Greater Boston Real Estate Board Foundation
Greater Boston Real Estate Board is an over 12,000 member association powering @BOMABoston @CBAboston @REFAboston @GBAREALTORS and @MassApts. Founded in 1889. One organization powering five divisions of over 13,000 real estate professionals throughout Greater Grants to charitable 501(c) organizations whose activities are conducted in the Greater Boston area.
Greater Boston Real Estate Board Foundation
Overview
The Greater Boston Real Estate Board Foundation is a 501(c)(3) nonprofit organization focused on supporting charitable activities, particularly those related to housing in the Greater Boston area. It was established in 1994 with the primary goal of providing contributions to housing-related charities.
Purpose and Activities
The foundation is involved in grantmaking activities, providing financial support to charitable organizations operating within its specified geographic area. Its primary aim is to enhance community well-being through housing-related initiatives.
Financial Information
The foundation's financial activities are primarily driven by contributions from donors. It also generates some income from investments. According to recent financial reports, the organization holds significant assets and engages in substantial grant distributions annually.
Legal Status
As a registered 501(c)(3) organization, donations to the Greater Boston Real Estate Board Foundation are tax-deductible. This designation allows donors to claim deductions for their contributions under U.S. tax law, incentivizing philanthropic support for the foundation's mission.
Governance and Operations
Detailed information on the foundation's board members is not publicly available. However, its operations are structured to support the broader goals of promoting housing-related charitable causes within the Greater Boston community.
Impact and Community Role
By focusing on housing-related charities, the foundation plays a crucial role in addressing local community needs. Its grantmaking activities contribute to improving access to housing and supporting other related social initiatives in the region.
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Governor Maura Healey today signed into law the Housing Bond Bill. The Affordable Homes Act will support the production, preservation and rehabilitation of more than 65,000 homes statewide over the next five years. “We applaud the Governor and her administration, the Speaker, Senate President and all the stakeholders who are dedicated to leading the Commonwealth through this moment and championing reforms which are paramount to making Massachusetts a more affordable place to live and work,” said Greg Vasil, CEO of the Greater Boston Real Estate Board.
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