The Buffalo Tennis and Squash Preservation Foundation, Inc. received its tax exempt recognition in March of 2011. This process was lengthy and complex, and kudos should be extended to the foundation's current board, as well as previous T&S board presidents Peter DeRose and John Henrich for driving this multi-year process. Following the example set recently by both the Saturn and Garrett Clubs, the T&S has set up this entity as a vehicle to accept tax-deductible gifts for the purpose of maintaining those portions of club facilities which are recognized by the National Register of Historic Places (Tennis Court #1 and the club building).

The original club building dates back to 1915 and includes one of the two oldest indoor tennis courts in New York. As Foundation President Peter DeRose said in an earlier letter to the current T&S membership, "with age comes the need for maintenance of the facilities, including, as an example, the recent replacement of the skylight on Court #1." Projects such as these require capital to fund repairs, and, as such, it was decided that tax exempt status made sense so that donors are able to deduct the amount of gifts made to the Foundation for the preservation of the club.