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Article: Making Real Estate Work for Nonprofits
- Article from:
- Nonprofit World
- Article date:
- March 1, 2008
- Author:
CopyrightCopyright Society For Nonprofit Organizations Mar/Apr 2008. Provided by ProQuest LLC. (Hide copyright information)
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Take these steps to reap the rewards of real-estate development.
Individuals and corporations have built empires by owning and managing real estate. While opportunities exist for nonprofits to capitalize on real-estate ownership, few take full advantage. Rather than owning land and buildings for long-term benefit, most nonprofits seek short-term gains. As a result, they don't enjoy the full value of real estate, which can be in the form of appreciation or future income streams.
One of the biggest misconceptions is that developing land isn't compatible with operating a nonprofit organization. It's plausible that a nonprofit that tries to develop property on its own could lose its tax-exempt ...