A charitable trust program has opened $200,000 for non-profits that provide food, housing assistance, and workforce and economic development. State Treasurer Michael Frerichs says the program will help small non-profits to apply for grants to continue to help serve the public.
The Charitable Trust Stabilization Fund assists these small non-profits with annual budgets of $1 million or less. Money comes from filing fees non-profits pay when they incorporate into the state. The $200,000 that is available will be split into 10 different non-profits with the maximum award for each organization up to $20,000. Close to $3.3 million has been awarded to 163 non-profits already since the program was established in 2017.
Awardees are selected by an 11-member committee which oversees the management and guidelines of the funds. Previous grant recipients are eligible to apply but their grant has to be complete for at least one calendar year. Applications will be accepted through March 31st for the first cycle, with the second cycle running from July 1st through September 30th. Find out more at www.ilcharitabletrust.com or contact the treasurer’s office at 217-836-4590.