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.
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 requests should meet the following parameters:
- Support the mission of The Counselors of Real Estate Foundation.
- 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.
- Grant period no longer than three years.
- A Counselor of Real Estate must be involved in either the grant application process or in actively monitoring/implementing the project.
- 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.
- 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:
- Administrative costs
- Travel and associated expenditures by project staff
- 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”.
PLEDGE YOUR SUPPORT
Help make the CRE Foundation a force in your community by donating today.
James S. Lee, CRE - Foundation Chair
William P.J. McCarthy, CRE - Foundation Vice Chair
John J. Baczewski, CRE - Foundation Secretary/Treasurer
Deborah J. Cloutier, CRE - Trustee
Edward W. Dinan III, CRE - Trustee
Graham C. Grady, CRE - Trustee
Alan G. Hembel, CRE - Trustee
John J. Hentschel, CRE - Trustee
David Hooks, CRE - Trustee
Gregory B. Ibbetson, CRE - Trustee
Roy J. Schneiderman, CRE - Trustee
Peter E. Sockler, CRE - Trustee
A. Lloyd Thomas, CRE - Trustee
Elaine M. Worzala, CRE - Trustee
Bowen H. McCoy, CRE - Trustee Emeritus