Many religious institutes own property that, at one time, may have supported a thriving ministry or flourishing community life, but now is underutilized, unused, or in need of repurposing for future use.
We understand that this property represents more than just buildings and land that may have financial value. It often holds historical significance, conjures deep emotion, and in some cases, may still support an institute’s communal life or mission.
We also understand the practical realities and unintended consequences of retaining property that is no longer suited for current needs or realities. Continued ownership might be a burden or challenge your commitment to responsible stewardship. The time, energy, and financial resources it requires could be directed elsewhere for a greater purpose.
In this session, we provided a thoughtful approach to the complex and often difficult discernment that religious institutes face when making decisions related to property. We addressed both the emotional and practical realities that contribute to the complexity, how to identify and align your priorities, and how to navigate competing values.
Learning objective:
Participants will leave with practical resources to evaluate their relationship with property and address their institute’s current and future needs.
Who should attend:
This session is intended for leaders of religious institutes and their executive-level staff.
Presenters:
- Sister Mary Pellegrino, CSJ, Senior Vice President, Plante Moran Realpoint
- Doug Smith, Principal, Plante Moran Realpoint
- Anna Sklut, Vice President, Plante Moran Realpoint
