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The Chronicle of Philanthropy

Real Estate and Facilities: Understanding Your Options

Thursday, October 1, at 12 noon, U.S. Eastern time

Real-estate issues loom large for many nonprofit organizations, as physical space often represents a significant expense. Is it better to rent or buy? What are the best options for financing facilities? What "hidden" costs and issues can organizations expect?

The economic downturn has raised the stakes and added a new layer of complexity to classic real-estate challenges. This discussion will include answers to questions about the financial options for nonprofit organizations, foundations, and boards.

This event is part of The Chronicle of Philanthropy's series of free live discussions featuring Nonprofit Finance Fund to provide advice to nonprofit and foundation leaders on how to manage in tough economic times.

Clara Miller, chief executive of Nonprofit Finance Fund, along with other experts, will offer concrete and practical tips and ideas on some of the most pressing financial issues charities face today.

The series will take place every other Thursday at 12 noon, U.S. Eastern time, beginning Oct. 1.

The Guests

Clara Miller is chief executive of Nonprofit Finance Fund in New York, which provides loans and financial consulting services to nonprofit groups nationwide.

David N. Lebenstein is senior managing director at Colliers ABR, a commercial real-estate firm in New York, where he specializes in advising nonprofit groups. Previously Mr. Lebenstein served as executive director at the New York real-estate company Time Equities and was a founder of Interface, a civic watchdog organization in New York.

Debra D. Schwartz is director of program-related investments for the John D. and Catherine T. MacArthur Foundation, in Chicago. Previously, she was an executive at a child welfare agency in Chicago, an employment counselor and consultant for welfare-to-work programs, and an investment banker at John Nuveen & Company, in Chicago. Ms. Schwartz is a lecturer at the University of Chicago, where she teaches a course on evolving social sectors and the business of nonprofit groups.

Click here to submit a question in advance.


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