DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: DEEP Fund Gets Nonprofit Status; Donations to Preserve Historic Architecture Are Tax Deductible
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > DEEP Fund Gets Nonprofit Status; Donations to Preserve Historic Architecture Are Tax Deductible

DEEP Fund Gets Nonprofit Status; Donations to Preserve Historic Architecture Are Tax Deductible

2 Min Read
SHARE
4109-Live-Oak
The DEEP Fund hopes to raise enough to preserve at-risk properties, such as this stately manor at 4109 Live Oak that was demolished last year.

Good news for preservationists Lisa Marie Gala, Virginia McAlester, and Jim Rogers, as the IRS has granted the Dallas Endowment for Endangered Properties (DEEP) with tax exempt status under Section 501 (c)(3) of the U.S. Internal Revenue Code.

“May is National Historic Preservation Month and The National Historic Preservation Act’s 50th birthday in 2016, so opening our determination letter just a few days ago was perfectly timed and exhilarating,” said Gala. “DEEP’s revolving fund concept is straightforward: We will receive or buy, own, restore, deed restrict, and sell endangered properties. We will develop the properties with partners who are outstanding stewards. Most importantly, we will raise money for our revolving fund to execute our mission. This is new century preservation.”

Jump for more!

Dallas Endowment for Endangered Properties, Inc. is proud to announce it is now officially a public charity with tax-exempt status under Section 501(c)(3) of the United States Internal Revenue Code. Contributions donated to DEEP are fully tax-deductible retroactive to the founding of the organization on November 14, 2015. Gifts to support DEEP’s revolving fund are now 100% tax deductible. Receiving this positive determination from the IRS opens many doors for DEEP to expand fundraising activities and fully realize our goal to protect more historic properties that are at risk of further neglect or demolition.

Preservationists Lisa Marie Gala, Virginia McAlester, Jim Rogers, and our beloved Neil Emmons formed Dallas Endowment for Endangered Properties, Inc. (DEEP) is a 501(c)(3) non-profit corporation whose objective is to acquire, control, and mitigate damage to historic properties identified as valuable and economically viable for reuse.

DEEP maintains its revolving fund account where donations of any size can be made:

Veritex Community Bank
Lakewood Branch
2101 Abrams Road
Dallas, Texas 75214

Personal Banker: Amanda Surratt
(214) 269 – 2115

Tickets are Selling Out FAST for the Park Cities Historic & Preservation Society Luncheon
Dallas City Council Looks to Take a Time Out on Demolitions After Traumatic Teardowns in September
You Can Own One of The Most Important Hutsell Homes in Lakewood
Tired of Teardowns, Preservationists Form Fund to Buy Up Historic Properties at Risk
Historic Preservation in Dallas Takes Another Hit as Exchange Park is Razed
TAGGED:Dallas History
Share This Article
Facebook Email Copy Link Print
Previous Article Exquisite Mediterranean Villa on Strait Lane Boasts the Ross Perots (and More!) Next Door
Next Article Dallas Tops State for Rent Prices, Increasing More Than State, National Averages
Popular News
Architecture

Dallas AIA Student Designs Show Inspiration of Future Architects of Distinction

Pet-Friendly Developer Opens 230-Home Community in Fort Worth
Two Companies to Invest $49.4 Million in Denton, Create 222 New Jobs
Mental Strength Is a Skill And Here Are 13 Tips To Build It
Real Estate For Your Sweet Tooth: 2021 Gingerbread Stroll Kicks Off Nov. 19
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission

Categories

  • Wednesday WTF
  • East Dallas
  • Monday Morning Millionaire
  • Upon Closer Inspection

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?