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



Christopher Zacharias                                                Shane Lester                                   

Vice-President                                                               1079 Oquaga Lake Road

89 Wheeler St.                                                              Deposit, NY 13754

Deposit, NY 13754                                                       607-467-1008



Daniel Strauss                                                            John O’Connor

Treasurer                                                                     79 Pine Street           

5 Third Street                                                            Deposit, NY 13754

Deposit, NY 13754                                                     607-467-5516



Colleen O’Connor                                                Dale Van Pelt

Secretary                                                                1428 Airport Road

53 Main Street                                                      Deposit, NY 13754

Deposit, NY 13754                                                607-467-3585