Slow Real-Estate Market Depresses Bequests
Wednesday, May 19th, 2010
The Chronicle of Philanthropy
By Holly Hall
May 17, 2010
Several charities have told The Chronicle that it’s taking them longer to receive money they were promised in donors’ wills because it is so hard to sell the real estate and other items donors left when they died.
Even when the properties do sell, the price is often substantially lower than it was before the real estate market started to plummet in 2007.
The Chronicle of Philanthropy
By Holly Hall
May 17, 2010
Several charities have told The Chronicle that it’s taking them longer to receive money they were promised in donors’ wills because it is so hard to sell the real estate and other items donors left when they died.
Even when the properties do sell, the price is often substantially lower than it was before the real estate market started to plummet in 2007.

