DALLAS (April 14, 2022) – Ryan, a leading global tax services and software provider, recently partnered with Southwest Transplant Alliance (STA), a nonprofit organ and tissue procurement organization, securing $9.2 million in New Markets Tax Credit (NMTC) allocation.
In September 2020, STA opened its corporate headquarters and state-of-the-art, in-house recovery center in Dallas. The first of its kind in the southern U.S., STA’s Legacy Center is transforming organ and tissue transplantation through innovative technologies and a holistic approach to donor and donor family care. At 77,000 square feet, The Legacy Center enables STA to recover organs and tissues for lifesaving transplants, spearhead advanced transplantation research, train organ and tissue recovery professionals, and educate communities about its mission.
Construction of The Legacy Center was completed in 2020, but additional capital will support the organization’s ongoing facility needs and fully outfit an additional surgical suite for organ and tissue recovery. This $9.2 million NMTC allocation will be utilized for capital improvements, including technology and equipment that will help the organization save more lives.
“We are grateful to Ryan for their partnership in the New Markets Tax Credit process and to CityScape Capital Group and Pacesetter CDE for this generous contribution to Southwest Transplant Alliance,” STA President Brad Adams said. “At STA, our mission is to serve families throughout our community and save as many lives as possible with a constant commitment to innovation and creativity. With these partners and this new financing option, we’re able to further equip The Legacy Center to save and improve the lives of our community for years to come. Without the NMTC allocation from CityScape Capital Group and Pacesetter CDE, STA would not have a clear timeline or the required capital for purchasing this equipment.”
“We are honored to have played a part in this milestone for STA, helping them secure these important New Markets Tax Credits,” said Sharon Welhouse, Ryan’s Credits and Incentives (C&I) Practice Leader. “The C&I team at Ryan is focused on helping our clients achieve their goals through innovative financing strategies, and our partnership with STA is a perfect example of just that. We look forward to continuing to work with STA as they grow and positively impact the community.”
About Southwest Transplant Alliance
STA is a nonprofit organization based in Dallas, Texas, that saves lives by fulfilling the gifts of organ and tissue donation. Founded in 1974, STA has facilitated more than 35,000 organs for recovery and enhanced the lives of tens of thousands of people through tissue recovery. STA is among the largest of 57 federally designated, nonprofit organ procurement organizations (OPOs) in the United States and is a member of the United Network for Organ Sharing (UNOS). Established in 2018, the STA Foundation provides care for families, community education, and research in transplant science. STA serves communities in North Texas, Beaumont, Bryan/College Station, Corpus Christi, El Paso, Galveston, Midland/Odessa, Temple, Tyler, and Wichita Falls. For more information, go to organ.org.
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multijurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is an 11-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 4,500 professionals and associates serves over 24,000 clients in more than 60 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.
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