Illinois Compiled Statutes
760 ILCS 55/15 (2026)
(a) Charitable trustees are subject to certain duties otherwise defined in Illinois statutes and case law, which include but are not limited to the following: (1) To avoid "self-dealing" and conflicts of interest; (2) To avoid wasting charitable assets; (3) To avoid incurring penalties, fines, and unnecessary taxes; (4) To adhere and conform the charitable organization to its charitable purpose; (5) To not make non-program loans, gifts, or advances to any person, except as allowed by the General Not For Profit Corporation Act of 1986; (6) To utilize the trust in conformity with its purposes for the best interest of the beneficiaries; (7) To timely file registration and financial reports required by this Act; and (8) To comply and to cause the charitable organization to comply with this Act and, if incorporated, the General Not For Profit Corporation Act of 1986
✓ current as of May 2026
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(760 ILCS 55/15)
(from Ch. 14, par. 65)
Sec. 15.
(a) Charitable trustees are subject to certain
duties otherwise defined in Illinois statutes and case law, which include
but are not limited to the following:
(1) To avoid "self-dealing" and conflicts of interest;
(2) To avoid wasting charitable assets;
(3) To avoid incurring penalties, fines, and | unnecessary taxes; |
(4) To adhere and conform the charitable organization | to its charitable purpose; |
(5) To not make non-program loans, gifts, or advances | to any person, except as allowed by the General Not For Profit Corporation Act of 1986; |
(6) To utilize the trust in conformity with its | purposes for the best interest of the beneficiaries; |
(7) To timely file registration and financial reports | required by this Act; and |
(8) To comply and to cause the charitable | organization to comply with this Act and, if incorporated, the General Not For Profit Corporation Act of 1986. |
(b) Every person subject to this Act shall maintain accurate and
detailed books and records at the principal office of the organization to
provide the information required in this Act. All books and records shall
be open for inspection at all reasonable times by the Attorney General or
his authorized representative.
(Source: P.A. 87-755.)
Notes of Decisions
Cited in 5
cases (1 in the last 5 years), 2003–2021 · leading case: Brown v. Ryan, 788 N.E.2d 1183 (Ill. App. Ct. 2003).
Brown v. Ryan, 788 N.E.2d 1183 (Ill. App. Ct. 2003). “760 ILCS 55/15(a)(2), (a)(3)(West 2000). Again, we note that the Trust Agreement specifically contemplated that the trust corpus would be distributed to a foundation or corporation which would inevitably incur administrative costs.”
Illinois Clean Energy Cmty. Found. v. John B. Filan, Dir., Illinois Governor's Off. of Mgmt. & Budget, 392 F.3d 934 (7th Cir. 2004). “If the state orders a criminal to make restitution of a sum of money to the victim of his crime, it cannot snatch -the money back from the victim on the ground that it’s the state’s money.”
In re Est. of Middleton, 2021 IL App (1st) 200411-U (Ill. App. Ct. 2021). “See 760 ILCS 55/15(a)(1), (6) (West 2014). The court found Boscamp’s testimony regarding these payments unpersuasive and that she lacked supporting documentation.”
IL Clean Energy Comm v. Filan, John B. (7th Cir. 2004). “If the state orders a criminal to make restitu- tion of a sum of money to the victim of his crime, it cannot snatch the money back from the victim on the ground that it’s the state’s money. All the state is left to argue is that the appointment of five- sixths of the…”
Brown v. Ryan (Ill. App. Ct. 2003). “760 ILCS 55/15(a)(2), (a)(3)(West 2000). Again, we note that the Trust Agreement specifically contemplated that the trust corpus would be distributed to a foundation or corporation which would inevitably incur administrative costs.”
— 760 ILCS 55/15(a)(1) — 1 case
In re Est. of Middleton, 2021 IL App (1st) 200411-U (Ill. App. Ct. 2021). “See 760 ILCS 55/15(a)(1), (6) (West 2014). The court found Boscamp’s testimony regarding these payments unpersuasive and that she lacked supporting documentation.”
— 760 ILCS 55/15(a)(2) — 4 cases
Brown v. Ryan, 788 N.E.2d 1183 (Ill. App. Ct. 2003). “760 ILCS 55/15(a)(2), (a)(3)(West 2000). Again, we note that the Trust Agreement specifically contemplated that the trust corpus would be distributed to a foundation or corporation which would inevitably incur administrative costs.”
Illinois Clean Energy Cmty. Found. v. John B. Filan, Dir., Illinois Governor's Off. of Mgmt. & Budget, 392 F.3d 934 (7th Cir. 2004). “If the state orders a criminal to make restitution of a sum of money to the victim of his crime, it cannot snatch -the money back from the victim on the ground that it’s the state’s money.”
IL Clean Energy Comm v. Filan, John B. (7th Cir. 2004). “If the state orders a criminal to make restitu- tion of a sum of money to the victim of his crime, it cannot snatch the money back from the victim on the ground that it’s the state’s money. All the state is left to argue is that the appointment of five- sixths of the…”
Brown v. Ryan (Ill. App. Ct. 2003). “760 ILCS 55/15(a)(2), (a)(3)(West 2000). Again, we note that the Trust Agreement specifically contemplated that the trust corpus would be distributed to a foundation or corporation which would inevitably incur administrative costs.”
— 760 ILCS 55/15(a)(7) — 1 case
In re Est. of Middleton, 2021 IL App (1st) 200411-U (Ill. App. Ct. 2021). “See 760 ILCS 55/15(a)(1), (6) (West 2014). The court found Boscamp’s testimony regarding these payments unpersuasive and that she lacked supporting documentation.”
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