sign in
Forgot your password?
Want more? Register today for a trial. 7-day trial
14

Biography

Mr. Thomas has enjoyed a twenty-five year career serving the not-for-profit community, and in the last decade has focused on a variety of charitable planned gifts. He is Vice President of Advancement at The American College in Bryn Mawr, PA, where he is responsible for major and planned gifts. He is currently stewarding a $50 million comprehensive campaign authorized by the Board of Trustees in June 2010. To date, he has personally achieved pledges and commitments to the campaign of $10.3 million.

Mr. Thomas joined The Devereux Foundation in 1985 as Vice President of Real Estate and President of Devereux Properties, Inc. He was elected Vice President and General Counsel, and Secretary in 1995. He was elected Vice President of Planned Giving and Real Estate in 2002. He served in that position until 2009. Mr. Thomas served as the Planned Giving Officer responsible for all trusts and estates-related gifts and all real estate gifts.

During his tenure with Devereux, Devereux accepted numerous, complex planned gifts. Mr. Thomas was directly responsible for gifts and expectancies donated or committed to Devereux in excess of $27 million. He sold in excess of $74 million of surplus Devereux property between 1985 and 2009.

Prior to joining Devereux, he worked in the real estate finance groups of Massachusetts Mutual Life Insurance Company and Aetna Life and Casualty Company.

Mr. Thomas received a Bachelor of Science in Economics from American International College in Springfield, MA and his Juris Doctor from Western New England College, School of Law, also in Springfield, MA.

Commentary

Complex Charitable Real Estate Gifts: Issues and Solutions

Saturday, October 1, 2005

This article provides insight to the sophisticated gift planner on the cultivation, negotiation and closing of complex real estate gifts. Special focus is on the analysis and structuring of real estate to fund planned gifts with the objective of minimizing risks that the unwary charity might otherwise encounter. The topics covered assume the reader already has exposure to and training in the basic issues relating to real estate gifts. Upon completion, the reader will have greater comfort with planned gifts funded by real estate and an enhanced knowledge to make more informed recommendations to the governing board about real estate donations.