Illinois State Treasurer Declares the Special Olympics Illinois Winter Games Open!

Treasurer Frerichs paraded with athletes and spoke at the Opening Ceremonies. 

The Treasurer was on-hand to kick-off the Special Olympics Illinois Winter Games 2022! The games, which featured skiing and snowshoeing competitions, were held in beautiful and wintery Galena.

After a parade down historic Main Street, the Treasurer declared the games open and shared the many benefits of IL ABLE savings and investment accounts for SOILL athletes and all ABLE-eligible individuals. Some of those benefits are:

  • You can contribute up to $16,000 per year to this tax-free savings account – more if you work.
  • Contributions may be tax deductible.
  • You can save for everyday and/or long-term expenses.

“I wish all the Special Olympics athletes the best of the luck in the Winter Games and encourage families to find out more about how to save for your child’s future at illinoisABLE.com,” said Treasurer Frerichs.

Learn more about the IL ABLE Special Olympics Illinois partnership and IL ABLE.   

Find quick answers to your IL ABLE questions with IL ABLE FAQs.

News You Can Use

Join Illinois’ First Financial Wellness Training for Disability

The National Disability Institute, with the support of the Illinois Council on Developmental Disabilities, brings Illinoisans the first in a three-part financial wellness training series for families and self-advocates with disabilities in Illinois.

ILLINOIS ABLE ACCOUNT OWNERS WIN BIG IN THE SUMMER GAMES!

Illinois ABLE account owners turned up the heat when they competed in the Special Olympics Illinois Summer Games in Normal, Illinois in June.  A big shout out goes to these special individuals who are building lifelong experiences of independence and belonging through Special Olympics Illinois and IL ABLE account ownership.

Illinois ABLE is Proud to Help Light it Up Blue to Raise Autism Awareness this month!

Illinois ABLE is proud to help Light it Up Blue to raise Autism Awareness this month!

Autism or Autism Spectrum Disorder (ASD) is usually diagnosed before age 26.  As a result,  many individuals with Autism are eligible to own ABLE accounts and to save for the additional expenses that often accompany the disorder. Things such as behavioral intervention, speech and language and sensory integration therapies, or therapeutic equipment such as assistive communications devices, weighted vests or specialized diets.

Treasurer Frerichs Takes the Polar Plunge

March 3 in Chicago was a windy, gray day with about a 15-degree wind chill – so cold that machines had to be used to break the ice for the annual Chicago Special Olympics Polar Plunge.   But that didn’t stop State Treasurer Frerichs from taking the Plunge to support two great ways that individuals with developmental and intellectual disabilities can build greater independence and quality of life: Illinois ABLE and Special Olympics.

 

 

 

Illinois ABLE accounts give eligible individuals with disabilities a new way to save funds for greater financial independence and participation in community life.  Special Olympics programs provide opportunities for athletes to develop skills and capacities that can contribute to greater independence and full life. Congratulations to all of the Plungers!

Want to learn more about Illinois ABLE accounts?  Click here.

For facts about ABLE, visit our new FAQs web page.