Illinois Compiled Statutes 30 ILCS 790 Charitable Trust Stabilization Act. Section 15

    (30 ILCS 790/15)

    Sec. 15. Grant eligibility. 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.

(Source: P.A. 95-655, eff. 6-1-08.)

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Last modified: February 18, 2015