
Illinois State Treasurer Michael Frerichs today announced $195,000 in Charitable Trust grants to 10 nonprofit organizations across the state that provide food and housing to people in need.
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“Through these grants, we are lending a hand to people who are struggling to meet basic needs like food and shelter,” Treasurer Frerichs said at a news conference in Chicago. “We recognize that people are faced with higher housing costs and grocery prices while the federal government is abandoning its responsibilities. We are proud to team up with these nonprofit organizations that strengthen their communities by diligently working to improve the lives of Illinoisans in need.”
Where Is the Money Going?
An independent panel chose 10 grant recipients from 75 applicants.
What Are the Nonprofits Saying?
Grant recipients say the money will help them carry out their missions to assist people in need.
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 fall 2025 grant cycle, funds were awarded to nonprofits in two categories: organizations that provide housing services and food programs.
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. Grant applicants located in an area where pervasive poverty, unemployment and economic distress exist 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 261 grants — totaling more than $5.2 million — to 209 nonprofit organizations. The program has impacted hundreds of thousands of people’s lives for the better.
When Can Small Nonprofits Apply for a Grant?
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. For more information, visit ilcharitabletrust.com.
In addition, Treasurer Frerichs recently unveiled the new Charitable Trust Hunger Relief Grant program to help volunteer groups battling hunger and food insecurity in the wake of federal government cuts to critical food programs.
The Hunger Relief Grant program, which will provide grants of up to $5,000, is open to smaller, volunteer-driven organizations that do not have a full-time employee. Eligible food pantries, soup kitchens, and similar nonprofit organizations may apply for a Hunger Relief Grant through July 31. Learn more and apply online here.
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 $2.6 billion since Frerichs was elected.
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