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
The mission of the Lincoln Park Community Shelter is to empower homeless men and women to make life changes.
Our mission is to help the poor,the homeless and low income families by offering housing and supportive services so they can have a stable home environment in which they may support themselves and their families.Our organization is committed to the development and provision of safe, decent and affordable housing to aid very-low to moderate income families and persons by combating community deterioration.
Mujeres en Cambio is a grassroots, non profit organization that supports rural Mexican girls and women with limited resources to help them realize their full potential, and empower them to change their lives and that of their families and communities by providing educational scholarships.
The Club's mission is to protect endangered manatees and their aquatic habitat for future generations.
Greater Ottawa County United Way supports, develops, and implements a range of impact solutions that improve lives and create stronger communities.
CHANGE Illinois is a coalition working towards political and government reform in areas such as voting rights, citizen participation, government transparency, campaign finance, and redistricting. CHANGE (the Coalition for Honest and New Government Ethics) includes a diverse group of civic, business, labor, professional, non-profit and philanthropic organizations that represent more than 2 million members.
Feed the Hungry is committed to the health and well-being of disadvantaged children in the San Miguel de Allende Community. We alleviate hunger through school meals, nutritional family education, and affiliated programs. We provide nutrition education to primary school children, teachers, and the mothers of the children that we serve. Children must be in school to receive the meals that we serve every school day. We provide a hot well-balanced meal to 4,000 disadvantaged kinder and primary school children every school day, and we partner with another non-profit to bring regular dental care to the children we serve in remote communities surrounding San Miguel. Furthermore, we provide one on one family nutritional counseling and nutrition and hygiene workshops for mothers of the children we serve and provide jobs with benefits for 60 women (cooks) in 27 school kitchens in rural and marginal communities in San Miguel de Allende.
HealthConnect One (HC One), formerly Chicago Health Connection, is a nationally recognized nonprofit training and technical assistance agency that uses innovative, community-based approaches to support direct-service providers in promoting the health of mothers, infants, and families.The organization trains community health workers, develops community-based initiatives, and mobilizes diverse stakeholders to build for policies and programs that improve maternal and child health.Since 1986, HC One has trained thousands of parents, community health workers and direct service providers to promote breastfeeding, provide pregnancy and birthing support, and prevent infant mortality, with significant documented results.In addition, HC One assists organizations in developing and implementing innovative, research-based initiatives that directly impact health disparities, including breastfeeding peer counselor and community-based doula programs.
The League of Chicago Theatres is an alliance of theaters that leverages its collective strength to promote, support and advocate for Chicago's theater industry locally, nationally, and internationally.
In all its programs and activities, the Richards Institute of Education and Research fosters the development and well-being of children through song, play and the study of artful teaching. The vision of the Richards Institute of Education and Research is that all children develop a love of learning and thrive in communities dedicated to their well-being. Offering a refreshingly different way to approach learning, Education Through Music (ETM) frees adults to teach and parent in accordance with the joyful nature of children. Through song and play, ETM provides a gateway for contemporary understanding oflearning, motivation, child theory and cognitive development.
The mission of Bottomless Closet is to support women in transition by providing business and professional clothing, career skills and image coaching. Women are empowered to interview with confidence, gain employment and achieve economic self-sufficiency.
Art21 introduces broad public audiences to today's visual artists through the production of films, books, Web-based resources and education programs. Over the past 10 years, Art21 has established itself as the preeminent resource on contemporary art and artists through its Peabody Award-winning PBS primetime television series Art:21ÑArt in the Twenty-First Century. Art21's straightforward approach of presenting artists at work and in their own words revolutionized the presentation of art on television; its current programs aim to pioneer new perspectives on contemporary art and artists via innovative broadcast, Web, and live programming.
Art21's programs are designed spark discussion, inspire creativity, and educate:
1) A new generation about contemporary art and art making;
2) teachers about how to engage students with the art of their time; and
3) the public at large about the life of the artistic mind.
Art21's accomplishments include:
¥ 5 Art:21ÑArt in the Twenty-First Century seas
We have established guidelines for which Charities qualify as Eligible Charities, 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 in 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 you or any other party in any real estate transaction.
IIC provides a program (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!
This is a question for your accountant. We have been advised as follows: There is actually a three part test: (1) the activity constitute a “trade or business”; (2) the activity be “regularly carried on”; and (3) that the activity not be ”substantially related” to an exempt function of the organization. So even if you do need to pay UBIT, your organization would likely still net over $1,000 on 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.
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.
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 an application. It can take up to 5 days to approve the application, but typically it’s 1 or 2. Then, it’s just a matter of getting the word out to your board, employees, and supporters – and periodically reminding them. Once you get your first success story, you’ll have an even more compelling story to tell!
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!