Now you can raise new, unrestricted funding and promote your mission through everyday real estate transactions – at no cost to your charity or your supporters. IIC is a nonprofit and totally transparent social enterprise.
Here are just a few of the benefits to your charity:
DETAILS: When Heather Hofman got a new job in Washington D.C., she needed a real estate broker for her home sale in Boise, Idaho. Heather used IIC to find her broker and by doing so, generated $1,766 for Waters Elementary, at no cost to her.
DETAILS: Sargent Shriver National Center on Poverty Law chose a broker through IIC. As a result of their new office lease, they were able to generate $25,000 of unrestricted funds for their own mission.
DETAILS: As the result of an office lease renewal in the Central Loop, Eckhart Kolak selected Kennebec Estuary Land Trust in Maine, to receive $6,905 through Investing In Communities.
Here are just a few of our Charities
Kids Hope USA is a mentoring model that mobilizes and empowers the church to engage their members in on-going I-believe-in-you relationships with at-risk students at the local public elementary school. KIDS HOPE USA builds caring relationships… one child, one hour, one church, one school.
Physicians for a National Health Program (PNHP) advocates for universal, comprehensive single-payer national health insurance.PNHP believes that access to high-quality health care is a right of all people and should be provided equitably as a public service rather than bought and sold as a commodity.The mission of PNHP is therefore to educate physicians, other health workers, and the general public on the need for a comprehensive, high-quality, publicly-funded health care program, equitably-accessible to all residents of the United States.
Chicago Legal Advocacy for Incarcerated Mothers provides legal and educational services to maintain the bonds between imprisoned mothers and their children. CLAIM advocates for policies and programs that benefit families of imprisoned mothers and reduce incarceration of women and girls.
The mission of The Young Center for Immigrant Children's Rights is to promote the best interests - safety, permanency and well-being - of unaccompanied and separated immigrant children who are in the United States.
Our mission is to increase the number of internationally educated nurses available for practice as bilingual, bicultural nurses in metropolitan Chicago and surrounding communities through advocacy, education, and supportive services. Our current focus is to prepare internationally educated Hispanic/Latino nurses to achieve licensure in Illinois.
Our goals are to:
- Provide educational programs for immigrant nurses to assist them in becoming registered nurses in the U.S.
- Help to develop a cadre of bilingual, bicultural nurses to address the healthcare needs of our large multi-cultural populations.
- Provide job opportunities for women. The majority of our nurses (98%) are women. Once they achieve RN licensure, they serve as role models for their families and communities. They also earn a salary of $60,000 a year or more.
AUSL will improve student achievement in Chicago's high-poverty, chronically failing schools through its disciplined transformation process, built on a foundation of specially trained AUSL teachers.
Bridging Communities, INC is a grassroots collaboration involving local unions, businesses, residents, social services and faith-based organizations working together to create caring communities where people of all ages can live in diginity in Southwest Detroit. Our work improves the quality of life for the elders of Southwest Detroit by meeting their needs and the needs of the surrounding neighborhoods, through creative collaboration and innovative programming.
The mission of the Appalachian Education Initiative is to promote students' personal development, academic performance and 21st century workforce preparation by ensuring the availability of quality arts education in West Virginia public schools.
Holland Rescue Mission is a non-profit organization that seeks to meet the immediate and long-term needs of the homeless.
Lumity provides IT/technology and finance consulting services to nonprofits in the Chicago area. Lumity helps nonprofits think more strategically about the technology and financial issues of their organization and helps them make more informed decisions to meet those needs. Our goal is to provide high quality services at an affordable cost so that our nonprofit members can focus on their mission.
Our mission is to improve the well-being of children made vulnerable by HIV, AIDS and poverty in sub-Saharan Africa. We support grassroots organizations that help families and communities meet the needs of their children.
Learn how to generate unrestricted funding at no cost to your supporters.
That’s what we call a Charity that meets our guidelines and, as such, is able to receive Charity Support Payments from us. Generally, we will approve as an Eligible Charity any organization that is tax-exempt under Section 501(c) of the U.S. Internal Revenue Code and whose principal purpose is to address issues of health, education, employment, poverty, safety, shelter, arts, science, animal welfare and/or general welfare on a non-discriminatory basis, and no part of the net earnings of which inures to the benefit of any private shareholder or individual. We will generally not approve as an Eligible Charity any organization significantly engaged in, or attempting to influence, political, legislative, or religious activities (though we may approve organizations with a religious affiliation that provide services described above to members of the community at large without regard to their religious affiliation).
We currently pay as an Introduction Fee five percent (5%) of the Referral Fee that we receive on a transaction. We pay this Introduction Fee from the portion of the Referral Fee that we retain after paying out the Charity Support Payment.
Barring unusual circumstances, we anticipate distributing the Charity Support Payment on a transaction promptly after we receive our Referral Fee on that transaction.
Charities receive unrestricted funding and internet exposure from IIC – at no cost. When you use IIC to engage your Representing Broker, you have the right to choose a charity (your Favorite Charity) to receive a Charity Support Payment equal to 70+% of the referral fee that broker’s sponsoring broker will pay to IIC when your transaction closes.
Yes. IIC is licensed in Illinois as a real estate broker. This allows sponsoring brokers in any state to pay us a Referral Fee in full compliance with their state’s licensing regulations. But IIC has not in the past, and has no plans in the future, to act as the licensed real estate fiduciary (Representing Broker) of any party in any real estate transaction.
We exist to help you make the world a little better, in a way that costs you nothing to make that good happen.
IIC provides a program, via a web based platform, (the “IIC Program”) for individuals and companies that are socially-minded to leverage the power of their real estate transactions to support a charity of their choice (an Eligible Charity) at no expense to themselves. In this way IIC provides Eligible Charities with a new fundraising resource – all at no cost to charities and their supporters!
IIC serves as a middleman between consumers and brokers, thereby making it possible for virtually any brokered real estate transaction to fund a charity of the consumer’s choosing, at no cost to that consumer. That’s because the philanthropy occurs when IIC gives most of its referral fee to a charity of the consumer’s choice. IIC does this by finding appropriate brokers for each consumer’s upcoming transaction and/or referring consumers to a broker they may already be considering. In either case, IIC is then paid a referral fee by the broker that the consumer chooses, 70% of which is given by IIC to that consumer’s Favorite Charity.
This is a question that you should ask your accountant. We have been advised that IIC funding is the same as a charitable contribution. Even if you do need to pay UBIT, your organization would likely still net over $1,000 from the $1,300 IIC distribution that would typically result from the sale of a $300,000 home.
We’ve set up a tracking system that enables Charity ABC to get 5% of the referral fee when a supporter of ABC chooses XYZ to get 70% of the referral fee. For a $300,000 home sale, Charity ABC would get $93. We call this an Introduction Fee.
Charities with loyal supporters are in a great position. Charities with large numbers of supporters can also do well, even if some of their supporters choose a different charity. (Please see preceding FAQ.)
If your organization has a “give or get” policy for board members, you could offer to count IIC transactions that either they (or people they’ve referred!) use IIC to find a broker and pick your organization. Our broker referral request form asks how you heard about IIC and there’s a place for name and email address so we can credit people with resulting transactions. Pretty nifty!
It only takes a 3-5 minutes to complete your IIC application. It can take up to 5 days for us to approve your application, but typically it’s only 1 or 2.
IIC subtracts $50 from the first check you receive each each year, to help offset our administrative costs. If you don’t get a check, there is no fee. And after your first check each year, there are no fees.
Perhaps, your organization has all the funding it needs to meet its mission? Honestly, the only reason we can think of is that you’re too busy writing grant applications or planning annual campaigns. Signing up is easier than any grant application and having just one supporter a year use IIC to buy or sell a $300,000 home would net your organization $1,320. And, you won’t have to write a grant report!