For Immediate Release:
February 21, 2007

NJAR^® EDUCATIONAL FOUNDATION TO AWARD $46,750 IN SCHOLARSHIPS

EDISON, N.J. - The New Jersey Association of REALTORS^® Educational Foundation (NJAREF) is currently seeking applicants for 32 scholarships totaling more than $46,750. NJAREF is a non-profit organization that was established in 1969 to foster education, promote knowledge, conduct research, and assist in the education of students pursuing a college or university degree.

This year's scholarships range from $1,000 to $2,500 and are available to high school seniors who will be attending an undergraduate four-year institution, students currently enrolled in undergraduate four-year institutions and students pursuing graduate studies in real estate or allied fields.

"Each year, these scholarships enable a number of students to further their education in order to foster their future careers," said NJAREF President Christine Caggiano. "We encourage students at all levels and interests to apply, whether you're a college undergrad or have decided to continue your education. The great thing about these scholarships is that they are available for a wide range of applicants."

Criteria for selection include academic achievements, financial needs, interest in real estate endeavors, and contribution to family, school and community. Applicants must reside in New Jersey and be a member or relative of a member of the New Jersey Association of REALTORS^® (NJAR^®). The eligibility for the William J. Carlton, Jr. award is limited to a child of a member of NJAR^® who resides in Mercer, Middlesex or Somerset counties. There will be no limitations as to location of college attended provided an applicant is a resident of New Jersey.

The deadline for applications is 5:00 p.m., Monday, April 9, 2007. Applications and guidelines are available through all local boards/associations of REALTORS^® and NJAR^®'s website at http://www.njar.com/edfoundapp2007.pdf.

In 1969, the Foundation received its first major gift of $10,000, followed by other large donations "in memoriam" throughout the years. Today, the scholarship program is supported by NJAR^® members and by the local boards/associations of REALTORS^®.

Following is a complete list of scholarships. The number of awards is indicated between parentheses.

$2,500 Awards
(1) Sponsored by the Monmouth County Association of REALTORS^® in memory of Richard Hendrickson

$2,000 Awards
(2) Nancy Reynolds Memorial Awards
(1) Sponsored by the Greater Union County Association of REALTORS^®
(1) Nutter/Schwartz Award sponsored by the Burlington Camden County Association of REALTORS^®

$1,500 Awards
(1) Atlantic City & County Board of REALTORS^® Award
(1) Cape May Association of REALTORS^®, Inc. Award in memory of Ruth McCormick
(1) Hunterdon/Somerset Association of REALTORS^® Award in honor of Claudia Pascale
(1) Hunterdon/Somerset Association of REALTORS^® Award in honor of Frank Freehauf
(1) Mercer County Association of REALTORS^® Award in memory of Jerry Lancaster
(1) Dean A. Gallo Memorial Award sponsored by the North Central Jersey Association of REALTORS^®
(1) Sponsored by the Ocean County Board of REALTORS^® in honor of Gertrude Stefanik
(1) Jay P. Okun Foundation, Inc. Award
(1) RealSource Association of REALTORS^® Award in memory of Susan Charllis
(1) Eastern Bergen County Board of REALTORS^® Award
(1) Sponsored by the Stefanik Foundation in memory of Gertrude Stefanik
(2) Sponsored by the New Jersey Association of REALTORS^® Educational Foundation

$1,250 Awards
(8) Sponsored by the New Jersey Association of REALTORS^® Educational Foundation
(2) Sponsored by the New Jersey MLS
(1) Sponsored by the New Jersey Chapter Certified Residential Specialists

$1,000 Awards
(1) William J. Carlton Memorial Award
(1) Sponsored by The Citta Foundation in memory of Gertrude Stefanik
(1) Sponsored by the West Essex Board of REALTORS^®

###

 Subscribe to Press Releases

For all media inquiries contact:
Danielle Alpert
Media & Public Affairs Coordinator
Phone: (732) 494-4730
Fax: (732) 494-4723
E-mail: dalpert@njar.com