How to Manage a Charitable Trust in Illinois | Required Registrations and Filings for Illinois Charitable Trusts

Article written by Illinois Attorney Kevin O’Flaherty

In this article we explain how to manage a charitable trust in Illinois. We discuss:

• What registrations are required for Illinois charitable trusts?;
• How to Register an Illinois Charity or Charitable Trust with the Charitable Trusts Bureau of the Attorney General’s Office; and
• Required Annual Filings for Illinois Charitable Trusts.

For some foundational information about charitable trusts, check out our article: Charitable Trusts Explained.

What Registrations are Required for Illinois Charitable Trusts?

Under the Illinois Charitable Trust Act, gifts of any amount that are given “for charitable purposes” can be used to provide any number of people with benefits, including:

· Education

· The benefit of religion

· Relief from poverty, sickness or disease

· A means of establishing themselves in life

· Public building or recreational activities

· Services which lessen the burden of government

Under this act, the state of Illinois requires all charitable organizations, trusts, and professional fundraisers to…