To be eligible to receive a grant under this Act, an organization must be a community-based organization or other not-for-profit entity that: (1) is a not-for-profit corporation that is exempt from federal income taxation under Section 501(c)(3) of the federal Internal Revenue Code of 1986; (2) is organized under the General Not for Profit Corporation Act of 1986 for the purpose of providing charitable services to the community; and (3) complies with the provisions of the Charitable Trust Act.
30 ILCS 790/15
Grant eligibility
Known as the Charitable Trust Stabilization Act
The act spans §§ 30-790-1 to 30-790-95 (7 sections).
P.A. 95-655, eff. 6-1-08.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.