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      <InCareOfNm>% MARK SINGERMAN</InCareOfNm>
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      <PersonNm>Sheila Hamilton</PersonNm>
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      <PrimaryExemptPurposeTxt>The Real Estate Investment Advisory Council REIAC was established as a nonprofit trade association to provide a forum for the exchange of ideas concerns and experiences among senior executives who conduct commercial real estate transactions. We are an exclusive national fellowship of top real estate executives that offers superior educational events networking opportunities and community service. Our institutional quality programs are presented in a social environment where our members can share experiences and knowledge with their peers. Our events encourage members to broaden horizons and develop personal relationships that further their success within the industry.</PrimaryExemptPurposeTxt>
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        <FormAndLineReferenceDesc>Part I, line 8</FormAndLineReferenceDesc>
        <ExplanationTxt>| Other Revenues:, Amount:| Event Registration Fees, $560|</ExplanationTxt>
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        <FormAndLineReferenceDesc>Part I, line 10</FormAndLineReferenceDesc>
        <ExplanationTxt>| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Scholarships, grantee, "Scholarships to Students", $4000.00, No Relationship| Donation, Junior Achievement, "636 W Southern Ave Tempe AZ 85282", $6000.00, None| Scholarships, Arizona State University, "1151 S Forest Ave Tempe AZ", $5000.00, None|</ExplanationTxt>
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