SPRINGFIELD – Illinois State Treasurer Michael Frerichs today encouraged small non-profit organizations to apply for Charitable Trust Stabilization Fund grants.
“Charitable Trust provides a great opportunity for small non-profits to apply for funding to keep their organizations thriving,” Frerichs said. “I am proud of the success of the program and have seen first-hand the positive impact in communities throughout the state.”
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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 the state of Illinois, not personal or property tax dollars.
More than $2.2 million has been awarded to 100 non-profit organizations through the Charitable Trust Stabilization Fund since the program was established in 2017. Awardees are selected by an 11-member board, which oversees the management and guidelines of the fund.
The 2020 cycle will focus grants to non-profits in three areas: Food Programs, Housing, and Workforce & Economic Development.
The current application window is open until March 31, 2020. The next application cycle runs from July 1 to September 30, 2020. Visit www.illinoistreasurer.gov to complete an application online or contact the treasurer’s office at (312) 814?1817.
