Treasurer Frerichs joins non-profits, southern IL for the Charitable Trust Stabilization Fund

Treasurer Frerichs joins non-profits, southern IL for the Charitable Trust Stabilization Fund
Treasurer Michael Frerichs joined the Illinois Hunger Coalition and the United Way of Southern Illinois to encourage local not-for-profit organizations to apply for grant money through the Charitable Trust Stabilization Fund. (Source: Chris Drury, KFVS)

MARION, IL (KFVS) - Treasurer Michael Frerichs joined the Illinois Hunger Coalition and the United Way of Southern Illinois to encourage local not-for-profit organizations to apply for grant money through the Charitable Trust Stabilization Fund.

The 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.

“The Charitable Trust Stabilization Fund is specifically designed and committed to helping small non-profits throughout the state,” Frerichs said. “Today, I am in Marion to encourage organizations in the southern Illinois area to apply for this grant to help local communities with economic development, housing needs, and food programs.”

The Charitable Trust Stabilization Fund focuses grant-making in three categories: workforce and economic development, housing, and food programs. Grant applicants located in an area where pervasive poverty, unemployment, and economic distress exist are given special attention.

The current application process runs now through March 31, 2019. The online application is at www.illinoistreasurer.gov.

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