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 serve.” The Charitable Trust Stabilization Fund assists small nonprofits with annual budgets of $1 million or less. The fund’s money comes from filing fees that nonprofits pay when incorporating in the state of Illinois – not from personal or property tax dollars. For the second grant cycle of 2023, up to $200,000 is available.
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