College Scholarships from AAR

In the past Arizona Association of REALTORS® (AAR) operated its educational charity work through the association’s Arizona Real Estate Educational Foundation, a 501 (c) (3) subsidiary. However, the Foundation was dissolved in 1990 as it had completed its work as envisioned when it was formed in the late 1960’s. It was time for new educational investments.

During its years of operation, the Foundation was instrumental in helping to form the Real Estate Center in the Arizona State University’s (ASU) School of Business and a professorship was funded by the Association through the Foundation. Upon the dissolution of the Foundation and upon the death of AAR past President, Ed Thirkhill, a memorial scholarship endowment was established at ASU. As well, the Les Arie Scholarship Award endowment was established through the Arizona Community College Board to be used in Maricopa County. In 2003, the Board was sunset by the state of Arizona and the administration of the Les Arie Memorial Scholarship was then moved to the Maricopa Community Colleges Foundation.

With remaining foundation funds, AAR also established scholarships at four Community Colleges outside Maricopa County. The scholarship criteria established by the Foundation requires the recipient: be a full time student for the semester in which the scholarship is awarded; have a GPA of at least 2.5 during the required 15 previous semester hours; be an Arizona resident, and must provide AAR with recipient’s biographical data. The amount of the scholarship and method of selection is left at the discretion of the institution. The scholarships were established at:

  • Mohave Community College, Kingman, AZ
  • Pima Community College, Tucson, AZ
  • Yavapai College, Prescott, AZ
  • Northland Pioneer College, Holbrook, AZ

The following is an update on the activity and status of the scholarship programs established by the Arizona Association of REALTORS®:

Ed Thirkhill Memorial Endowment, Arizona State University

There have been 30 scholarships awarded since its inception.

Arizona Real Estate Professorship Endowment, Arizona State University

Endowment is used to assist funding the director position at the School of Business’ Real Estate Center.

Les Arie Memorial Scholarship Endowment, Maricopa Community Colleges Foundation

There have been 23 scholarships awarded.

Mohave Community College, Kingman

There have been 19 scholarships awarded since its inception.

Pima Community College, Tucson

There have been 18 scholarship awards.

Yavapai College, Prescott

Twenty three scholarships have been awarded since its inception.

Northland Pioneer College, Holbrook

There have been 19 scholarships awarded since its inception.

 

Since 1989 we have awarded 132 scholarships with 32 of the 132 recipients serving as licensed real estate agents in Arizona.* For more information on applying for one of our scholarships, please contact the financial aid offices at the colleges listed above.

 

*As of May 2014

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