In these trying times, the SIOR Foundation will be there for our members! We will assist our industry and will keep our mission moving forward. Like many, we have all been impacted with the markets substantially dropping and putting a large dent in our investment portfolios, however, the Foundation has confidence in the management of our investments by Luther King Capital. We have been fortunate over the last several years to have been diligent in protecting the Foundation assets for times like this. Even more encouraging is that our fellow SIOR members, associates, and sponsors have been very generous in recent years, including our largest Phonathon total (since 2006) this past November. Because of the additional revenue to our annual operating budget, the Foundation will be able to continue supporting all of our programs to students, chapters, and the real estate industry!
Over the last several years, the Foundation has been able to dramatically increase its giving. In FY19 alone, we provided over $230,000 in scholarships. Over the last three years, we gave $316,000 in grants to SIOR Chapters, with over $2.6 million since 1995.
We are all members of the greatest real estate association, in large part because of our gratitude, ethics, and camaraderie. Students need our help more than ever and local chapters need our support to come back strong when we can meet again. It is easy to give support when an organization is financially strong, but it is more important to be strong and continue to support when faced with economic challenges. The SIOR Foundation and its board of trustees will be there for you when it is needed most.
Give yourself a moment, take a deep breath, and do what you can to maintain an optimistic attitude while most of us work from home. Reconnect and enjoy the time with your families, stay healthy, and soon we will all be together again as an SIOR family at our local, regional, and global events.
Blessing to each and every one of you,