D.E.E.P. -- Deposit Educational Endowment Program – is a not-for-profit corporation with 501(c)(3)
status formed in 1985 for the sole purpose of granting scholarships to graduating students of the
Deposit Central School District (New York).
D.E.E.P. is funded solely by tax-deductible contributions
from individuals, organizations, and charitable foundations. The operating organization of D.E.E.P.
is a volunteer Board of Directors composed of community members, professionals and retired people.
Each of these individuals has an interest in making higher learning affordable for the graduating
students of the Deposit Central School District.
There are two types of Scholarships, all of which exist in the name of people or an organization.
A one year Scholarship has at least five thousand dollar investment and a two year scholarship has
at least ten thousand dollar investment.
All donations of whatever amount are invested and the annual scholarship amount is determined by
an amount earned by the investment divided by the number of scholarships. The amount for 2014
graduates will be about the same as 2013, $300.
The winners of the two year scholarships have to show they are enrolled in college for the second
year to receive the second check.
All investments are of low risk to avoid market fluctuations.
The named scholarships can be built up over a period of time and many have a short criteria for the
choice of student award.
**********************************************************
2013 Scholarship Winners
As of February 2012
D.E.E.P. Board of Directors:
Mark MacCrabie Richard Axtell
President 1 River Street
103 Iris Drive Deposit, NY 13754
Binghamton, NY 13905 607-467-2353
607-722-4307
Christopher Zacharias Shane Lester
Vice-President 1079 Oquaga Lake Road
89 Wheeler St. Deposit, NY 13754
Deposit, NY 13754 607-467-1008
607-759-4087
Daniel Strauss John O’Connor
Treasurer 79 Pine Street
5 Third Street Deposit, NY 13754
Deposit, NY 13754 607-467-5516
607-467-5710
Colleen O’Connor Dale Van Pelt
Secretary 1428 Airport Road
53 Main Street Deposit, NY 13754
Deposit, NY 13754 607-467-3585
607-467-1180
