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Pure genius: Illinois Treasurer Frerichs takes money from charities to make grants to charities – Quicktake

FEBRUARY 1, 2021 | by Mark Glennon | WIREPOINTS ILLINOIS NEWS

By Mark Glennon, includes “Illinois Treasurer Michael Frerichs has been hyping his office’s Charitable Trust Grant program … Where, if you must ask, does that money come from? Well, from non-profits themselves. … I suppose this isn’t really a big deal since the program has only funded about $3 million in total, but you should know that Treasurer Frerichs, who is so proud of the program, is also responsible for managing a stunning $35 billion of taxpayer money. …”

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