What happens to your 529 college savings account if your child doesn’t attend college? A new Illinois law addresses this issue by allowing parents to roll the funds into a Roth IRA. Recently, Treasurer Frerichs sat down with Fox32 Chicago to discuss Bright Start College Savings and how this new law makes it even easier for parents to save for their child’s education. #CollegeSavings #BrightStart #Illinois
Office of the Illinois State Treasurer
Financial Services
Chicago, Illinois 1,514 followers
Invested in You
About us
The Illinois State Treasurer’s Office is dedicated to protecting the state’s portfolio, ensuring the liquidity of all investments, and consistently producing earnings at or above industry standards. Our investment decisions promote education, access, and opportunity for individuals and governmental bodies across our state to give families the tools to achieve the American Dream. The Treasurer’s Office is committed to fulfilling this mission in a highly professional and ethical manner, while striving for transparency, efficiency, and preservation of public trust. - State Investments - Illinois Growth & Innovation Fund (growth equity and venture capital) - Secure Choice Retirement Savings - Bright Start and Bright Directions College Savings Plans - Raising the Bar (ESG investments & corporate governance) - Student Investment Account (student loans) - Invest in Illinois programs (access to capital) - Illinois Funds (local government investment pool) - ePAY Merchant Payment Processing (credit and debit cards) - State Banking - Cannabis Banking - iCash/Unclaimed Property - Financial Education
- Website
-
http://www.illinoistreasurer.gov
External link for Office of the Illinois State Treasurer
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Chicago, Illinois
- Type
- Government Agency
- Founded
- 1818
- Specialties
- Financial Services, Economic Development, Investment Management, Capital Markets, Impact Investing, ESG Investing, Venture Capital, Banking, Retirement Savings, College Savings, and Financial Education
Locations
-
Primary
555 W Monroe St
14th Floor
Chicago, Illinois 60661, US
-
1 E Old State Capitol St
Springfield, Illinois 62701, US
-
Capitol Building
219 Statehouse
Springfield, Illinois 62706, US
Employees at Office of the Illinois State Treasurer
Updates
-
It’s always a pleasure to see Illinois Innovation in action. Recently, Treasurer Frerichs visited the Argonne National Laboratory to learn about ReCell, a lithium-ion battery recycling center, and discuss the Illinois Growth and Innovation Fund. Through targeted investments, we are working to attract, assist, and retain quality technology businesses in Illinois. Thank you, Argonne, for the opportunity to learn about your incredible work! #TreasurerVisit #IllinoisInvestments #Innovation
-
In our weekly newsletter, Treasurer Frerichs reflects on a valuable lesson he learned from his mom and dad’s vegetable garden: it’s better to have extra and share than not have enough. Check out our newsletter to learn how programs like Charitable Trust are helping Illinois non-profits address food insecurity. We’ll be accepting Charitable Trust grant applications through the end of September and encourage non-profits with annual budgets of $1 million or less to apply.
Sharing Our Abundance
illinoistreasurergovprod.blob.core.usgovcloudapi.net
-
Happy Agriculture Day! To celebrate, the Illinois State Treasurer's Office is excited to announce the winners of this year's Cream of the Crop Photography Contest who have won Bright Start scholarships--congratulations! Thank you for capturing the beauty of agriculture in Illinois. These pictures will be featured in the Ag Invest Photography Calendar. Be on the look out for more information coming soon!
-
+4
-
Last week you saw the latest Charitable Trust grant winners. Are you ready for an opportunity to receive a grant? Now's your chance! A new Charitable Trust grant cycle is now open! Grants will be awarded to nonprofit programs doing work in either of two categories: food assistance and economic and workforce development. Apply by September 30. For more information, check out our website: https://lnkd.in/gAf7xnqX
-
Can you believe this is our office view? How lucky are we! The State Treasurer's Office was a first-time sponsor of the Chinatown Summer Fair. Our civic engagement team has been excited to get out to the fair ever since Treasurer Frerichs spoke at the Chinatown Summer Fair Press Conference. Our team and has been hard at work looking for unclaimed properties for fair participants this week!
-
+4
-
Get ready! It's almost time for the office's live unclaimed property auction! Want more information? Get the details in the office's latest newsletter ➡️ https://bit.ly/4cTKX4d. To be the first to know when the next newsletter comes out, sign up to receive the newsletter here ➡️ https://bit.ly/3A8ny0A
-
Congratulations to these 10 small Illinois nonprofit groups that recently received Charitable Trust grants through The Illinois State Treasurer's Office! We’re grateful for the good work they do in their communities to help people with food, housing, and job training. The Charitable Trust Stabilization Fund assists small nonprofits with an annual budget of $1 million or less. The money comes from filing fees that nonprofits pay when incorporating in the state of Illinois – and not from personal or property tax dollars. For more information, check out our website: https://lnkd.in/gAf7xnqX BandWith Chicago in Chicago - https://lnkd.in/g6e9mKMn Casa Esperanza Chicago in Chicago - https://lnkd.in/g-TuPeAA Center for Companies That Care in Chicago - https://lnkd.in/dAJWjAr COOL Ministries in Waukegan - https://coolministries.org The Decatur Area Habitat For Humanity & ReStore in Decatur - https://decaturhabitat.org Urban Autism Solutions in Chicago - https://lnkd.in/dTiFUkv MTF / Mothers Trust Foundation in Lake Forest - https://lnkd.in/g8acKQ-C One Body Collaboratives, INC. in Rockford - https://lnkd.in/g-S6zKzR Taller de José in Chicago- https://lnkd.in/geCkFkC3 Youth Leadership Academy in Elgin - https://www.ylacademy.org
-
Happy Monday! We spent our weekend watching WGN-TV's Adelante Chicago! Treasurer Frerichs had the opportunity to speak with Lourdes Duarte about saving for college through Illinois programs: Bright Start College Savings and First Steps. It’s never too early to start investing in your loved one’s futures! Even more good news ➡️ an Adelante audio employee chatted with the Treasurer about the Office's I-CASH program returning #missingmoney back into her pocket. It was a great day connecting with community! #brightstart #firststeps #icash #unclaimedproperty
-
What a great day at TechChicago Capital Summit! Treasurer Frerichs was able to participate in this event by giving the keynote address. The Treasurer shared the importance of championing Illinois to build an economic environment conducive to growing and attracting businesses to the state. Treasurer Frerichs shared the good news of the Illinois Growth and Innovation Fund, an evergreen, $1.5 billion impact investment fund that invests in ways to attract, assist and retain quality technology-enabled businesses in Illinois. With the State Treasurer’s Office highlighting positive impacts of the fund, it’s the office’s hope that companies feel encouraged to invest and headquarter in Illinois.