Because the need for safe, decent, affordable housing will always persist, Habitat for Humanity of South Hampton Roads is working to secure its financial future to meet the long-term affordable housing and critical home repair needs of the South Hampton Roads community.
We have worked for the past few years to build our sustainability. For example, in 2020 we created a Land Acquisition Fund to ensure that funds are available to purchase land as soon as it becomes available. That funding is then replenished once the home is sold, creating a continuous cycle of future land acquisition funds.
In February 2022, Habitat SHR established an endowment-like fund, managed by Merrill Lynch, to ensure the long-term financial sustainability of the organization. The goal of the Habitat SHR Fund is to raise and maintain a sufficient principle in a conservatively invested fund. The dividends from the fund will grow and initially cover one-third of Habitat SHR operational needs.
The fund corpus will be preserved, thus creating a long-term, source of dividends that will sustain 100% of Habitat SHR operations. In so doing, more of every dollar donated will go directly to the mission.
Statistics show that homeownership is a key step in Breaking the Cycle of Generational Poverty. Habitat homeownership provides the means and a pathway for multiple generations of that initial family to achieve financial stability and the ability to build wealth.
Critical Home Repairs allows income-challenged senior, disabled and/or Veterans to remain in their homes under warm, safe, and dry conditions.
Your gift will allow Habitat SHR to provide sustainability for future generations to have access to affordable housing solutions in the South Hampton Roads Community.
How You Can Help:
ACH Bank Transfers:
or checks can be mailed to:
Habitat for Humanity of South Hampton Roads
900 Tidewater Drive
Norfolk, VA 23504
Securities, Retirement Plans, IRAs, and Required Minimum Distributions
Consider designating Habitat SHR as the recipient of funds donated through gifts of stock, mutual funds, or through an Individual Retirement Account (IRA).
Click here to download IRA and Stock Donation Details.
Bequests and Wills
Consider adding Habitat SHR as a beneficiary in your will. You may be able to add a simple codicil
for a charitable bequest to an existing will.
Here is some common bequest language for you to use:
I bequeath ______________(describe dollar amount, property to be given, or proportion of your estate) to Habitat of South Hampton Roads (EIN# 54-1476409), a tax-exempt organization under IRC Section 501(c) 3, for its general charitable purposes.
Gifts of Beneficiary Designations
Naming Habitat SHR as the beneficiary of your retirement plan assets, insurance plan, or savings
account is the simplest way to make a planned gift to Habitat SHR. These gifts avoid the double taxation your heirs would face if you left these assets to them. In addition, you can easily change your plans if your life circumstances change.
When you complete your beneficiary designation form, just name Habitat SHR as full or partial beneficiary and provide our tax ID number (EIN# 54-1476409),
Should you have questions on how to designate Habitat SHR in your bequest and will or would like
to notify us of your intentions, please contact: