If you’re a small non-profit that could use some financial assistance, Illinois State Treasurer Michael Frerichs is reminding those in need that March 31 is the last day that applications for this cycles Charitable Trust Stabilization Program grant.
As per the office of the treasurer, the Charitable Trust Stabilization Fund assists small non-profits with annual budgets of $1 million or less. Furthermore, the fund’s money comes from filing fees that non-profits pay when incorporating in the state of Illinois – and not from personal or property tax dollars.
For the first grant cycle of 2023, up to $200,000 is available to be divided among 10 non-profits. The maximum award amount is $20,000 for each organization. An independent 11-member committee, which oversees the management and guidelines of the fund, will select the grant recipients.
Previous grant recipients are eligible to apply if the term of their grant has been complete for at least one calendar year.
The State Treasurer noted that “Small non-profit organizations contribute greatly to their communities, and I’m proud to support their work. Charitable Trust grants help organizations fulfill their missions of providing food, job training, and work to people in need.”
The second Charitable Trust grant cycle of 2023 will take place from July 1 to September 30. Those grants will be awarded to non-profits that focus on providing people with housing or workforce and economic development assistance.
Visit ilcharitabletrust.com to complete an application online or contact the treasurer’s office at (217) 836-4590.
