HB 4595

Abstract

Amends the General Not For Profit Corporation Act of 1986. Provides that the Secretary of State shall include data fields on its annual report form that allows a corporation to report, at its discretion, the aggregated demographic information of its directors and officers, including race, ethnicity, gender, disability status, veteran status, sexual orientation, and gender identity. Provides that, within 30 days after filing its annual AG990-IL Charitable Organization Annual Report, a corporation that reports grants of $1,000,000 or more to other charitable organizations shall post on its publicly available website, if one exists, the aggregated demographic information of the corporation's directors and officers, including race, ethnicity, gender, disability status, veteran status, sexual orientation, and gender identity. Provides that the aggregated demographic information shall be accessible on the corporation's publicly available website for at least 5 years after it is posted. Provides that the Department of Human Rights shall work with community partners to prepare and publish a standardized list of demographic classifications to be used by the Secretary of State and corporations for the reporting of the aggregated demographic information. Provides that, in collecting the aggregated demographic information, a corporation shall allow for an individual to decline to disclose any or all personal demographic information to the corporation. Effective January 1, 2025.