Appraisal Institute Education and Relief Foundation

“The members of the appraisal institute education and relief foundation are comprised of the voting members of the appraisal institue board of directors.”

“The president of the appraisal institute shall nominate directors for those director positions whose terms expire at the end of that year. If a vacancy for whatever reason occurs, the president of the appraisal institute shall nominate a successor for election by the members at the next regularly scheduled or special meeting of the members of aierf. A director to fill a vacancy shall be elected for the unexpired term of his or her predecessor in office.”

“Changes to the bylaws are subject to the approval of the appraisal institute board of directors.”

“Once a draft has been completed, the 990 is distributed to all directors of the organization. The directors are then given a period of time to review the 990 draft and respond with questions, concerns, or comments. At the end of the review period, including any time needed to address questions and comments, the 990 is finalized and filed with the irs.”

“All directors receive and must review the conflict of interest policy annually. They provide written confirmation of reviewing and abiding by the conflict of interest policy upon signing the board code of conduct policy. This document also provides a section for disclosure of any potential conflicts. The chair is responsible for logging and monitoring any potential conflicts and confirming that all directors have completed the board code of conduct policy.”

“The organization does not have any employees.”

“Governing documents, policies, and financial statements of the appraisal institute education and relief foundation are available to the public upon request at the office of the appraisal institute education and relief foundation.”

“The aierf is organized for charitable, literary, educational and scientific purposes. In furtherance of these purposes, but always limited by the foregoing general purposes, aierf shall have the power to: (1) receive, administer and disburse funds for the purpose of improving, advancing, researching and teaching the techniques of real estate appraisal, with benefits to be made available to the interested public; (2) provide emergency financial assistance (i) to designated members, candidates, practicing affiliates, affiliates, employees (and their dependents) of the appraisal institute, an illinois not for profit corporation organized under the code, and (ii) to individuals who have made meaningful contributions to the real estate profession (collectively, "recipients"), who have experienced a disaster or emergency that has left the recipients in a state of financial, physical, or emotional distress; (3) promote and conduct research and study into all aspects of real estate appraisal, with findings and conclusions to be made available to the interested public; (4) foster the establishment of educational standards for real estate appraisals; (5) maintain a library and encourage and cause the writing and publication of treatises, books and pamphlets relating to real estate appraisal, which are to be made available to the interested public; (6) encourage and interest educational and other organizations in improving, advancing and teaching real estate appraisal; (7) provide scholarships and grants to qualified persons for education in or work in the field of real estate appraisal; and (8) engage in similar activities in furtherance of the purposes stated above.”

“The organization's board of trustees assumes responsibility for oversight of the audit of its financial statements. Proposals are requested as determined necessary, and are then reviewed and approved by governance.”