Illinois 104th Regular Session Status: Enacted 17 D cosponsors

SB 2968 — NON-PROFIT INVESTMENT POOL

Last action — Public Act . . . . . . . . . 104-0566

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 27, 2026. Enacted.

Signed by Governor JB Pritzker (Democratic) on July 10, 2026.

Prognosis

Likely to advance 82% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 20 sponsors

    2 primary, 18 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (17 D).

  • Cleared a recorded vote

    Passed 5 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill establishes a non-profit investment pool for organizations.

The bill creates an investment pool specifically for non-profit organizations. This pool aims to provide a collective investment option to enhance financial resource management for non-profits.

What this means for you
  • Non Profit: This means that non-profit organizations can invest collectively to potentially enhance their financial returns.

Bill Text

What changed in the latest version

5 added · 5 removed

Plain-language change summary

The recent changes to Bill SB 2968 involve the removal of previous text and the addition of new lines that clarify certain provisions. This update is important because it helps ensure that the bill is more precise and easier to understand, making it clearer how the law will be applied in practice. By refining these sections, lawmakers aim to prevent any ambiguity and improve the effectiveness of the legislation.

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Latest
SB2968 Engrossed LRB104 18491 SPS 31933 b AN ACT concerning State government.
SB2968 Enrolled LRB104 18491 SPS 31933 b AN ACT concerning State government.
SB2968 Engrossed - 2 - LRB104 18491 SPS 31933 b (2) be domiciled in Illinois;
SB2968 Enrolled - 2 - LRB104 18491 SPS 31933 b (2) be domiciled in Illinois;
SB2968 Engrossed - 3 - LRB104 18491 SPS 31933 b (ii) services for military veterans;
SB2968 Enrolled - 3 - LRB104 18491 SPS 31933 b (ii) services for military veterans;
(c) The Treasurer may invest the funds constituting the SB2968 Engrossed - 4 - LRB104 18491 SPS 31933 b non-profit investment pool in the same manner, in the same types of investments, and subject to the same limitations provided for the investment of funds in the State Treasury.
(c) The Treasurer may invest the funds constituting the SB2968 Enrolled - 4 - LRB104 18491 SPS 31933 b non-profit investment pool in the same manner, in the same types of investments, and subject to the same limitations provided for the investment of funds in the State Treasury.
The rules shall provide for the administrative expenses of the non-profit investment pool to be paid from its earnings and for the interest earnings in excess of such expenses to be credited or paid monthly to the not-for-profit corporations participating in the non-profit investment pool in a manner SB2968 Engrossed - 5 - LRB104 18491 SPS 31933 b which equitably reflects the differing amounts of their respective investments in the non-profit investment pool and the differing periods of time for which the amounts were in the custody of the non-profit investment pool.
The rules shall provide for the administrative expenses of the non-profit investment pool to be paid from its earnings and for the interest earnings in excess of such expenses to be credited or paid monthly to the not-for-profit corporations participating in the non-profit investment pool in a manner SB2968 Enrolled - 5 - LRB104 18491 SPS 31933 b which equitably reflects the differing amounts of their respective investments in the non-profit investment pool and the differing periods of time for which the amounts were in the custody of the non-profit investment pool.
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How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill establishes a non-profit investment pool managed by the State Treasurer to provide investment opportunities and secure electronic payment options for not-for-profit corporations in Illinois.

  • 15 ILCS 505/17.2

    Sec. 17.2. Non-profit investment pool. (a) The State Treasurer may establish and administer a non-profit investment pool and an electronic payment processing program to supplement and enhance investment opportunities and secure electronic payment options otherwise available to not-for-profit corporations in this State. (b) The Treasurer may receive funds paid into the non-profit investment pool by a not-for-profit corporation that is exempt from taxation under Section 501(c)(3), 501(c)(4), 501(c)(5), or 501(c)(6) of the Internal Revenue Code for the purpose of holding and investing those funds. In order to be eligible to participate in the non-profit investment pool, the not-for-profit corporation shall: (1) provide the Treasurer with a copy of the most recent audited financial statement or charitable organization annual report filed with the Attorney General; (2) be domiciled in Illinois; (3) not be on the federal system for award management (SAM) exclusion list; (4) not be on the Chief Procurement Officer's suspensions, debarments, voluntary exclusions, and voluntary non-participation agreements list; (5) not be on the Department of Labor's debarred contractors list; (6) not be on the Illinois Stop Payment List established under the Grant Accountability and Transparency Act; and (7) be at least one of the following: (A) a Medicaid certified provider that is not on the Department of Healthcare and Family Services' provider sanctions list; (B) an organization that held certification under the Grant Accountability and Transparency Act at any time within the previous 8 years prior to the transmittal of funds to the Treasurer or is a current grantee or subgrantee of the State; (C) a labor organization registered with the United States Department of Labor; or (D) an organization whose mission involves a purpose or cause related to one of the following: (i) legal aid services for people with low incomes; (ii) services for military veterans; (iii) scientific and medical research; (iv) neighborhood and community development; (v) affordable housing or housing assistance; (vi) public pre-kindergarten through grade 12, public career and technical education, or public higher education access and scholarships; (vii) publicly funded libraries, publicly funded museums, or public broadcasting; (viii) support for firefighting and EMS services; (ix) emergency assistance and disaster relief; (x) food banks and food pantries; (xi) environmental protection and preservation; (xii) animal shelters, humane societies, or anti-animal cruelty society; (xiii) cultural and performing arts; (xiv) job training, employment placement, or other employment-related community-based services; (xv) services for victims of domestic violence; or (xvi) services for seniors and people with disabilities. (c) The Treasurer may invest the funds constituting the non-profit investment pool in the same manner, in the same types of investments, and subject to the same limitations provided for the investment of funds in the State Treasury. The Treasurer shall develop, publish, and implement an investment policy covering the management of funds in the non-profit investment pool. The policy shall be published each year as part of the audit of the non-profit investment pool by the Auditor General, which shall be distributed to all participants. The Treasurer shall notify all non-profit investment pool participants in writing, and the Treasurer shall publish in at least one newspaper of general circulation in both Springfield and Chicago any changes to a previously published investment policy at least 30 calendar days before implementing the policy. Any investment policy adopted by the Treasurer shall be reviewed, and updated if necessary, within 90 days after the installation of a new Treasurer. (d) The Treasurer shall adopt rules for the efficient administration of the non-profit investment pool, including the minimum amounts that may be deposited in the non-profit investment pool and the minimum period of time that deposits shall be retained in the non-profit investment pool. The rules shall provide for the administrative expenses of the non-profit investment pool to be paid from its earnings and for the interest earnings in excess of such expenses to be credited or paid monthly to the not-for-profit corporations participating in the non-profit investment pool in a manner which equitably reflects the differing amounts of their respective investments in the non-profit investment pool and the differing periods of time for which the amounts were in the custody of the non-profit investment pool. (e) Upon creating a non-profit investment pool, the State Treasurer shall give bond with 2 or more sufficient sureties, payable to not-for-profit corporations that participate in the non-profit investment pool for the benefit of the not-for-profit corporations that have funds that are paid into the non-profit investment pool for investment, in the penal sum of $150,000, conditioned for the faithful discharge of the State Treasurer's duties in relation to the non-profit investment pool.

    This adds a new section to the State Treasurer Act facilitating the establishment of an investment pool for non-profit organizations.

Amendments

2 amendments

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Public Act . . . . . . . . . 104-0566

  2. Effective Date January 1, 2027

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. Added Alternate Co-Sponsor Rep. Debbie Meyers-Martin

  7. Third Reading - Short Debate - Passed 075-036-001

  8. Third Reading/Final Action Deadline Extended-9(b) May 31, 2026

  9. Placed on Calendar Order of 3rd Reading - Short Debate

  10. Held on Calendar Order of Second Reading - Short Debate

  11. Second Reading - Short Debate

  12. Added Alternate Co-Sponsor Rep. Aarón M. Ortíz

  13. Added Alternate Co-Sponsor Rep. Sonya M. Harper

  14. Added Alternate Co-Sponsor Rep. Edgar González, Jr.

  15. Added Alternate Co-Sponsor Rep. Daniel Didech

  16. Added Alternate Co-Sponsor Rep. Kimberly Du Buclet

  17. Added Alternate Co-Sponsor Rep. Yolonda Morris

  18. Added Alternate Co-Sponsor Rep. Theresa Mah

  19. Added Alternate Chief Co-Sponsor Rep. Justin Slaughter

  20. Added Alternate Chief Co-Sponsor Rep. Barbara Hernandez

  21. Added Alternate Chief Co-Sponsor Rep. Diane Blair-Sherlock

  22. Placed on Calendar 2nd Reading - Short Debate

  23. Do Pass / Short Debate State Government Administration Committee; 006-003-000

  24. Added Alternate Chief Co-Sponsor Rep. Katie Stuart

  25. Added as Chief Co-Sponsor Sen. Mary Edly-Allen

  26. Assigned to State Government Administration Committee

  27. Referred to Rules Committee

  28. First Reading

  29. Chief House Sponsor Rep. Rita Mayfield

  30. Arrived in House

  31. Added as Chief Co-Sponsor Sen. Kimberly A. Lightford

  32. Added as Co-Sponsor Sen. Javier L. Cervantes

  33. Added as Chief Co-Sponsor Sen. Lakesia Collins

  34. Added as Chief Co-Sponsor Sen. Willie Preston

  35. Third Reading - Passed; 041-016-000

  36. Placed on Calendar Order of 3rd Reading

  37. Senate Floor Amendment No. 2 Adopted; Johnson

  38. Recalled to Second Reading

  39. Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 011-002-000

  40. Placed on Calendar Order of 3rd Reading April 15, 2026

  41. Second Reading

  42. Senate Floor Amendment No. 2 Assignments Refers to Executive

  43. Senate Floor Amendment No. 2 Referred to Assignments

  44. Senate Floor Amendment No. 2 Filed with Secretary by Sen. Adriane Johnson

  45. Added as Co-Sponsor Sen. Laura M. Murphy

  46. Placed on Calendar Order of 2nd Reading March 26, 2026

  47. Do Pass as Amended Executive; 010-003-000

  48. Senate Committee Amendment No. 1 Adopted

  49. Senate Committee Amendment No. 1 Assignments Refers to Executive

  50. Senate Committee Amendment No. 1 Referred to Assignments

  51. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Adriane Johnson

  52. Rule 2-10 Committee Deadline Established As March 27, 2026

  53. Assigned to Executive

  54. Referred to Assignments

  55. First Reading

  56. Filed with Secretary by Sen. Adriane Johnson

Sponsors

Sponsorship breakdown

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2 sponsors · 18 co-sponsors · 163 not signed on · 53 voted No

Sponsors (2)

Co-sponsors (18)

Not signed on (163)

163 members have not signed on to this bill.

Show all 163 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 75 Yea · 36 Nay · 7 Other
Party YeaNayPresentNot Voting
Democrat 69002
Republican 13503
Unaffiliated 4102
Total 743607
% of votes cast 63%31%0%6%
How each member voted (117)
Member Party Vote
Du Buclet — Yea
Faver Dias — Yea
Hernandez, Lisa — Not Voting
Katz Muhl — Yea
La Ha — Nay
Williams, Jawaharial — Yea
Yang Rohr — Not Voting
Aarón M. Ortíz Democrat Yea
Abdelnasser Rashid Democrat Yea
Amy Briel Democrat Yea
Angelica Guerrero-Cuellar Democrat Yea
Ann M. Williams Democrat Yea
Anna Moeller Democrat Yea
Anne Stava Democrat Yea
Anthony DeLuca Democrat Yea
Barbara Hernandez Democrat Yea
Bob Morgan Democrat Yea
Camille Y. Lilly Democrat Yea
Carol Ammons Democrat Yea
Curtis J. Tarver, II Democrat Yea
Dagmara Avelar Democrat Yea
Daniel Didech Democrat Yea
Dave Vella Democrat Yea
Debbie Meyers-Martin Democrat Yea
Diane Blair-Sherlock Democrat Yea
Edgar González, Jr. Democrat Yea
Eva-Dina Delgado Democrat Yea
Fred Crespo Democrat Yea
Gregg Johnson Democrat Yea
Harry Benton Democrat Yea
Hoan Huynh Democrat Yea
Jaime M. Andrade, Jr. Democrat Not Voting
Jay Hoffman Democrat Yea
Jehan Gordon-Booth Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Joyce Mason Democrat Yea
Justin Cochran Democrat Yea
Justin Slaughter Democrat Yea
Kam Buckner Democrat Yea
Katie Stuart Democrat Yea
Kelly M. Cassidy Democrat Yea
Kevin John Olickal Democrat Yea
La Shawn K. Ford Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Lilian Jiménez Democrat Yea
Lindsey LaPointe Democrat Yea
Lisa Davis Democrat Yea
Marcus C. Evans, Jr. Democrat Not Voting
Margaret A. DeLaRosa Democrat Yea
Margaret Croke Democrat Yea
Martha Deuter Democrat Yea
Mary Beth Canty Democrat Yea
Mary Gill Democrat Yea
Matt Hanson Democrat Yea
Maura Hirschauer Democrat Yea
Maurice A. West, II Democrat Yea
Michael Crawford Democrat Yea
Michael J. Kelly Democrat Yea
Michelle Mussman Democrat Yea
Nabeela Syed Democrat Yea
Natalie A. Manley Democrat Yea
Nicholas K. Smith Democrat Yea
Nicolle Grasse Democrat Yea
Norma Hernandez Democrat Yea
Rick Ryan Democrat Yea
Rita Mayfield Democrat Yea
Robert "Bob" Rita Democrat Yea
Robyn Gabel Democrat Yea
Sharon Chung Democrat Yea
Sonya M. Harper Democrat Yea
Stephanie A. Kifowit Democrat Yea
Sue Scherer Democrat Yea
Suzanne M. Ness Democrat Yea
Thaddeus Jones Democrat Yea
Theresa Mah Democrat Yea
Will Guzzardi Democrat Yea
William "Will" Davis Democrat Yea
Yolonda Morris Democrat Yea
Adam M. Niemerg Republican Nay
Amy Elik Republican Nay
Amy L. Grant Republican Nay
Blaine Wilhour Republican Nay
Brad Halbrook Republican Nay
Brad Stephens Republican Nay
Bradley Fritts Republican Nay
Brandun Schweizer Republican Nay
Charles Meier Republican Nay
Chris Miller Republican Nay
Christopher "C.D." Davidsmeyer Republican Nay
Dan Swanson Republican Nay
Daniel J. Ugaste Republican Nay
Dave Severin Republican Nay
David Friess Republican Nay
Dennis Tipsword Republican Nay
Jackie Haas Republican Not Voting
Jason R. Bunting Republican Nay
Jed Davis Republican Nay
Jeff Keicher Republican Nay
Jennifer Sanalitro Republican Nay
Joe C. Sosnowski Republican Nay
John M. Cabello Republican Nay
Kevin Schmidt Republican Not Voting
Kyle Moore Republican Nay
Martin McLaughlin Republican Not Voting
Michael J. Coffey, Jr. Republican Nay
Norine K. Hammond Republican Nay
Patrick Sheehan Republican Nay
Patrick Windhorst Republican Nay
Paul Jacobs Republican Nay
Regan Deering Republican Nay
Ryan Spain Republican Yea
Steven Reick Republican Nay
Tom Weber Republican Nay
Tony M. McCombie Republican Nay
Travis Weaver Republican Nay
Wayne A. Rosenthal Republican Nay
William E Hauter Republican Nay

Official roll call →

Passed 6 Yea · 3 Nay
Party YeaNayPresentNot Voting
Democrat 6000
Republican 0300
Total 6300
% of votes cast 67%33%0%0%
How each member voted (9)
Member Party Vote
Diane Blair-Sherlock Democrat Yea
Laura Faver Dias Democrat Yea
Lisa Davis Democrat Yea
Michael Crawford Democrat Yea
Nicolle Grasse Democrat Yea
Rick Ryan Democrat Yea
Dan Swanson Republican Nay
Michael J. Coffey, Jr. Republican Nay
Wayne A. Rosenthal Republican Nay

Official roll call →

Third Reading

Passed 41 Yea · 16 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 3000
Democrat 34002
Republican 31600
Total 401602
% of votes cast 69%28%0%3%
How each member voted (58)
Member Party Vote
Simmons — Yea
Glowiak Hilton — Yea
Loughran Cappel — Yea
Bill Cunningham Democrat Yea
Celina Villanueva Democrat Yea
Christopher Belt Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Doris Turner Democrat Yea
Elgie R. Sims, Jr. Democrat Yea
Emil Jones, III Democrat Yea
Graciela Guzmán Democrat Yea
Gregg Johnson Democrat Yea
Javier L. Cervantes Democrat Yea
Julie A. Morrison Democrat Yea
Karina Villa Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura Ellman Democrat Yea
Laura Fine Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mark L. Walker Democrat Yea
Mary Edly-Allen Democrat Yea
Mattie Hunter Democrat Yea
Michael E. Hastings Democrat Yea
Michael W. Halpin Democrat Yea
Mike Porfirio Democrat Not Voting
Napoleon Harris III Democrat Yea
Omar Aquino Democrat Yea
Patrick J. Joyce Democrat Yea
Paul Faraci Democrat Yea
Rachel Ventura Democrat Yea
Ram Villivalam Democrat Yea
Robert F. Martwick Democrat Yea
Robert Peters Democrat Not Voting
Sara Feigenholtz Democrat Yea
Steve Stadelman Democrat Yea
Willie Preston Democrat Yea
Andrew S. Chesney Republican Nay
Chapin Rose Republican Nay
Chris Balkema Republican Nay
Craig Wilcox Republican Nay
Dale Fowler Republican Nay
Darby A. Hills Republican Nay
Dave Syverson Republican Nay
Donald P. DeWitte Republican Yea
Erica Harriss Republican Nay
Jason Plummer Republican Nay
Jil Tracy Republican Yea
John F. Curran Republican Yea
Li Arellano, Jr. Republican Nay
Neil Anderson Republican Nay
Sally J. Turner Republican Nay
Seth Lewis Republican Nay
Steve McClure Republican Nay
Sue Rezin Republican Nay
Terri Bryant Republican Nay

Official roll call →

Executive, Amendment 2

Passed 11 Yea · 2 Nay
Party YeaNayPresentNot Voting
Democrat 9000
Republican 2200
Total 11200
% of votes cast 85%15%0%0%
How each member voted (13)
Member Party Vote
Bill Cunningham Democrat Yea
Cristina Castro Democrat Yea
Don Harmon Democrat Yea
Kimberly A. Lightford Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Napoleon Harris III Democrat Yea
Omar Aquino Democrat Yea
Jil Tracy Republican Yea
John F. Curran Republican Yea
Neil Anderson Republican Nay
Sue Rezin Republican Nay

Official roll call →

Executive

Passed 10 Yea · 3 Nay
Party YeaNayPresentNot Voting
Democrat 9000
Republican 1300
Total 10300
% of votes cast 77%23%0%0%
How each member voted (13)
Member Party Vote
Bill Cunningham Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Kimberly A. Lightford Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Omar Aquino Democrat Yea
Jil Tracy Republican Nay
John F. Curran Republican Yea
Neil Anderson Republican Nay
Sue Rezin Republican Nay

Official roll call →

Subjects

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Frequently asked questions

Who sponsors SB 2968?
SB 2968 is sponsored by Adriane L. Johnson (Democrat), Willie Preston (Democrat), Lakesia Collins (Democrat), Kimberly A. Lightford (Democrat), Mary Edly-Allen (Democrat), Laura M. Murphy (Democrat), Javier L. Cervantes (Democrat), Rita Mayfield (Democrat), Katie Stuart (Democrat), Diane Blair-Sherlock (Democrat), Barbara Hernandez (Democrat), Justin Slaughter (Democrat), Theresa Mah (Democrat), Yolonda Morris (Democrat), Daniel Didech (Democrat), Edgar González, Jr., Sonya M. Harper (Democrat), Aarón M. Ortíz, Debbie Meyers-Martin (Democrat), and Du Buclet.
What is the current status of SB 2968?
This bill has been enacted into law. Introduced January 27, 2026. Enacted.
Where can I track SB 2968?
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