Title: Gifts of Real Estate: They Don't Have to Be Perfect

Presenters: Pete Sommerfeld 

Date: February 22, 2022

Time: 1:00 to 2:00 p.m. EST

When a donor offers your organization a gift of real estate, the response is not always excitement. Apprehension, frustration and downright negativity can also be expressed. Lack of understanding, previous experiences (both good and bad) or lack of vision can color management’s opinion as to the value of such gifts. At the same time, proffered gifts are not always as they seem. Some may look like gems but are laden with problems. Some may look to be too complicated, even fatally flawed, but turn out to be transformative. After briefly laying out suggested guidelines for accepting gifts of real estate, the major portion of this session will center on a discussion of several actual gifts, both accepted and declined. The focus will be on the factors that helped guide the decisions, and the results. Participants will invited to share cases from their own experience in advance of the program for discussion and guidance during the webinar. All participants will leave the session with tools to help initiate, or refine, their processes for evaluating, receiving and managing gifts of real property.

Pete Sommerfeld

senior philanthropic advisor, oregon health & science university Foundation

Pete Sommerfeld joined the gift planning team at Oregon Health & Science University Foundation in October 1996. In December, 2010, he was named the Foundation’s first Senior Philanthropic Advisor, having previously served as its Senior Director of Gift Planning. In total, he has over 30 years of experience in the field. During his tenure with OHSU Foundation, he has collaborated with donors and their advisors to design and close a variety of gifts in support of all aspects of OHSU’s mission. Pete is a former Board member of the Northwest Planned Giving Roundtable, and holds membership in the National Association of Charitable Gift Planners and its Leadership Institute. In 2015 Pete received the Distinguished Service Award from the Roundtable in recognition of his contributions to the organization. In 2001 he earned designation as a Certified Specialist in Planned Giving (CSPG) from the American Institute of Philanthropic Studies at California State University, Long Beach.

Group webinars are intended for CGP affiliated councils or groups of up to 30 individuals.