10/20/2026 | Press release | Distributed by Public on 10/20/2026 13:06
Funds Will Support Food and Work Readiness Programs in Champaign, Charleston, Chicago, Downers Grove, Murphysboro, West Frankfort, and Westmont
Key Points:
Illinois State Treasurer Michael Frerichs today announced nearly $180,000 in Charitable Trust grants to 10 nonprofit organizations that help people in need by providing food and job training. The grants total $178,210.
"These grants are important because they help nonprofits achieve their missions of serving others and strengthening communities," Treasurer Frerichs said at a news conference at Synapse House, a Charitable Trust grant recipient in Downers Grove. "We recognize that people are struggling with increased inflation and higher living expenses, and that the federal government is failing to make things better. We are proud to partner with these organizations that offer a helping hand to Illinoisans in need."
Where Is the Money Going?
The Charitable Trust Committee, an independent panel, chose 10 grant recipients from 75 applicants.
What Are the Nonprofits Saying?
What Are Charitable Trust Grants?
The Charitable Trust Stabilization Fund assists small nonprofits that have annual budgets of $1 million or less and at least one full-time employee. Money in the fund comes from fees that not-for-profit corporations pay when filing annual reports with the Illinois Secretary of State - and not from personal or property tax dollars.
Charitable Trust grants help nonprofits fulfill their missions to serve people in need by providing housing, food, and workforce and economic development assistance. For the spring 2026 grant cycle, funds were awarded to nonprofits with programs in either of two categories: food and workforce/economic development.
An independent 11-member committee selects the grant recipients and oversees the management and guidelines of the fund. The maximum award amount is $20,000 for each organization. Grant applicants located in an area with pervasive poverty, unemployment and economic distress will be given special attention. Previous grant recipients are eligible to apply if the term of their grant has been complete for at least one calendar year.
What Has the Impact Been?
Since being established in 2017, the Charitable Trust Stabilization Fund program has awarded $5.4 million through 271 grants to 215 charitable organizations in 77 cities across Illinois. The program has impacted hundreds of thousands of people's lives for the better.
When Can Small Nonprofits Apply for a Grant?
About the Treasurer
The Illinois State Treasurer's Office is a powerful economic engine that invests in people to drive prosperity, development and growth throughout the state. As State Treasurer, Michael Frerichs (FRAIR'iks) is the state's Chief Investment and Banking Officer and actively manages approximately $60 billion. The investments help families pay for college and trade school; workers save for a dignified retirement; and local governments process bill payments more efficiently so they can pass along the savings to taxpayers. The office provides financial institutions with money to loan to farmers, small business owners, and qualified individuals at below-market rates because better jobs create stronger communities. The office operates the state's largest consumer-protection initiative, the missing money ICash program, which has returned a record-breaking $2.65 billion since Frerichs was elected.