About the Foundation
The Foundation was established at the request of the membership – the idea for the Foundation came from the business planning sessions in 2007 and 2008 – members wanted a 501(c)(3) corporation that could accept tax deductible contributions and respond quickly to a national disaster in Connecticut; similar to the manner in which the REALTORS® Relief Foundation functioned after Hurricane Katrina.
The Foundation formalizes the charitable efforts of the Association – in the past, CAR has responded generously when disaster struck (the 9/11 tragedy, Hurricanes Katrina and Rita in the gulf coast, the tornadoes in Kansas) and the Foundation is the natural progression of that tradition.
The Foundation is not CAR – the Connecticut Association of REALTORS® Foundation, Inc. was established in February 2009 as a separate entity, independent of CAR with a separate Board of Trustees.
- Click here for a copy of the CAR Foundation's IRS letter of determination.
- Click here for a copy of the CAR Foundation's 2013 Form 990.
The Gates Scholarship Fund is now part of the Foundation, but the way the money is used has not changed – the Gates Fund was transferred to the Foundation in 2009 and that money along with all future donations to the scholarship fund will only be used to award scholarships to the children of Connecticut REALTORS® – nothing has changed except that donations to the scholarship fund are now tax deductible. Over the past 35 years, the Fund has provided approximately $675,000 in scholarships.
The Foundation needs funding to fulfill its mission statement – in addition to awarding scholarships, the Foundation’s mission is to provide support to Connecticut REALTOR® members and their families, primarily, but also to the citizens of the State of Connecticut, in times of need or natural disaster (as defined by local, state and federal agencies) and it can make donations in response to national or international disasters. Due to minimal resources, the Foundation has limited its assistance (aside from scholarship awards) to making donations to disaster relief efforts.
The Foundation holds an annual Wine Tasting fundraiser each fall. Click here to check out photos from last year's Autumn Wine Tasting event.