CARES Foundation: Transforming Communities Through Philanthropy
CARES Foundation Launches to Enhance Community Impact
In a significant move aimed at boosting the spirit of giving, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) has launched the CARES Foundation. This initiative aims to unite and enhance C.A.R.'s philanthropic efforts, all while making a positive impact on communities across California.
A Million-Dollar Commitment for Local Causes
The foundation kicks off with a robust $1 million seed investment from C.A.R., setting the stage for increased charitable initiatives. The CARES Foundation emerges as a critical player in nurturing and supporting local communities, embodying the realtors' appreciation for their roles beyond just selling properties.
Combining Efforts for Greater Good
CARES will integrate four major charitable programs that have functioned independently for years. These include the Housing Affordability Fund, Disaster Relief Fund, Scholarship Foundation, and Education Foundation. Collectively, these initiatives have delivered over $7 million in vital resources to the residents of California, targeting areas such as:
- Providing more than $1 million in scholarships supporting students pursuing real estate-related degrees.
- Offering $4 million in assistance for closing costs to facilitate homeownership.
- Allocating $2 million in disaster relief to assist real estate professionals and their families during crises.
- Investing $150,000 in education grants designed to elevate the standard of real estate practice among REALTORS®.
Real Estate Professionals Making a Difference
C.A.R. President Heather Ozur expressed the vision behind the foundation stating, "Every day, REALTORS® make a difference in communities across California. The launch of CARES and our significant seed commitment is about expanding life-changing programs and showcasing REALTORS®' dedication and leadership in civic engagement." This initiative highlights a holistic approach, linking the transaction of buying and selling homes to active participation in community enhancement.
Strengthening the Foundation's Reach
Throughout its history spanning over 75 years, the charitable causes unified under CARES have empowered California REALTORS® to influence not only the real estate landscape but also to uplift the community at large. By consolidating these programs, CARES enables REALTORS® to amplify their contributions, fostering a deeper commitment to community outreach.
Guidance from Leaders and Philanthropists
The inaugural Board of Directors for the CARES Foundation is composed of REALTOR® leaders and notable champions of philanthropy who will provide strategic guidance and support the mission of the foundation.
Exciting Launch Plans Ahead
CARES unveiled its ambitious first Annual Campaign at the REImagine!® Conference and Expo. Anticipated to officially launch in early 2026, this campaign has already ignited enthusiasm, as leadership and members of C.A.R. have already committed over $38,000 in pledges towards the foundation's goals.
The Community is Invited to Join
Karah Shaw, Chairperson of the CARES Board, emphasized that with this foundation, the goal is to broaden the impact of the programs while inviting the entire community—including those outside the REALTOR® network—to participate in making differences that matter.
About the CALIFORNIA ASSOCIATION OF REALTORS®
Leading the charge in California real estate for 120 years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is recognized as one of the largest trade organizations in the nation. With around 190,000 members, C.A.R. is committed to advancing professionalism and enhancing the real estate industry throughout California. Headquartered in Sacramento, its initiatives like the CARES Foundation continue to make a substantial impact in California.
Frequently Asked Questions
What is the purpose of the CARES Foundation?
The CARES Foundation aims to enhance C.A.R.'s charitable efforts, creating a stronger community impact across California.
How much funding has the CARES Foundation received initially?
The foundation has launched with a significant initial commitment of $1 million from C.A.R.
What programs are included under the CARES Foundation?
It includes the Housing Affordability Fund, Disaster Relief Fund, Scholarship Foundation, and Education Foundation.
How have these programs helped the community?
They have provided over $7 million in support, which includes scholarships, disaster relief funds, and homeownership assistance.
Who is leading the CARES Foundation?
The CARES Board of Directors consists of REALTOR® leaders and philanthropic champions dedicated to guiding the foundation's vision and actions.
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