Illinois Treasurer’s Office disburses $200K in Charitable Trust grants for small nonprofits

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Ten small Illinois nonprofits are receiving a combined $200,000 in state grants through the Charitable Trust Stabilization Program. Managed by State Treasurer Michael Frerichs’ office, the Charitable Trust Stabilization Fund assists small nonprofits that have annual budgets of $1 million 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.

For the fall 2024 grant cycle, funds were awarded to nonprofits in two categories: organizations with food programs and organizations with workforce and economic development programs. The 10 grant recipients were selected from 110 applicants.

“Throughout our state, small nonprofit organizations provide hot meals, job training, and other vital services to people who need a helping hand,” said Frerichs at a news conference at Christian Care in Rock Island to announce the grants. “This good work benefits individuals, and it makes our communities better places to live and raise a family. I’m proud to support nonprofits through the Charitable Trust program.”

The latest grant winners say the money will help them carry out their missions: to serve people in need by providing housing, food, and workforce and economic development assistance.

“The Night’s Shield Homeless Youth Program will utilize the Charitable Trust Grant to fund educational and employment needs for our clients,” said Lindsay Jennings, executive director of The Night’s Shield in West Frankfort. “This funding will allow us to better assist our clients in obtaining education and/or employment to ensure their long-term stability and independence.”

Grant applicants located in an area where pervasive poverty, unemployment and economic distress exist are given special attention. An independent 11-member committee, which oversees the management and guidelines of the fund, selects the grant recipients. The maximum award amount is $20,000 for each organization.

Previous grant recipients are eligible to apply if the term of their grant has been complete for at least one calendar year.

Each awardee received the maximum grant amount of $20,000:

Since being established in 2017, the Charitable Trust Stabilization Fund program has awarded 241 grants — totaling more than $4.8 million — to 204 nonprofit organizations. The program’s disbursements have impacted more than 100,000 people throughout Illinois.

The Charitable Trust Stabilization Fund’s next grant application period will run from July 1 to September 30 and will award grants to nonprofit charitable programs in two categories: food and housing. Mor information can be found by visiting ilcharitabletrust.com or by contacting the Treasurer’s Office at (217)-836-4590.

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via Woodward Springfield https://wcmspi.com

May 11, 2025 at 03:32PM

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