Real Estate Gifts: What Every Nonprofit Should Know
In this installment of Key Wealth Matters, Key Private Bank Senior Relationship Manager Tracey Collins visits with Emily Mogen, ACoM, CPM®, National Manager of Trust Real Estate, and Cindy McDonald, National Director of Philanthropic Advice with KeyBank Institutional Advisors, for an in-depth discussion around how nonprofits should address gifted real estate. Don't miss this conversation, as Emily and Cindy provide an actionable list of steps and policies nonprofit leadership can implement to prepare for these gifts and maximize their impact.
Speakers:
Tracey D. Collins, MBA, CFP®, CDFA®, Senior Relationship Manager, Senior Vice President, Key Private Bank
Emily E. Mogen, ACoM, CPM®, National Manager, Trust Real Estate, Key Private Bank
Cynthia J. McDonald, CTFA, National Director of Philanthropic Advice, KeyBank Institutional Advisors
- 01:33 - Examples of real estate gifts and risks associated with them.
- 02:52 –Other questions that nonprofits should be asking before accepting real estate gifts.
- 3:11 – Gift acceptance policy considerations.
- 04:57 - What are the potential structures for completing a real estate gift?
- 06:44 –Could the proposed tax changes create more real estate gifting in the future?
- 07:27 - What is the pre-planning process before gifting real estate property?
- 08:59 – Key takeaways to help organizations better understand and prepare for real estate gifts.