GBREB Foundation Scholarship Fund
The Greater Boston Real Estate Board Scholarship Fund was established in 2012 with the goal of helping economically disadvantaged young people attend and graduate from college by providing them with scholarship assistance and financial aid counseling. In order to accomplish their mission, GBREB partnered with uAspire, a Boston-based organization that has been helping students from low-income families find an affordable path to a postsecondary education since 1985.
Now in its fifth year, the GBREB Foundation has awarded over $500,000 in 'last dollar' scholarships that are granted for the purpose of filling the gap between students' financial aid and the costs of college beyond tuition – such as room and board, computers, books and supplies &medash; to graduating seniors in the Greater Boston area. Scholarships of $1,000-$5,000 are awarded to students each spring based on financial need, academic achievement, leadership, extra-curricular involvement, and short written essays, and are guaranteed for two years. These scholarships can sometimes be the determining factor as to whether or not a low-income student will attend college.
In 2015, the Foundation launched the Annual GBREB Foundation Scholarship Fund Leadership Breakfast, which celebrates the student scholarship awards and recognizes the donors who so thoughtfully contributed to the fund. The breakfast program also honors Massachusetts' real estate leaders who were the first in their families to graduate from college with the First One Award. Created by uAspire in 2011, the award encourages students to recognize how the power of higher education can propel individuals and families out of poverty and toward lives of opportunity and service.
In conjunction with the Scholarship Fund Leadership Breakfast, the Foundation created the College to Career Initiative summer student internship program, which is designed to cultivate a more diverse generation of real estate professionals in Greater Boston. The paid, 6-8 week program connects economically disadvantaged but academically gifted students with firms involved in the various facets of the commercial real estate industry.
The Foundation is a charitable tax exempt 501 (c)(3) organization which raises funds through the philanthropic giving of its five member organizations, the Building Owners and Managers Association of Boston (BOMA), Commercial Brokers Association (CBA), Greater Boston Association of REALTORS® (GBAR), Real Estate Finance Association (REFA), and the Rental Housing Association (RHA).