Business in Brief


Sheffield: BTCF to start fundraising series

The Berkshire Taconic Community Foundation will begin its fundraising series for nonprofits, "Center for Nonprofit Excellence Fall Seminar Series," on Thursday, Oct. 3.

The seminars are structured for the board and staff of nonprofits, at any level and are designed for organizations with annual revenues of less than $1 million. The seminars are organized as two "blocks": two linked but different sessions on major gifts fundraising and two linked and different sessions on grant writing. Participants are encouraged to attend all four sessions for maximum learning. Attendance at Part 2 does not require attendance at Part 1.

All the seminars will take place at the Berkshire South Regional Community Center in Great Barrington.

Part 1 of the grant-writing seminar takes place from 2:30 to 5:30 p.m. on Thursday, Oct. 3, while Part 2 takes place from 11:30 a.m. to 3 p.m. on Wednesday, Oct. 23.

Part 1 of the seminar on major gifts fundraising takes place between 2:30 and 5:30 p.m. on Thursday, Oct. 10, while Part 2 will be held between 11:30 a.m. and 3 p.m. on Wednesday, Oct. 30.

Registration is available at Berkshire Taconic’s website at Preregistration is required. New York state nonprofits will receive a 50 percent discount on all seminars through a grant from the Dyson Foundation.


Boston: Brokerages to pay $10.8M restitution

Five independent brokerage firms that sold non-traded Real Estate Investment Trusts improperly have agreed to pay an additional $10.8 million in restitution in the wake of a review of their procedures in the sales of other REITs to Massachusetts investors.

This second round of restitution brings the total amount returned to investors to $21.7 million, according to the Secretary of State’s office. All five firms paid fines and agreed to make restitution in May. The second round of restitution came after the state reviewed all other REITs that the firms had offered.

The five firms who paid a second round of restitution are Securities America, Ameriprise, Lincoln Financial Advisors Corp., Commonwealth Financial Network, and Royal Alliance Associates. A sixth firm, LPL Financial had completed both rounds of reviewing REIT sales earlier.


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