Purpose
The purpose of the NPMA Foundation is to provide a fund that will be available to National Property Management Association, Inc. members who have belonged to the Association for a period of 24 consecutive months, and are currently
actively employed or seeking active employment in Property Management or a related profession for:
- A refresher course on property management.
- Seminars and training in connection with present position.
- Other assistance to cover financial need for education or upgrading of skills that will lead to advancement.
This fund is maintained in order to make grants throughout the year to applicants who are able to show definite plans for using training and education to enhance their profession. You can learn more about the NPMA Foundation by reading
the NPMA Foundation Bylaws.
Application
Application for a grant shall be made on the required form and sent to the Administrator at
Foundation@npma.org. Applications must be received 60 days prior to the first day of the event (training or seminar) the member is applying for assistance to attend.
Applicants must submit proof of acceptance to or enrollment in the course(s) or seminar for which they seek funds, and to prove that a financial need exists. The screening committee is ineligible to receive Foundation grants.
Awards
The amount of individual member grants shall not exceed $1,300 in a two-year period. A period of two consecutive years from the date of the last award shall have elapsed before a member may re-apply. The total amount granted to a member
shall not exceed $2,600.00.
Selection Process
Coordination of the application review process shall be the responsibility of the Administrator. Upon receipt of an application, the Administrator shall notify the National Office by letter or email, and the National Office shall verify
in writing the applicant’s date of membership. Upon receiving membership verification, the Administrator will mail applications to the screening committee.
The screening and awarding of grants will be the responsibility of the Foundation committee, consisting of the Administrator, Assistant Administrator, Region Representatives (3) and the Executive Board members-at-large (2) appointed
by the President. The decisions of the committee are final.
Criteria for decisions in making awards:
- A need to upgrade present skills; and/or,
- A need to acquire a degree to keep current position or be eligible for a promotion; and/or
- A need to take a course to fulfill certification requirements; and,
- A financial need exists (the applicant does not have the finances or the employer is not contributing).
The Administrator shall notify the applicants of the application status no later than 30 days after the application deadline. The Administrator shall send notification of an award to the applicant and the National Office who will issue
the check.
Disbursement of Grants
The National Office shall disburse funds required for course registration and/or certification fees to the registering agency.
Airline ticket costs may be considered for advance reimbursement upon applicant’s submission to the National Office of ticket confirmation and payment.
The National Office will disburse all other reimbursable costs upon receipt of an acceptable expense report with original receipts (hotel, rental car, meals, etc.) Meals are reimbursed at actual cost, and will not exceed $65.00 per
day.
Financing
Assessments for funding shall not be made directly against any chapter or region. Funds shall be planned, managed, and executed by the Administrator, National Executive Director, and the Foundation Committee. Members can see the NPMA
Foundation's financial reports.
Voluntary contributions, memorials to deceased members, recognition of members or events, personal gifts, remembrances in wills, or fundraisers will be encouraged. Business, corporations and other foundations shall be actively solicited
for support.
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