It is the mission of the OAR Education Fund to provide scholarships to students pursing a Bachelors degree or higher degree with a major or minor in real estate at a four-year degree granting college or university.
What is the Foundation?
The Ohio REALTORS Charitable and Educational Foundation was established by action of the Board of Trustees in 1980 and subsequently was given non-profit status by the Internal Revenue Service. The purpose of the fund is the establishment of scholarships for students actively pursuing a four-year degree or advanced in real estate or related field, at Ohio’s colleges or universities offering such a program.
The fund is set up as an endowment to permit the Trustees of the Fund to offer the interest form the principal in the form of scholarships. This will enable the fund to last in perpetuity.
By giving to the Ohio REALTORS Charitable and Educational Foundation, you will help a student offset the ever-rising cost of college–and that student, with your help, could be the highest caliber of sales associate to represent your office and our profession.
The student obtaining the award has the distinction of receiving a scholarship from the Ohio REALTORS Charitable and Educational Foundation–something he or she will be proud of for the rest of their lives. In addition, you will be proud of the distinction of having presented a gift to the Foundation. One of the highest achievements a profession can offer is to its’ future is a truly strong and viable Scholarship Foundation to last in perpetuity.
Where does my contribution go?
As stated above, the fund is set up to offer scholarships to students attending college. Annually, members of the Scholarship & Research Committee review applications submitted and award scholarships to applicants who best meet their qualifications.
How do I get additional information or make a contribution?
One of the many ways to make a donation is a gift by Will. A clause in your Will can provide either for that gift you always hoped you could make or for a continuing gift. Using bequests in Wills can be an effective way of contributing to the Ohio REALTORS Charitable and Educational Foundation and reducing the taxable portion of your estate for federal tax purposes.
When drawing a Will, the basic wording your attorney will need is: I GIVE, DEVISE, AND BEQUEATH, TO THE OHIO REALTORS CHARITABLE AND EDUCATIONAL FOUNDATION. (List a percentage, or specific amount or identify the specific property).
Finally, you should consult with your attorney and accountant for specific details and advice on developing this type of donation.
We would encourage you to donate in whatever way you think appropriate. What better way to ensure the future of a calling that has been as rewarding as the real estate profession.
Thank you for your consideration.
If you wish to contribute, please send donations to:
Ohio REALTORS Charitable & Educational Foundation
200 East Town Street
Columbus, OH 43215
Staff: Garry Moon /