Establishing a charitable legacy through an endowment or contributing to an existing endowment at the Community Foundation of Northern Illinois (CFNIL) is easy.

TALK TO YOUR FAMILY

  • We believe that it is important that the people you care about and who care about you understand your legacy plans.
  • An endowment that you create at CFNIL may be the perfect vehicle for family and friends to contribute to the purposes that you support.
  • You can use your endowment as a way to engage your family in philanthropy.

TALK TO YOUR FINANCIAL ADVISOR

  • An endowment may offer you certain tax benefits. For example, a contribution to an endowment at CFNIL may be deducted up to 50% of adjusted gross income; whereas the deduction on contributions to a private foundation may be limited to 30%.
  • There is no upfront cost to you to create an endowment at CFNIL.
  • Because there are no upfront costs, more of your gift will be used for the good work you envision.

TALK TO YOUR LEGAL ADVISOR

  • When you create an endowment, you are entering into a formal agreement with CFNIL.
  • In making a legacy gift, you can simply ask your attorney to designate CFNIL as a tax-exempt beneficiary, directing the gift to your endowed fund.
  • CFNIL is bound by both the terms of the endowment agreement and by law to honor your charitable intentions in perpetuity.

 TALK TO US

  • We are happy to work with you or your advisors to establish your endowment.
  • We can work with you individually or together with you and your advisors.
  • You can ask your advisors to work with us directly on your behalf.
  • To learn more, call CFNIL President Jon Bates at 815-962-2110 ext. 13.

Have a question about endowment?

Our local, experienced staff is here to help.

  (815) 962-2110 ext. 14

Email a Donor Services Officer

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