2024-05-14T09:29:56-05:00 2023-12-31 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2023-01-01 200455984 NAREIT FOUNDATION NARE 2027399400 1875 I STREET NW 500 WASHINGTON DC 200065413 ROBERTO DIAZ EVP, FINANCE & FISCAL MGMT 2027399400 2024-05-13 1 ROBERTO DIAZ 999009999 0 MEREDITH BELL P01696827 8042822121 2024-05-01 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z STEVEN WECHSLER 1875 I STREET NW 500 WASHINGTON DC 200065413 958553 0 X N/A X 2003 DC MAKING GRANTS TO CHARITABLE, EDUCATIONAL, AND OTHER ORGANIZATIONS QUALIFIED AND RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; TAKING STEPS TO PROMOTE AND ADVANCE SOCIAL RESPONSIBILITY IN THE REAL ESTATE INVESTMENT TRUST INDUSTRY; AND SPONSORING EDUCATIONAL CONFERENCES OR PUBLISHING WRITTEN EDUCATIONAL MATERIAL DEALING WITH LEGAL, ACCOUNTING AND REGULATORY MATTERS CONCERNING REAL ESTATE INVESTMENT TRUSTS. 11 9 0 9 0 0 3015000 847624 0 0 8152 88305 0 0 3023152 935929 488548 897500 0 0 0 0 0 0 0 7780 3746 496328 901246 2526824 34683 2887761 2922444 0 0 2887761 2922444 X MAKING GRANTS TO CHARITABLE, EDUCATIONAL, AND OTHER ORGANIZATIONS QUALIFIED AND RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; TAKING STEPS TO PROMOTE AND ADVANCE SOCIAL RESPONSIBILITY IN THE REAL ESTATE INVESTMENT TRUST INDUSTRY; AND SPONSORING EDUCATIONAL CONFERENCES OR PUBLISHING WRITTEN EDUCATIONAL MATERIAL DEALING WITH LEGAL, ACCOUNTING AND REGULATORY MATTERS CONCERNING REAL ESTATE INVESTMENT TRUSTS. 0 0 897500 897500 PROVIDED CONTRIBUTIONS TO VARIOUS UNRELATED ORGANIZATIONS THAT HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS CHARITABLE WITHIN THE MEANING OF IRC SECTION 501(C)(3). 2775 SPONSORING EDUCATIONAL CONFERENCES. 900275 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 X THE ORGANIZATION 2027399400 1875 I STREET NW 500 WASHINGTON DC 200065413 X STEVEN WECHSLER PRESIDENT 1.00 39.00 X X 0 2685856 64796 CATHERINE BARRE TREASURER & SECRETARY 1.00 39.00 X X 0 781490 78419 SUMIT ROY CHAIR 0.00 1.00 X X 0 0 0 THOMAS A BARTLETT BOARD MEMBER 0.00 1.00 X 0 0 0 CONOR C FLYNN BOARD MEMBER 0.00 1.00 X 0 0 0 W MATTHEW KELLY BOARD MEMBER 0.00 1.00 X 0 0 0 MARGUERITE M NADER BOARD MEMBER 0.00 1.00 X 0 0 0 LISA PALMER BOARD MEMBER 0.00 1.00 X 0 0 0 JAMES F RISOLEO BOARD MEMBER 0.00 1.00 X 0 0 0 DONALD C WOOD BOARD MEMBER 0.00 1.00 X 0 0 0 MARK J PARRELL CHAIR 0.00 1.00 X X 0 0 0 THOMAS A BARTLETT BOARD MEMBER 0.00 1.00 X 0 0 0 CONOR C FLYNN BOARD MEMBER 0.00 1.00 X 0 0 0 W MATTHEW KELLY BOARD MEMBER 0.00 1.00 X 0 0 0 MARGUERITE M NADER BOARD MEMBER 0.00 1.00 X 0 0 0 LISA PALMER BOARD MEMBER 0.00 1.00 X 0 0 0 JAMES F RISOLEO BOARD MEMBER 0.00 1.00 X 0 0 0 SUMIT ROY BOARD MEMBER 0.00 1.00 X 0 0 0 DONALD C WOOD BOARD MEMBER 0.00 1.00 X 0 0 0 TONY EDWARDS FORMER TREASURER & SECRETARY 1.00 39.00 X 0 1053513 67260 0 4520859 210475 0 1 1 0 0 130000 717624 22624 847624 87850 87850 23079 22624 455 455 455 935929 0 0 88305 897500 897500 971 971 2775 2775 901246 900275 971 0 2887761 2922444 2887761 2922444 0 0 X 51603 153662 2836158 2768782 2887761 2922444 2887761 2922444 34683 0 X X 0 1 X 1 0 X X X 1 NAREIT 273586050 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B: DETERMINATION IS MADE ON A CONTINUAL BASIS THROUGH THE MONITORING OF THE SUPPORTED ORGANIZATION REVENUE AND INVESTMENT INCOME, IN ACCORDANCE WITH THE REQUIREMENTS OF THE SECTION 509(A)(2) PUBLIC SUPPORT TEST. PART IV, SECTION A, LINE 3C: THE NAREIT FOUNDATION DOES NOT PROVIDE DIRECT SUPPORT TO ITS SUPPORTED ORGANIZATION. RATHER, IT PURSUES CHARITABLE PURPOSES THAT FURTHER THE NAREIT FOUNDATION'S MISSION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 935929 0 935929 0 935929 901246 0 901246 0 901246 PART X, LINE 2: THE FOUNDATION HAS RECEIVED A DETERMINATION LETTER FROM THE IRS TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE CODE AND DID NOT HAVE UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. DUE TO ITS TAX-EXEMPT STATUS, THE FOUNDATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES, AND THE FOUNDATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023 AND 2022, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSETS) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 FAMILY PROMISE OF HAWAII 245 NORTH KUKUI STREET SUITE 101 HONOLULU HI 968173921 202645489 501(C)(3) 200000 0 CHARITABLE GRANT ARC OF MAUI COUNTY 140 NORTH MARKET STREET STE 202B WAILUKU HI 967931732 990109804 501(C)(3) 80000 0 CHARITABLE GRANT PAL KAUAI (NEIGHBORHOOD HOUSING COMMUNITY DEVELOPMENT) PO BOX 2197 KAPAA HI 967466197 832662028 501(C)(3) 75000 0 CHARITABLE GRANT ACCELERATE 500 INC DBA 1863 VENTURES 1100 15TH STREET NW 4TH FLOOR WASHINGTON DC 200051784 824059664 501(C)(3) 50000 0 CHARITABLE GRANT MANAGEMENT LEADERSHIP FOR TOMORROW 7200 WISCONSIN AVENUE SUITE 200 BETHESDA MD 208144894 521795164 501(C)(3) 50000 0 CHARITABLE GRANT NASDAQ ENTREPRENEURIAL CENTER INC 505 HOWARD STREET SUITE 100 SAN FRANCISCO CA 941053262 471253460 501(C)(3) 50000 0 CHARITABLE GRANT PARADIGM FOR PARITY INC 969 5TH AVENUE NEW YORK NY 100751793 852840852 501(C)(3) 50000 0 CHARITABLE GRANT PROJECT DESTINED 1623 S STREET NW WASHINGTON DC 200096408 813858986 501(C)(3) 50000 0 CHARITABLE GRANT ROBERT TOIGO FOUNDATION 555 12TH STREET SUITE 275 OAKLAND CA 946073700 133565420 501(C)(3) 50000 0 CHARITABLE GRANT USBC COMMUNITY ECONOMIC DEVELOPMENT CORPORATION 1001 CONNECTICUT AVENUE NW WASHINGTON DC 200365504 900899831 501(C)(3) 50000 0 CHARITABLE GRANT THE AHLA FOUNDATION 1250 I STREET NW SUITE 1100 WASHINGTON DC 200055904 136095316 501(C)(3) 42500 0 CHARITABLE GRANT WASHINGTON GRANTMAKERS (WRAG) PO BOX 45948 BALTIMORE MD 212975948 521756853 501(C)(3) 37500 0 CHARITABLE GRANT CONGRESSIONAL BLACK CAUCUS FOUNDATION 1720 MASSACHUSETTS AVENUE NW WASHINGTON DC 200361903 521160561 501(C)(3) 25000 0 2023 ALC PHOENIX AWARDS CONGRESSIONAL HISPANIC CAUCUS INSTITUTE 1128 16TH STREET NW WASHINGTON DC 200364802 521114225 501(C)(3) 25000 0 GENERAL PARTNERSHIP FORD'S THEATRE SOCIETY 514 10TH STREET NW WASHINGTON DC 200041407 526073157 501(C)(3) 25000 0 2023 BOARD OF GOVERNORS DIRECTOR'S CIRCLE MEMBERSHIP N STREET VILLAGE 1333 N STREET NW WASHINGTON DC 200053601 521007373 501(C)(3) 25000 0 PLEDGE FOR MARCH 2, 2023 GALA 16 0 PART I, LINE 2: THE FOUNDATION MONITORS THE USE OF FUNDS BY ANALYZING ON A MONTHLY BASIS WHAT EXPENSES THE FOUNDATION INCURS. 0 1 0 0 0 0 0 0 0 STEVEN WECHSLER PRESIDENT 0 1503522 0 1003858 0 178476 0 23150 0 41646 0 2750652 0 0 TONY EDWARDS FORMER TREASURER & SECRETARY 0 614729 0 377503 0 61281 0 23150 0 44110 0 1120773 0 0 CATHERINE BARRE TREASURER & SECRETARY 0 533297 0 244442 0 3751 0 23150 0 55269 0 859909 0 0 PART I, LINE 4B STEVEN WECHSLER, PRESIDENT, TONY EDWARDS, FORMER TREASURER & SECRETARY, AND CATHERINE BARRE, TREASURER & SECRETARY, ARE PARTICIPANTS IN THE NAREIT (A RELATED 501(C)(6) TRADE ASSOCIATION) SECTION 457(F) RETIREMENT PLAN. STEVEN WECHSLER AND TONY EDWARDS RECEIVED A DISTRIBUTION IN 2023, WHICH WAS REPORTED AS TAXABLE COMPENSATION. NAREIT ALSO SPONSORS A SUPPLEMENTAL EXECUTIVE DEFERRED COMPENSATION PLAN. THE CASH PAYOUTS DISTRIBUTED TO EACH PARTICIPANT IN 2023 ARE AS FOLLOWS: STEVEN WECHSLER: $236,753.77 TONY EDWARDS: $71,800.13 CATHERINE BARRE: $46,368.52 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO SEPARATE COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B NAREIT FOUNDATION'S PRESIDENT, TREASURER & SECRETARY, TOGETHER WITH NAREIT'S EVP, FINANCE & FISCAL MANAGEMENT, REVIEW THE FORM 990 IN CONJUNCTION WITH THE FOUNDATION'S PAID TAX PREPARER PRIOR TO FILING THE FORM 990. PRIOR TO FILING THE NAREIT FOUNDATION FORM 990 IT WAS PROVIDED TO THE NAREIT FOUNDATION CHAIR AND THE NAREIT CHAIR. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE GENERAL PUBLIC, BUT IF REQUESTS FOR COPIES OF THE DOCUMENTS WERE TO BE RECEIVED, THE ORGANIZATION WOULD CONSIDER MAKING THEM AVAILABLE TO THE REQUESTOR. FORM 990, PART VII * DENOTES BOARD MEMBERS WHO SERVED 11/1/2022-10/31/2023. ** DENOTES BOARD MEMBERS WHO SERVED 11/1/2023-10/31/2024. FORM 990, PART XII, LINE 2C THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS 1875 I STREET NW SUITE 500 WASHINGTON DC 200065413 273586050 TRADE ASSOCIATION DC 501(C)(6) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS C 130000 BOOK VALUE NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS P 1734 BOOK VALUE