Real Estate for Nonprofits: Rules, Tax Implications and Potential Liability

Thursday, April 25, 2019 - 11:00am to 12:30pm
Organization Name: 
Nonprofit WebAdvisor
Event Topic: 

What do smart nonprofit leaders need to know about real estate ownership and usage? What should they do for optimal tax advantage and property protection? A nonprofit’s physical space needs careful attentiveness in terms of cost, long-term potential, benefit to participants, and potential liability. That all adds up to effective stewardship, knowledgeable strategy, and optimal legal compliance.

Please join attorney Sally Wagenmaker of Wagenmaker & Oberly, located in Chicago and Charleston, SC, as she covers the landscape of owning and renting real estate, state and federal taxes that may affect nonprofits’ property (and their bottom line!), and how to best protect real estate, particularly for a nonprofit with major program activities serving children and the public.

What You'll Learn

Just a sampling of what this webinar will cover:

  • What to consider in real estate purchase agreements and in leases

  • Being a landlord – Pitfalls and best practices to follow

  • Getting and keeping property tax exemption

  • How to avoid or reduce “UBIT” and other unwanted income tax liability

  • Keeping property safe through insurance and other risk management steps

  • Whether to form a separate legal entity for risk management, and the best way to do so

  • Leveraging real estate usage for wise stewardship of nonprofit charitable resources


Your Conference Leader

Your conference leader for “Real Estate for Nonprofits: Rules, Tax Implications and Potential Liability” is Sally Wagenmaker. Sally is a partner at Wagenmaker & Oberly, a law firm serving nonprofit organizations across the nation with offices in Chicago and Charleston. She provides legal counsel in corporate, tax, employment, and real estate matters for clients including churches and other religious organizations, social service providers, and schools. Sally speaks regularly on nonprofit legal issues and writes through her law firm’s blog ( She has authored numerous articles on tax-exempt topics including religious liberty issues, state exemption, governance, and political advocacy. Sally is actively involved with Christian Legal Society and is a member of the Illinois and Georgia bars.

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