The Real Estate Foundation launches its grants program. Twenty years later, the Foundation has approved over $48 million to non-profit organizations in 122 communities throughout BC
The Foundation approves a grant to West Coast Environmental Law to draft legislation on conservation covenants. This leads to a 1993 legislative change, which allows covenants to be placed on land to protect ecological values. Since then the Foundation has been a strong supporter of environmental stewardship and conservation projects in BC. (Photo: Sheila Harrington)
The Foundation's first capital housing grant goes to the Society of Hope in Kelowna. A significant part of the grants program, non-profit housing projects in BC received $15 million from 1988-2007.
(Photo: Hope House)
UBC's James Taylor Chair in Landscape & Liveable Environments undertakes the "Surrey charrette", the first of many sustainable urban design and planning initiatives supported by the Foundation.
The Foundation approves its 15th endowment grant. As of December 31, 2007, total endowments reach $6.7 million. SFU City Program, UBC Real Estate Division, and Douglas College Institute of Urban Ecology are a few of several programs to benefit from endowment funding.
(Photo: Gordon Price)
- Establish new mission statement with a renewed focus on the sustainable use and conservation of land
- Launch Communities in Transition program
- Create Vancity/Real Estate Foundation Green Building Grant Program with partner, Vancity Credit Union
- Support first BC Land Summit
The Foundation approves the highest annual grant amount in its history: $6.5 million (13% of all grants approved in 20 years). Continued emphasis on housing, sustainability, and education for real estate practitioners means ongoing demand for Foundation funds.
The Real Estate Foundation marks 20 years of grant making. The Board begins the year by approving $2.2 million in grants. We look forward to ongoing support of and collaboration with many innovative BC organizations.
The interactive timeline above was produced for the Foundation's 20th anniversary of grant making in 2008.
In 1985 the British Columbia real estate industry, in cooperation with the provincial government, enacted legislation that established the Real Estate Foundation. Under the Real Estate Services Act, the Foundation receives interest from pooled or "unassigned" trust deposits held by real estate brokerages and uses the funds to support real estate related education, research, law reform, and other real estate related activities intended for the public or professional good.
The Foundation launched its grants program in 1988 and has approved over $63 million in grants to date.
While there are parallel foundations across Canada in the legal field, the Real Estate Foundation of British Columbia and the Alberta Real Estate Foundation are the only two foundations of their kind in the country.