SRHA Empowerment Foundation

SRHA Empowerment Foundation (formerly SRHA Empowerment Fund) was established in October 2015.

The primary purposes of the SRHA Empowerment Foundation are as follows:

1. To provide scholarship or other financial and/or non-financial assistance, by loan, grant, or otherwise, for the benefit of pre-school, elementary school, middle school, junior high school, high school, preparatory school, college, or post-graduate students from or residing in the City of Suffolk, Virginia;
2. To acquire donated real estate and personal property, including legacies, cash, checking, savings, and investment accounts, by bequest, gift, or otherwise;
3. To provide educational and housing-related assistance services, including but not limited to scholarships, grants, transportation, and housing services;
4. To provide and/or otherwise assist in providing transportation to educational, medical, or other necessary resources to persons from or residing in Suffolk, Virginia; 2
5. To subsidize and assist children, teenagers, and young adults to participate in youth organizations or other similar and beneficial educational, athletic, counseling, and other activities in the City of Suffolk or elsewhere;
6. To invest, re-invest, and improve the quality of its assets;
7. To investigate and select persons that might be deserving of scholarship assistance in their pre-school, elementary, middle school, junior high school, high school, preparatory school, college, and/or post-graduate academic careers;
8. To provide, as appropriate, assistance by loans, grants, or otherwise, for small business start-ups; and
9. To undertake such further actions for persons from or residing in the City of Suffolk, Virginia, as may be deemed appropriate for enabling, preserving, and improving student/family successes and the quality of related education, housing, athletic, transportation, and/or counseling activities.

Section 1.3 - Powers

The Corporation is empowered to do the following:

1. To own and possess personal property, including stocks, bonds, cash and bank, checking, savings, brokerage, and other investment accounts in which to hold its assets;
2. To engage the services of one or more banks, brokerage houses, or financial advisors in order to invest and re-invest its assets;
3. To own, sell, assign, mortgage, or lease any interest in real estate and personal property, including vehicles, and to construct, maintain, manage, and operate improvements thereon necessary or incident to the accomplishment of the purposes set forth in these Articles;
4. To borrow money and issue evidence of indebtedness in furtherance of any or all of the 3 objects of the Corporation's business, and to secure the same by mortgage, pledge, or other lien on the Corporation's property;
5. To submit applications for loans and grants to carry out its purposes;
6. To provide scholarship or other financial and/or non-financial assistance, by loan, grant, or otherwise, to or for the benefit of pre-school, elementary school, middle school, junior high school, high school, preparatory school, college, or post-graduate students from or residing in the City of Suffolk, Virginia;
7. To provide educational and housing-related assistance services, including but not limited to scholarships, grants, housing, home repair and maintenance, and counseling;
8. To solicit financial contributions and support for its purposes, and to engage in fund-raising activities and campaigns; and
9. To do and perform all acts reasonably necessary to accomplish the above-stated purposes of the Corporation.