The US has over 1.3 million nonprofit organizations nationwide and nearly 48,000 of them are in the Chicago metropolitan area. These organizations provide a variety of services that benefit members of a community in different ways. Some of Chicago’s largest nonprofits include: Lions Club … [Read more...] about Why Are Nonprofit Organizations Important In Chicago, IL?
Planned gifts can be an important part of your fundraising. To help organizations understand planned giving we have begun posting recent PowerPoint presentations to our website. We gave two presentations earlier this month. One was on gifts of tangible personal property (before the Chicago Council … [Read more...] about New Planned Giving Resources For Illinois Nonprofits On Our Website
One consideration in any will and/or estate plan is the type of taxes your beneficiaries could potentially face when the time comes. Will they forfeit their inheritance or at least some of it? Will they face taxes that exceed what they receive, or significantly impact their yearly income? It’s … [Read more...] about Inheritance Tax And An Estate Tax In Glenview, IL?
If you have a residence outside of Illinois, you’re probably aware that the state laws surrounding wills and estate plans can be markedly different. If you have a family home in nearby Gary, Indiana, or frequently travel north to Wisconsin, which state law takes precedence if you die … [Read more...] about The “New Illinois Trust Code” For 2020
When a nonprofit is doing any kind of fundraising in Chicago (or the state of Illinois), there are certain regulations that it must follow. One of those is registering with the Illinois Attorney General's Charitable Trust and Solicitations Bureau. An organization that does not register can face … [Read more...] about Exemptions To Nonprofit Fundraising Registration In Chicago