Terms and Conditions
-The Community Foundation of Northern Illinois has exclusive legal control over all contributed assets-
The Community Foundation of Northern Illinois is a 501(c)(3) tax-exempt, publicly supported community foundation. The Community Foundation of Northern Illinois has not provided any goods or services in exchange for this gift. Because the IRS will no longer accept checks alone as proof of a gift of more than $250, please keep donation receipts with your tax records. Consult with a tax advisor for complete information about the tax deductibility of the gift.
The Bylaws of the Foundation and applicable tax laws require that the Board of Trustees of the Foundation have variance powers over the assets donated to any fund. The Foundation retains the power to modify any restriction or condition on any distributions from a fund for any specified charitable purpose or to specified organizations if, in the sole judgment of the Foundation, such restriction or condition becomes, in effect, unnecessarily incapable of fulfillment, or inconsistent with the charitable needs of the community or the area which the Foundation serves. It is also agreed that no restrictions or conditions may be imposed upon the administration of funds which will prevent the Foundation from freely and effectively employing the transferred assets or income therefrom in furtherance of its exempt status. The Foundation also retains the power in the Foundation's sole discretion to modify or withhold any distribution of income or principal if such distribution would otherwise fail to qualify for a charitable purpose as defined in Section 170(c) of the Internal Revenue Code.
Should you have any questions, please contact our Donor Relations Officer at email@example.com or call 779-210-8208.
Financial information about the Community Foundation of Northern Illinois can be obtained by writing:
The Community Foundation of Northern Illinois
946 N. Second Street Rockford, IL 61107