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Appraisal Institute Education and Relief Foundation

Public charity
DBA: RELIEF FOUNDATION
Other · CHICAGO, IL · EIN 36-6076334

About

The aierf is organized for charitable, literary, educational and scientific purposes. In furtherance of these purposes, but always limited by the foregoing general purposes, aierf shall have the power to: (1) receive, administer and disburse funds for the purpose of improving, advancing, researching and teaching the techniques of real estate appraisal, with benefits to be made available to the interested public; (2) provide emergency financial assistance (i) to designated members, candidates, practicing affiliates, affiliates, employees (and their dependents) of the appraisal institute, an illinois not for profit corporation organized under the code, and (II) to individuals who have made meaningful contributions to the real estate profession (collectively, "recipients"), who have experienced a disaster or emergency that has left the recipients in a state of financial, physical, or emotional distress; (3) promote and conduct research and study into ALL aspects of real estate appraisal, with findings and conclusions to be made available to the interested public; (4) foster the establishment of educational standards for real estate appraisals; (5) maintain a library and encourage and cause the writing and publication of treatises, books and pamphlets relating to real estate appraisal, which are to be made available to the interested public; (6) encourage and interest educational and other organizations in improving, advancing and teaching real estate appraisal; (7) provide scholarships and grants to qualified persons for education in or work in the field of real estate appraisal; and (8) engage in similar activities in furtherance of the purposes stated above.

DBA Relief Foundation

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
13

Financial Snapshot

FY ending 2024-12-31
Revenue
$399K
Expenses
$463K
Assets
$8.2M
Liabilities
$31K

Financial history

$1.0M$508K$0
161718192021222324
RevenueExpenses
Latest FY2024: $399K · Peak FY2016: $1.0M · Avg: $435K

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$137K
APPRAISAL INSTITUTE EDUCATION AND RELIEF FOUNDATION
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Address

200 W Madison ST STE 2630
Chicago, IL, 60606-341

Governance

Voting board members13
Independent members13
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %0.0%
Permanent endowment %27.0%
Endowment held by related orgNo
Public records
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