The Real Estate Foundation of BC (REFBC) is a philanthropic organization working to advance sustainable, equitable, and socially just land use and real estate practices across BC. The REFBC fund projects, connects people, and shares knowledge.
How REFBC is funded: The money that REFBC grants is a benefit from real estate transactions. When a deposit is made on the purchase of a residential property in BC — and placed in a brokerage trust account at a bank or credit union — it earns interest. Financial institutions are required to remit this interest to REFBC.
What REFBC funds: REFBC makes grants to support not-for-profit projects that advance sustainability, equity, and social justice in relation to land use and real estate practices in BC. Their mandate is to support projects that involve law and policy reform, applied research, community engagement, and professional and public education.
Two Types of Grants:
General Grants can fund projects led by any non-profit organization or community-contribution company (C3) working on projects relating to land use or real estate in BC. In this case, non-profits include First Nations, charities and societies, non-governmental organizations (NGOs), universities and colleges, trade associations, and local and regional governments.
Real Estate Industry Grants can fund projects led by non-profits serving real estate professionals in BC. Learn more from REFBC.
Did You Know? The FVREB recently applied for and received a grant from REFBC to support a new podcast for members. Stay tuned for updates, coming soon.