The Foundation The IRES Foundation is a not-for-profit corporation and educational trust pursuant to Section 501(c)(3) of the U.S. Internal Revenue Code. The Foundation's Board is comprised of volunteers from the insurance and related industries who are committed to fostering an effective insurance marketplace through education, dialogue and outreach. The Mission The Foundation's mission is to promote professionalism and education in the insurance regulatory community and to educate the private sector about state insurance regulation. The Work The Foundation carries out its mission by funding educational and training programs through grants to qualifying organizations.