As part of an ongoing fundraising and awareness-building campaign, LaCrosse Global Fund Services joined forces with Habitat for Humanity – New York City to hold a second Hedge Funds for Habitat-NYC Build Day on Sept. 19 at Habitat-NYC’s affordable residential complex in Brooklyn.
LaCrosse worked with Habitat-NYC to bring together more than 30 volunteers from the alternative investment community, who provided “a hand up, not a hand out” to 41 hard-working, low-income New York City families. Volunteer builders donated their time and money to help in construction, and built alongside their peers and the families who are in the process of becoming first-time home owners. The tax-deductible donations generated for the Build Day will help cover construction costs and enable Habitat-NYC to complete the project by September 2009.
“I can think of no better way to maximize our return on investment in human capital than by joining with Habitat for Humanity – New York City to build affordable homes for families in need,” says Stuart Feffer, champion of Hedge Funds for Habitat-NYC and co-chief executive officer of LaCrosse Global Fund Services. “As the financial industry continues to experience its own set of challenges, it is essential to realize there are always those who need a ‘hand up’,” said Feffer.
“Our future homeowners join us in thanking the alternative investment community for giving both muscle and money in support of affordable homes,” says Josh Lockwood, executive director of Habitat-NYC. “Supporters of Hedge Funds for Habitat-NYC understand how important it is to invest in the human capital of our city by ensuring that all New Yorkers have decent and affordable homes.”
“This is very inspiring, knowing that you’re building a home – a haven – for someone,” says Jen Santanelli, who works in technology with Maverick Capital, was among the construction volunteers.
“This is for a good cause, and you get to see the results of your work at the end of the day,” says Barry Lippe, a financial investment analyst with N.I.R. Group, put his day job aside to hang drywall and install insulation.
Companies that participated in the build include LaCrosse Global Fund Services, Avenue Capital, Deloitte & Touche, Maverick Capital, N.I.R. Group, PW Partners and Wealth Management magazine.
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