The Colleton County Endangered Properties Fund was established by The Palmetto Trust for Historic Preservation as a revolving preservation fund to identify, purchase, stabilize, maintain, market and/or sell historic properties in Colleton County. The fund, which is the first local county fund Palmetto Trust has established, is designed to create incentives for local communities to participate in local preservation initiatives.
The Palmetto Trust for Historic Preservation, a statewide organization, has successfully saved dozens of irreplaceable historic structures all over the state through its statewide endangered places fund. While this fund is solely for preservation of Colleton County historic properties, like other Palmetto Trust initiatives, expenditures from the fund will be returned to the fund upon the sale or lease of the piece of property for which the expenditures were made. A condition of the Colleton County Endangered Properties Fund is that Palmetto Trust must retain a preservation easement on any property the fund preserves.
"For 25 years, Palmetto Trust has helped to deliver to local communities a statewide perspective with statewide solutions," said Michael Bedenbaugh, executive director of Palmetto Trust. "We are excited to now help develop local solutions that could educate a statewide audience. Colleton County has wonderful historic places that could certainly benefit from preservation."
The Colleton County Endangered Properties Fund has established a real estate committee of local residents who have a deep understanding of Colleton County history, historic preservation issues, local real estate matters and a dedication to preserving the county's historic structures.
"The challenge of funding this new and innovative endeavor will fall on all of us who care about preserving our historic heritage that forms the foundation of our sustainable economic development and quality growth," said Ms. Burtt.
Procedures for Colleton County Endangered Properties project selection:
- Priority is given to threatened properties in Colleton County that cannot be saved by the for-profit, private or public sectors.
- Saving historic properties is the fund's top priority, but other at-risk resources, such as historic landscapes, can be eligible.
- The local real estate committee will first determine a property's status, risks, and priority, then make recommendations to the Palmetto Trust Board of Directors.
Criteria considered for Colleton County Endangered Properties project selection:
- Architectural and historical significance of the property.
- Current condition and estimated stabilization cost for the property.
- Possible threats to the property.
- Appropriateness of any proposed use and rehabilitation work.
- Geographic location.
- Amount of staff time needed to manage the project.
- Length of time fund monies will be tied up.
- Maximum investment per project.
- Likelihood of finding an appropriate buyer.
The fund is held locally at the Bank of Walterboro and donations to the fund can be mailed to:
If you have any interest in:
- Helping us with information on an endangered historic house you have concerns about in Walterboro or around Colleton County
- Donation of an easement to protect your historic home
- Donation of a historic property
The Palmetto Trust for Historic Preservation is a 501(c)(3) non-profit organization, Fed ID # 57-0913191.
Your Generous contribution to the Colleton County Endangered Properties Fund are tax deductible to the full extent of the law