Smith Senior Living Trustee since 1991
Smith Senior Living Board President, 2002 – 2007
“In the United States, not-for-profits play an essential role in delivering health, education and welfare. Fulfilling their missions on a daily basis, they earn the public trust and the confidence of donors and people they serve,” states Tom Chomicz, a recently retired partner at Quarles & Brady specializing in tax-exempt organizations, taxation and estate planning.
“The history of Smith Senior Living clearly illustrates how a non-profit’s mission and current needs can converge with a donor’s intent to serve a specific group of people over many decades,” he says referring to the 1929 gift of $1.75 million ($20 million in today’s dollars) from the estate of Emilie Smith.
“After our retirement community opened, in 1924, it was struggling,” he adds. “Today, as then, no matter the financial challenges in our country, people with resources have shared the benefits of their wealth. And Smith’s trustees have served as reliable stewards of the original gift, making it possible to ‘re-invent’ our style of retirement community to address the needs and wants of contemporary older adults.”
The Retirement Research Foundation, Cantigny Foundation, Richard H. Driehaus Foundation, Robert R. McCormick Tribune Foundation and John D. and Catherine T. MacArthur Foundation are just a few of the clients Tom Chomicz has advised for many decades.
He has also served on boards and committees for the Donors Forum of Chicago, Chicago Jobs Council, Illinois Attorney’s General Charitable Advisory Council, and the Foundation Lawyers Group. From 2005 through 2009, he chaired the Board of Trustees for Saint Xavier University.
Chomicz earned his J. D., cum laude, from the University of Minnesota and his bachelor’s degree from the University of St. Thomas. A member of the American and Chicago Bar Associations and admitted to the U. S. Tax Court, he is also a certified public accountant.