In the 1970's, women in real estate were few and far between. A handful of those women, seeing a clear need for women real estate professionals to meet, network and provide career support for each other, founded the Association of Real Estate Women (AREW) in 1978.

AREW's Founders' Award honors the spirit and vision of these pioneers. Introduced in 1994 by then AREW president Faith Hope Consolo, the Award is bestowed annually upon an AREW member who personifies excellence in representing AREW and for consistently and tirelessly supporting the organization's mission and goals.

2010-11 AREW president Debra Cole (L), Perkins + Will, presented the association’s highest honor, its Founders’ Award, to Jennifer McCool (M) of Related Companies, at AREW’s Members Only Luncheon held at the Harmonie Club. Jennifer is a past president and was the chair of the AREW 30th anniversary gala. The Founders’ Award was established by Faith Hope Consolo (R), Prudential Douglas Elliman Retail Group, during her term as AREW president.