Generally, when a nonprofit acquires, builds or renovates a facility, they embark on a capital campaign to raise dollars to cover the cost of the project. Our September Speaker Series event will outline the essentials of preparing for a capital campaign. The Giving Tree team will highlight best practices alongside guest speaker, Michael Tarnoff, who will share his expertise on using tax exempt bonds to finance the acquisition or construction of a new building. This alternative strategy results in a successful capital project and an endowment fund. Don’t miss it!

 

Tuesday, September 20, 2016
10:00 am – 12:00 pm: Registration & Session
12:00 pm – 1:00 pm: Lunch & Networking

West Loop, Chicago
*exact location will be determined closer to the event date

 

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Before retiring in 2015, Michael Tarnoff, University of Chicago MBA, spent 36 years at the Jewish United Fund/Jewish Federation of Metropolitan Chicago (Federation) as the Executive Vice President & CFO, where he provided strategic direction and management oversight in the areas of finance, accounting, investment portfolio management, compliance, labor relations, employee benefits, insurance/risk management, and real estate development and management. During his tenure, the Federation Endowment grew from $39 million in 1980 to today’s total of $1.4 billion. He also created the JFMC Facilities Corporation, a real estate holding company to own, operate and finance the land and buildings of the Federation and its affiliate agencies.  Michael is a founder of two nation-wide programs providing services to all Jewish Federations in the US and their affiliate and beneficiary agencies: JFBP, Jewish Federation Bond Program, which provides tax-exempt bond underwriting services for capital projects;  and JFIP, Jewish Federation Investment Program, which provides Endowment portfolio investment management services. From 2010 to 2015, Michael was one of the inaugural members of the Financial Accounting Standards Board’s (FASB) Nonprofit Advisory Committee (NAC). Since his retirement Michael continues to work with Federation on a consultative basis, is a consultant to many other nonprofit organizations, and serves on the Boards of a number of non-profit and for-profit organizations.

Register today!

Please email Ilissa Berz at with any questions.