NON-PROFIT OWNED ASSETS

Non-Profit Owned Assets

Does your non-profit organization own a community asset?
Are you considering divesting?

Many non-profits and community organizations own buildings, real estate, or other assets that provide benefits to the communities in which they serve. In difficult economic climates, or with shifts in funding or demographics, organizations may be faced with having to sell or divest of their assets. The loss of non-profit-owned assets can have far-reaching impacts, depriving communities of services and facilities that meet a variety of needs. The rising cost of real estate also means that regaining these assets, once lost, may be beyond the means of many organizations.

Victoria Legion goes belly-up due to lack of volunteers

We want to learn more…

Scale Institute Society and the UVic Map Shop, in a research and mapping project funded by the Victoria Foundation, endeavoured to better understand the current landscape of non-profit-owned assets, and any potential risks that may lead to the loss of these assets.

We heard from non-profit and community organizations with owned real estate assets that are based in Greater Victoria, Cowichan Valley, or the Southern Gulf Islands, including:

Churches or Religious Organizations
Legions & Member-Based Clubs
Community Associations & Societies
Registered Charities

What kind of assets?

Real estate holdings and community spaces, including:

Religious Centres
Community Halls
Retail or Office Spaces
Program Space
Residential Rentals
Multi-use Buildings
Activity Centres
Parks or Community Gardens
Campgrounds & Outdoor Recreation Spaces

NON-PROFIT OWNED ASSETS REPORT

The report presented findings based on mapping and interviews with local non-profits as to the state of their asset and assessment of whether these assets are at risk of being sold or privatized.

NON-PROFIT OWNED ASSETS REPORT OUT AND DISCUSSION

This session shared the report on the state of non-profit owned assets in the Greater Victoria region. It presents findings based on mapping and interviews with local non-profits as to the state of their asset and assessment of whether these assets are at risk of being sold or privatized.