DALLAS ENDOWMENT for ENDANGERED PROPERTIES January 18, 2016 Spurred by the desire to respond to the rash of properties in preservation controversy in Dallas and a perceived need to formulate an approach to obtain better outcomes, our investigation of respected successful efforts in other cities has led us to believe that a very valuable additional avenue for advancing Dallas’ preservation is to form an endowment with the specific purpose of acquiring, controlling and mitigating damage to properties identified as historically valuable and economically viable for reuse. The Dallas Endowment for Endangered Properties (DEEP) was recently chartered to create a revolving fund able to purchase at-risk properties, receive estate donations for deed restricted resale, and, in the future, initiate and support infill and development projects in vulnerable inner city neighborhoods with existing single family housing. We believe this trajectory and mission has the highest probability of positioning preservation goals ahead of crises such as the Lakewood Theatre, the 4901 Live Oak mansion, the precarious Forest Theater, as well as opportunities to provide gap funding for places such as the Aldredge house, and many, many projects that we can identify as worthy before crisis jeopardizes an outcome favoring preservation. We anticipate our work will complement the advocacy, education, and indispensable preservation programs and networking Preservation Dallas tirelessly supports. We look forward to working with you to provide another avenue for historic preservation success in Dallas. At this time, we are awaiting official 501(c)(3) tax exemption. Nonetheless, we have established a DEEP revolving fund account at Veritex Bank in Lakewood at 2101 Abrams Road where donations may be made without the privilege of tax exemption at this time. Sincerely, Lisa Marie Gala Founder & Chair Dallas Endowment for Endangered Properties, Inc. endowdeep@gmail.com (972) 989-3779 cc: Virginia McAlester, Founder Jim Rogers, Founder Neil Emmons, Founder