Overview
What is Nareit Foundation?
Nareit Foundation, based in Washington D.C., is a nonprofit organization that provides contributions to various charitable, educational, and other organizations recognized as tax-exempt under Section 501(c)(3) of the Internal Revenue Code. The foundation's mission includes making grants to these qualified organizations, promoting and advancing diversity, equity, and inclusion in the real estate investment trust (REIT) industry, and sponsoring educational conferences or publishing written educational material dealing with legal, accounting, and regulatory matters concerning REITs. By supporting charities and advocating for inclusivity in the REIT sector, the Nareit Foundation aims to contribute positively to its industry and the broader community.
Is Nareit Foundation legitimate?
Nareit Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nareit Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Nareit Foundation?
The Nareit Foundation's mission involves making grants to charitable, educational, and other organizations that have been recognized as exempt from federal income tax under Section 501(C)(3) of the Internal Revenue Code. Additionally, it strives to promote and advance diversity, equity, and inclusion within the real estate investment trust industry. The foundation also sponsors educational conferences or publishes written educational materials dealing with legal, accounting, and regulatory matters concerning real estate investment trusts.
What is the revenue of Nareit Foundation?
Nareit Foundation's revenue in 2023 was $935,929.
Who are the executives of Nareit Foundation and what are their salaries?
There 9 volunteers at Nareit Foundation.
Here are 20 key members and their salaries:
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- Related: $2,685,856
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- Related: $1,053,513
- Other: $67,260
Where can I find the form 990 for Nareit Foundation?
Nareit Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nareit Foundation
The Nareit Foundation, a charitable organization, is committed to making grants to various organizations that fall under Section 501(C)(3) of the Internal Revenue Code. These organizations are recognized as exempt from federal income tax. The foundation's mission extends beyond financial aid, as it also works towards promoting and advancing diversity, equity, and inclusion within the real estate investment trust industry. In addition, the Nareit Foundation sponsors educational conferences and publishes written educational material related to legal, accounting, and regulatory matters concerning real estate investment trusts. By doing so, the foundation aims to contribute to the industry's growth and development, while also fostering a more inclusive environment.
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Impact
October, 2024
The Nareit Foundation makes a significant impact by providing grants to various charitable and educational organizations recognized as exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. This financial support enables these organizations to pursue their missions and contribute to the broader community.
Additionally, the foundation is committed to promoting diversity, equity, and inclusion within the real estate investment trust (REIT) industry. By taking proactive steps in this regard, it fosters a more inclusive environment that can lead to innovative perspectives and practices in the field.
Moreover, the Nareit Foundation sponsors educational conferences and publishes written materials that address critical legal, accounting, and regulatory matters related to REITs. This dissemination of knowledge plays a crucial role in enhancing understanding and expertise within the industry, ultimately benefiting professionals and stakeholders alike.
Overall, the Nareit Foundation's efforts contribute to community improvement and the advancement of critical conversations surrounding diversity and educational development within the realm of real estate investment.
This information is meant to be a general summary of Nareit Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $87,850
- Gross Receipts: $958,553
Assets and Liabilities:
- Total Assets: $2,887,761
- Total Liabilities: $0
- Net Assets: $2,887,761
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Organization Details
Founding Year
2003
Principal Officer
Steven Wechsler
NTEE Category
Code: S114 - Community improvement
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