has been state treasurer since 2015. “The main job of the Illinois State Treasurer since 1818 has been investing state tax dollars,” Frerichs said. “Making smart and sound investments may not be glamorous, but it is what we do every day.” Although the treasurer is the state’s…

Read MoreTreasurer Frerichs Earns $1 Billion in Investment Earnings for State
illinois state treasurer seal

Rep. Raja Krishnamoorthi, Treasurer Michael Frerichs Call on Congress to Pass Bill to Help Teach Kids Financial Management Skills

CHICAGO — Today, U.S. Representative Raja Krishnamoorthi (D-IL-08) and Illinois State Treasurer Michael Frerichs called on Congress to pass a bill introduced in the U.S. House of Representatives to prepare today’s students for financial success in adulthood. The Youth Financial Learning Act would create a competitive grant program to support school-based financial literacy programs for students, specifically those focused on personal credit and student loan management. “As we prepare young people for their careers, we need to help prepare them to make sound financial decisions as they learn how to…

Read MoreRep. Raja Krishnamoorthi, Treasurer Michael Frerichs Call on Congress to Pass Bill to Help Teach Kids Financial Management Skills