The Deepwater Project Fund
In September 2004 DEEP's Board of Directors created an endowment called The Deepwater Project Fund. With numerous special gifts, many received in honor of Burke O'Brien, we were initially able to dedicate $25,000 to a fund at the Adirondack Community Trust (www.generousAct.org). The Adirondack Community Trust is a community foundation which manages permanent funds for the benefit of non-profit organizations. Their work includes providing long-term support to strengthen the Adirondack region's communities and non-profits. In this way, DEEP's endowment will join other funds which enrich the region where our office is located.
As of the fall of 2007, our endowment fund has grown to over $50,000. We continue to build the Fund by reinvesting the excellent returns we've earned.