Illinois Gives Tax Credit Program

Good for you. Good for your Community.

Beginning January 1, 2025, Illinois taxpayers are eligible to receive the 25% Illinois Gives Tax Credit. The Illinois Gives Tax Credit Program will incentivize up to $100 million in new charitable giving to Community Foundation endowment funds that permanently benefit Illinois causes.

There is a limited amount of funds available for this program. We encourage you to plan early to take advantage of this credit and contact Galesburg Community Foundation to ensure your gift is eligible.

Helpful Resources

MyIllinois Portal

Illinois Department of Revenue Bulletin – Details and Instructions for Illinois Gives

Steps for Applying for and Receiving the Illinois Gives Tax Credit

Contact Galesburg Community Foundation to discuss your giving.
If you do not already have a MyTaxIllinois account, request a Letter ID through MyTaxIllinois. A pin number will be mailed to you that will then be used to compete the registration of your account.
Apply to make a gift to a Qualified Community Foundation (QCF) through MyTaxIllinois.
Receive a Contribution Authorization Certificate (CAC) from IDOR through MyTaxIllinois.
Make your gift to the QCF within 10 business days after receiving the CAC.
After receiving the contribution, the QCF will confirm receipt within 30 business days, and a Certificate of Receipt (COR) will be created and issued to you through MyTaxIllinois.
After Receiving a COR, you may claim the credit on your income tax return.

Let's connect

To learn more about the Illinois Gives Tax Credit or for assistance with the application process, call Sarah Grant, Director of Development, at 309.344.8898.

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