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November 03, 2009

More Nonprofit Groups Eye Real Estate as a Revenue Source

Nonprofit organizations are increasingly looking at their property holdings as a revenue generator, the Washington Business Journal reports, citing a survey of charities and business associations by the commercial brokerage group CB Richard Ellis.

Thirty-nine percent of respondents listed real estate as an alternative income source, up five percentage points from 2008. Professional associations were more likely to do so than charities, by a 42-36 margin.

Tuesday November 3, 2009 | Permalink

Comments

1. Once real estate used to be the province of churches,and colleges…Churches enabled their parishioners to have a home. Parishioners left their real estate to churches. Now everyone wants to get in the game. Good grief we’re in trouble.

   — doris scott    Nov 3, 09:34 PM    #

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