- November 25, 2024
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Habitat for Humanity Flagler, Community Foundation and United Way of Volusia-Flagler Counties have partnered to create a new endowment fund to help support Habitat's mission.
Organization representatives announced the creation of the Flagler Habitat for Humanity Endowment Fund at the open house event Habitat held on March 12 at its Palm Coast Habitat Restore, a Habitat for Humanity press release said. A local philanthropist agreed to kickstart the fund by matching the first $50,000 in contributions
"We are incredibly excited about the creation of this endowment," said Lindsay Elliott, executive director at Habitat for Humanity. "This fund will enable us to expand our mission and provide the financial stability we need to support our efforts in this community."
This fund is designed to grow through community donations and investments, with the interest generated annually being used to fund the construction of new homes, repair projects and Habitat’s homeowner education programs, the press release said.
"We are proud to partner with Habitat for Humanity in their mission to create affordable housing opportunities for families in Flagler County," said Courtney Edgcomb president and CEO of Community Foundation and United Way of Volusia-Flagler Counties.
With the need for affordable housing even greater than ever, Flagler's Habitat Restore have also adapted their business models over recent years to better support the nonprofit's mission.
General Manager Paul Hunt said the last several years have caused a shift in the thrift store industry, especially since the COVID-19 pandemic. When people were sent to work at home, he said, they began to really look at the space they were and the need for high quality, gently-used furniture increased.
Because of the demand and the economic changes that have increased operational costs, Hunt said, the Habitat Restore business model had to adapt to continue support its nonprofit's missions.
"If we didn't [change], we couldn't build four or five houses a year," he said.
Those interested can visit bit.ly/CFHabitat to donate to the endowment fund.
