Nonprofits can apply for grants through Charitable Trust Program

The Illinois Treasurer's office reminds small nonprofits that March 31 is the deadline to apply for funding through the Charitable Trust Stabilization Program.

"Small nonprofit organizations contribute greatly to their communities, and I'm proud to support their work," said State Treasurer Michael Frerichs, whose office manages the Charitable Trust program. "Charitable Trust grants help organizations fulfill their missions of providing food, job training, and work to people in need."

The Charitable Trust Stabilization Fund assists small nonprofits with annual budgets of $1 million or less. The fund's money comes from filing fees that nonprofits 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 nonprofits. 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.

Since the Charitable Trust Stabilization Fund program was established in 2017, more than $3.9 million has been awarded to 192 nonprofit organizations.

The second Charitable Trust grant cycle of 2023 will take place from July 1 to Sept. 30. Those grants will be awarded to nonprofits 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.