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About the Foundations

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What are the differences of the Foundations?:

C.A.R. Scholarship Foundation

C.A.R. Education Foundation

Benefits California Students attending a two-year College or four-year University pursing a real estate related career

Benefits California REALTORS® and the real estate community as a whole by ensuring a better educated REALTOR® professional

Students may receive Scholarships for a two-year College up to $2,000

Scholarships for a four-year University may be up to $4,000

Grant Awards can cover full course costs or full admission to an educational event depending on the offerings each year

 

Applications available in early Winter and due on April 1st

Applications available in early Summer and due August 1st and may vary


What type of fund may I contribute to for either Foundation?:

C.A.R. Scholarship Foundation

 

C.A.R. Education Foundation

A perpetual fund may be initiated with only $500. Once the initiated fund reaches $10,000 it is considered a perpetual fund and may be given in honor/memory of an individual/association forever


A legacy “named fund” may be initiated with just $500 as well. Once the initiated fund reaches $10,000 it is considered a legacy “named fund” and may be given in honor/memory of an individual/association until all funds have been awarded


Individuals or groups may establish a Legacy “Named Fund” by consulting with an estate planner, tax professional and attorney. Learn how to initiate this fund.

How do these funds work? The funds for each foundation are invested with C.A.R.’s financial managers. Each year both foundations are given a recommended budget to consider for award recipients.

 

 

Revised: 10/14/20


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