FOUNDATION PROFILE

Initially created as an Educational Trust Fund in 1965, the Foundation broadened its mission in 1997 as a philanthropic vehicle for the CRE organization, adding a separate international corpus endowed by Daryl Lippincott, CRE in 2000. The current balance of the combined corpuses is about $1.6 million and over $1.2 million in grants have been funded to date both domestically and internationally.

MISSION STATEMENT

The Counselors of Real Estate Foundation supports projects that benefit positive social, community, and educational efforts that feature a meaningful connection to real estate and knowledge sharing, while enhancing the profile of The Counselors of Real Estate® internationally. This mission reflects our CRE® culture of helping others and giving back to our communities - worldwide.

GRANT PARAMETERS

Grant requests should meet the following parameters:

1. Support the mission of The Counselors of Real Estate Foundation.
2. Grants typically range between $10,000 and $30,000 per year per recipient but can be higher (up to $100,000) for multi-year project funding.
3. Grant period no longer than three years.
4. A Counselor of Real Estate must be involved in either the grant application process or in actively monitoring/implementing the project.
5. Grant applications are accepted at any time. However, Foundation meetings typically take place in mid-February and mid-September and applications received less than 30 days in advance may be deferred to a future meeting.

GRANT RESTRICTIONS

• Except under unusual circumstances, grants are limited to government and/or not-for-profit entities.
• Except under unusual circumstances, grants are not made to fund local charities which might be more appropriately funded by local interests.
• The CRE Foundation generally does not fund projects which:

A.  Include stipends to CREs with the possible exception of research with a direct connection to the commercial real estate industry ("abstract" academic research is not traditionally funded).

B.  Include allocations to:

1. Salaries
2. Administrative costs
3. Travel and associated expenditures by project staff
4. For Profit entities and/or commercial enterprise

C.  Provide education targeted to professional audiences who have the means to cover expenses.

D.  Underwrite curriculum development.

E.  Advocate a certain position, initiative, or point of view.

DESIRED CHARACTERISTICS AND POTENTIAL IMPACTS

It is not necessary for a grant request to meet every criteria/characteristic listed below; the list is intended to provide general guidance for the projects that the Foundation is seeking to fund.

• Having a game-changing, consequential focus on critical contemporary real estate issues.
• Improving the level of data and data analysis used in the real estate industry.
• Making a meaningful difference in a local community including disaster relief if directly related to a real estate issue such as housing.
• Providing highly relevant, purposeful real estate education at the local, regional and global level.
• Projects that can be replicated in other communities and/or serve as a template for future projects.
• Projects that encourage the participation and engagement of under-represented groups in the field of real estate.
• Projects that showcase and enhance The Counselors of Real Estate® brand; and potentially related to The Counselors' “Top Ten Issues”.