Illinois Compiled Statutes 30 ILCS 790/15 – Grant eligibility
Current as of: 2024 | Check for updates
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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
(1) is a not-for-profit corporation that is exempt
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from federal income taxation under Section 501(c)(3) of the federal Internal Revenue Code of 1986;
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(2) is organized under the General Not for Profit
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Corporation Act of 1986 for the purpose of providing charitable services to the community; and
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(3) complies with the provisions of the Charitable
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Trust Act.
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Terms Used In Illinois Compiled Statutes 30 ILCS 790/15
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.