As nonprofits approached the end of 2023, they are faced with a major shrinkage of individual donations and lower-to-no grants received. The estimated drop in total contributions is 30%. Reverse mortgages can be a solution to support donors in making major gifts now. This program will be presented by Ed Frankel, a longtime financial expert and nonprofit activist who has been directly and indirectly responsible for raising millions of dollars for charitable organizations. He has been working with reverse mortgages for two decades and has seen their great benefit to a nonprofit’s bottom line.

Key Learning Objectives

- Identify who is eligible to leverage reverse mortgage as a philanthropic opportunity and how that can benefit your organization
- Discover how reverse mortgages can help legacy gift prospects contribute now
- Learn about reverse mortgage benefits and myths
- Understand the difference between reverse mortgages and home equity lines of credit.

About the Presenter: Ed Frankel

In addition to over 15 years of Wall Street experience, Mr. Frankel has served in many capacities over his years of service to nonprofit organizations:
- Foremost as a founder President of the Cancer Support Community - South Bay, Torrance, California (Former name The Wellness Community)
Chairman of the South Bay Hospital Cancer Foundation - Redondo Beach, California
- Board Member of Three Hospitals: South Bay Hospital - Redondo Beach, California; Chairman of Little Company of Mary (A Providence Hospital) Planned Giving Committee - Torrance, California; Bay Harbor Hospital - Los Angeles, California
- Board Member of Temple Menorah - Torrance, California
- Chair of the Planned Giving Committee, Kol Ami - Vancouver, Washington
- Board member, Human Resources Council (Volunteer Connections)- Vancouver, Washington
- Member of The Advisory Board of The Oregon Jewish Community Foundation- Portland, Oregon