WASHINGTON, D.C. (Nov. 14, 2023) – The Nareit Foundation announced nine non-profit organizations that will receive inaugural grants from its Dividends Through Diversity, Equity & Inclusion (DDEI) Giving Campaign. The announcement was made during Nareit’s REITworld: 2023 Annual Conference.
The Nareit Foundation held a competitive application process, and after extensive review, the Nareit Foundation board approved the nine non-profit organizations each with a national reach to receive the grants.
Grantees Support Diverse Individuals and Businesses
These organizations have active projects reaching diverse individuals and businesses in the areas of talent development, capacity building, and entrepreneurial support. The Nareit Foundation DDEI grantees are:
“The work that these nine organizations do is critical and will help the REIT industry continue to make tangible progress on improving diversity, equity, and inclusion across our workplaces, businesses, and communities,” said Nareit President & CEO Steven A. Wechsler. “Together, DDEI donors and our grant recipients are paving the way for the next generation of diverse REIT executives, employees, tenants, investors, and suppliers.”
“Through these types of partnerships, we will be able to directly connect the mission of our foundation and commitment of our industry leaders, to the communities in which REITs operate every day,” said Nareit SVP of Social Responsibility & Global Affairs Ayris T. Scales. “Our collective approach to help close systemic gaps has not wavered, and I am thrilled to see our vision of what we could achieve, start to become a reality.”
Throughout 2024, Nareit will share the stories, programs, and progress of the DDEI grant recipients on REIT.com.
DDEI Giving Campaign Supported by More Than 40 REITs
The Nareit Foundation DDEI Giving Campaign was launched in 2022 under the leadership of Nareit’s DDEI CEO Council Philanthropy Committee, chaired by Thomas A. Bartlett, CEO of American Tower Corporation. The campaign was supported by Nareit and more than 40 Nareit member REITs or their philanthropic organizations. Lead founding donors for the campaign included American Tower Corporation and Prologis, Inc.