A healthy market apparently led to more charitable acts in 2021. According to the National Association of Realtors, official association giving increased by more than 20 percent in 2021.
NAR’s new CARE Report found that the median donation by Realtor associations was $12,070 last year, compared to $10,000 in 2020 and $5,000 in 2018. Two out of three members at large volunteered monthly, spending an average of eight hours volunteering each month.
While the gross giving may be up, 79 percent of realtors made charitable donations last year, down slightly from 82 percent in 2020.
“Realtors are deeply involved in their communities and this report shines a light on the great volunteer efforts by NAR members,” said NAR President Leslie Rouda Smith. “It is inspiring to see Realtor associations across the country continue to boost local charitable efforts, and I’m proud to be part of such a compassionate and caring group.”
Among broker-owners, 77 percent volunteered their time each month, a small decline from 79 percent in 2020. The typical amount donated annually by all broker-owners increased this year to $2,300—up from $1,800 in 2020—and $3,000 among only those who donated annually—compared to $2,000 in 2020.