Realtor Fund hits goal early


The Greater Albuquerque Association of Realtors has reached the $1 million mark for the community endowment it created four years ahead of schedule and has now set a $2 million goal for the fund.

The association created The Realtor Fund in 2011 with the goal of raising $1 million by the association's 100 th anniversary in 2021. The idea was to create an endowment to " aid in creating adequate housing, building functioning cities, developing productive industries and preserving a healthful environment" in the metro area, according to a news release from the Albuquerque Community Foundation, which manages the fund for the association. The Realtor Fund is one of 400 funds that makes up the foundation's $90 million community endowment.

So far, the fund has distributed more than $200,000 to nine organizations. Recipients are chosen by a committee formed by the Realtors association.

" I am overwhelmed at the generosity of our community of Realtors and affiliates and their desire to help our community," Kris Cannaday, chair of the fund, said in the news release.

Cannaday's daughter, Morgan Cannaday, will take over the chair next year.