Iowa Association of REALTORS® :: Member Services

Find...

My Account

Home > Member Services > REALTOR® Foundation

Iowa REALTOR® Foundation

REALTORS® - Send your trust account interest to the REALTOR® Foundation

Every year, the Iowa REALTOR® Foundation contributes thousands of dollars to affordable housing programs, scholarships for bright, young Iowans, and promotes other programs across the state that keep Iowa an attractive place to live.

Instead of contributing your trust account interest to the state's general fund, we provide a way for your to divert this interest to the REALTOR® Foundation, where it can be put back into real estate programs to help Iowans achieve the goal of homeownership.

Use the following links for more information about this exciting program:

Other Ways to Give to the Foundation

Your Goal	Your Gift	How to Make the Gift	Your Benefits
Make a quick and easy gift	Outright gift	Donate cash, securities or personal property; see suggested language	Income tax deduction; avoidance of any capital gains taxes
Make a revocable gift during your lifetime	Living Trust	Name us beneficiary of assets in a living trust; contact your attorney	Control of trust for lifetime; possible estate tax savings
Defer a gift until after your lifetime	Bequest in will	Name us in your will; see suggested language	A donation exempt from federal estate taxes
Make a large gift with little cost to yourself	Life insurance gift	Give an old or new policy with us as beneficiary; contact your insurance agent	Current income tax deduction; possible future deductions
Avoid the twofold taxation on retirement plan assets	Retirement plan gift	Name us as beneficiary of the remainder of the assets after your lifetime; contact your employer or financial planner	Avoidance of heavily taxed gift to heirs, allowing less costly gifts
Avoid capital gains tax on the sale of a home or other real estate	Real estate gift	Donate the property to us, or sell it to us at a bargain price; see suggested language	Immediate income tax deduction and avoidance of capital gains tax
Give your personal residence or farm, but continue to live there	Retained life estate	Designate the ownership of your home to us, but retain occupancy; contact your attorney	Charitable income tax deduction and lifetime use of home
Secure a fixed and often increased income	Charitable remainder annuity trust	Create a charitable trust that pays you a set income annually; contact your financial planner	Immediate income tax deduction and fixed income for life
Create a hedge against inflation over the long term	Charitable remainder unitrust	Create a trust that pays a percentage of the trust's assets, valued annually; contact your financial planner	Immediate income tax deduction, annual income for life that has the potential to increase
Supplement income with fixed annual payments	Charitable gift annuity	Enter a contract with us, in which we'll pay you fixed payments annually; contact your financial planner	Current and future savings on income taxes; fixed payments for life
Reduce gift and estate taxes on assets passing to heirs	Charitable lead trust	Create a trust that pays a fixed or variable income to us for a set term, and then passes to heirs; contact your attorney or financial planner	Reduce size of taxable estate; keeps property in family, often with reduced gift taxes

Foundation Activities and Scholarships

IAR Foundation Scholarships
Joan Ballantyne Scholarship
O.G. Powell Scholarship
Hanson-Hertz Scholarship
Cecil Galvin Scholarship
Ray Osthus Scholarship
I.L. "Tommy" Tucker Scholarship

IAR Foundation Gifting Vehicles

Other Foundation Projects

John Petosa Scholarship

Printable Foundation Brochure
Printable Memorial Card

IAR Foundation Golf Invitational
Each year, the IAR Foundation hosts its annual Golf Invitational. REALTORS® from across the state come to participate in this annual event to raise money for real estate scholarship and internship programs, and all proceeds from the golf invitational are used for this purpose. More information...

University of Northern Iowa Real Estate Education Program
Created in 1989, the UNI Real Estate Program provides Iowans with a quality college real estate education program and is the only program in Iowa allowing students to earn a Bachelor's degree in real estate. Since its creation, enrollment continues to grow. The mission of the UNI program is to enhance the competence and professionalism within the real estate industry in Iowa, and to prepare UNI students for careers in real estate.

IAR Foundation Scholarships
The IAR Foundation funds a number of scholarships that vary in size. Applicants must be declared real estate majors at UNI, must have a GPA sufficient to graduate and need a letter of recommendation from a REALTOR® or real estate professional. Incoming community college students may also be eligible.

In addition, the IAR Foundation funds four scholarships named in honor of past and present IAR members who have demonstrated excellence in their field. Applicants must have a GPA of at least 3.0. Recipients of these special scholarships are awarded $1,000 per academic year.

Joan Ballantyne Scholarship
Joan Ballantyne served as the IAR's first female president in 1981. In 1988, she served as the national president of the Women's Council of REALTORS®. Preference for this scholarship is given to a female.

O.G. Powell Scholarship
O.G. Powell served as IAR president in 1951 and as president of the NATIONAL ASSOCIATION OF REALTORS® in 1961.

Hanson-Hertz Scholarship
Bert Hanson and Carl Hertz both served as presidents of the NATIONAL ASSOCIATION OF REALTORS® Land Institute in 1966 and 1980, respectively. Preference for this scholarship is given to students with an agricultural background or interests.

Cecil Galvin Scholarship
Cecil Galvin served as IAR president in 1967.

Ray Osthus Scholarship
Ray Osthus served as Foundation chairman from 1996-1999, IAR president in 1988-89 and president of the Real Estate Advisory Council from 1989-1992.

I.L. "Tommy" Tucker Scholarship
I.L. "Tommy" Tucker served as IAR president in 1968.

Incorporated under Iowa law, the tax exempt Foundation provides an excellent vehicle for REALTORS® and friends of the real estate industry, through tax deductible contributions, to support these worthy goals.

IAR Foundation Gifting Vehicles

Memorials - Memorial contributions to the Foundation are a most fitting way of honoring deceased members of the Iowa Association of REALTORS®, especially those members who were long standing in their support of REALTOR® ideals.

Gifts - Gifts to the Foundation may be made through a one-time contribution, or may be pledged and given over a period of several months or years. Gifts, trusts, and grants may also be designated for a specific purpose through the Foundation.

Wills & Bequests - Memorial contributions are a fitting way of remembering and honoring deceased IAR members. REALTORS® and other interested persons are encouraged to remember the Foundation when making wills, bequests or assigning insurance. Gifts, trusts and grants to the Foundation may be made through a one-time contribution or may be pledged and given over a period of several months or years. They may be designated for a specific purpose through the Foundation.

Other Foundation Projects

In addition to assisting the UNI real estate program, the Foundation supports disaster relief, community improvement projects and other worthy causes. The Foundation accepts donation requests from organizations which are working to build, rehabilitate, and access affordable housing for their communities. In the past, the Foundation has contributed to UNI research; Iowa Flood Relief; Habitat for Humanity; flood relief for REALTORS® in Georgia, North Dakota, Minnesota, Arkansas, Illinois, Kentucky and Ohio; and Opportunity Village.

John Petosa Association Executive Institute Scholarship
($1,000)
Named for John Petosa, the Des Moines Area Association of REALTORS® Executive Officer from 1970 to 1991, this scholarship is designed to help Association Executive Officers attend the NAR Association Executive Institute.

Scholarship Guidelines: Only paid staff of Iowa REALTOR® Boards are eligible and must show financial need. Completed applications must be received by the REALTOR® Foundation no later than September 1, for the following year's AE Institute. Applicants will be awarded the scholarship monies upon returning from the AE Institute and after submitting a Certificate of Completion, expense report and AE summary to the Foundation Board of Directors.