METRO NEW JERSEY CHAPTER OF THE APPRAISAL INSTITUTE
MAX NEUBERGER MEMORIAL EDUCATIONAL FUND

ABOUT THE EDUCATIONAL FUND

The Metro NJ Chapter (Chapter #1 of the AIREA) Board of Directors established the Max Neuberger Memorial Scholarship Fund 20 years ago.  Max Neuberger, MAI, a former Chapter President, National Vice President, and tireless supporter of the Appraisal Institute was an advocate for education and a leader and mentor for the early-designated members of NJ Chapter #1.

The Board of Directors established this fund in honor of Max Neuberger to offer scholarships for chapter members and their families who meet the education and financial criteria. The trustees of the Educational Trust fund consist of the 5 immediate past presidents of the Metro New Jersey Chapter. Throughout the years and today, the Trust Fund has remained intact and it is the desire of the Trustees, as well as the Board of Directors of the Metro NJ Chapter, to continue the tradition.

The establishment of the Fund stated “there shall be no limitation upon the type of project for which the money can be used as long as it is within the general parameters of education and/or appraisal research, subject solely to the discretion of the Trustees.”

At this time, the Trustees of the Fund wish to establish scholarships, which will assist students in meeting the costs of higher education at both the undergraduate and graduate levels.

ELIGIBILITY

Those considering a career in Real Estate, as evidenced by a major in Real Estate or allied fields, will be given special consideration, in accordance with the purposes of the Trust.

While it is intended that the primary recipients of the funds be residents of New Jersey, there is no restriction as to residency. It is anticipated that applicants will be members or associates of the Appraisal Institute, its staff or their relatives. Those eligible for the Scholarship Program may be High School Seniors who will be attending an undergraduate four-year institution, students currently enrolled in undergraduate four-year institutions and students pursuing graduate studies in Real Estate or allied fields. There will be no limitations as to location of college attended.

All decisions as to whether or not an applicant qualifies will be at the discretion of the Trustees.