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How Does This Benevolent Fund Work

[ 0 ] July 1, 2010 | admin

FOR PAT’S SAKE

HOW IT HELPS REALTORS®

  • A Realtor®, a member of a Realtor’s immediate family or Realtor’s staff person, or someone on their behalf, using a standard application form applies for aid based on lack of funds caused by a catastrophic event, illness, or accident.

All sources of assistance should have been explored and exhausted.  The situation is desperate.

  • The application is received by NAR.  Statements and claims are verified.  It is passed to the Board of the Foundation, or a grants committee of the Board, for review for a decision.

Will the award be made?

In what amount?  The documents dictate an upper limit for awards relating to an individual in a calendar year.

The time of turnaround to approval must be very, very short.

  • The award check will be payable to a vendor, not the individual, as the award will cover a specific, individual, personal expense.

Expense examples:  medicine, doctors, hospitals, lenders, funeral expenses, caregivers, rehabilitation facilities, insurance premiums to prevent lapse.

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Category: Community, Foundation News

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