Operation Round Up
With an Operation Round Up program, Egyptian Electric Cooperative is in a unique position to be a catalyst for improving the quality of life of our membership within our service territory. It will help further facilitate member dialogue, identify community goals, and have the ability to act upon and support them.
What is Operation Round Up? It’s a charitable program unique to electric cooperatives designed to provide financial assistance to local school programs, philanthropic groups, non-profit organizations, rescue squads, volunteer fire departments and other deserving causes that benefit members within Egyptian Electric’s service area. The Operation Round Up program was started by Palmetto Electric Cooperative in South Carolina in 1989, over 30 years ago now. It was a way for their cooperative to act as a conduit and help facilitate the cooperative members in giving back to their communities. The program has been adopted by over 350 other rural electric cooperatives across the nation. One of the cooperative principles is Concern for Community. Cooperatives feel a strong responsibility to the people in the communities they serve that goes beyond simply providing reliable and safe electricity, it is an extension of the concept of neighbors helping neighbors that built our electric cooperatives in the first place.
How does this work? Funding for Operation Round Up is donated by co-op members like you who volunteer or opt into indefinitely rounding up their monthly electric bill to the next whole dollar amount to our Egyptian Electric Charitable Fund (NFP). For example, if your electric bill is $86.75, it will round up to $87.00 and your contribution for the month would be 25-cents. Your donation is tax-deductible and never goes above 99-cents per month; the average donation for the year is $6.00 and the most it would ever be is $11.88! It is small change, but when you multiply that by the thousands of Egyptian Electric Cooperative members participating in the program, it delivers big benefits to the local community and charitable organizations. So if 1,000 people were registered and donated the average $6.00/year, that would amount to $6,000.00 that would go right back into the community. Employees can also contribute to the fund, and anyone else at any time. Think of it is as a community foundation.
What are possible uses for Operation Round Up? The 501(c)(3) charitable organization program, the Egyptian Electric Charitable Fund, would be used to aid many worthy causes and not only charitable organizations. For instance, it could benefit community service projects, economic development, education and youth programs, senior citizen programs, supplies and equipment for rural and municipal fire departments, emergency response services, and food pantries to name a few. The funds would not be used to pay member bills, nor political purposes. An “Advisory Committee” will be assembled and comprised of members across our territory to make the funding determinations based on application.
How Donations Are Collected? Donations are automatically collected through your monthly electric bill, whether you are on regular billing or budget billing. The monthly amount will be shown on a separate line item, as well as the year-to-date, so it’s easy to track your tax-deductible Operation Round Up contributions. So sign up today through our online form, or by the printable form and return to our office.
Who Administers the Funds? The small change you contribute to Operation Round Up is deposited into the Egyptian Electric Charitable Fund account. Once enough funds are accumulated to take applications, an independent, volunteer Charitable Fund Board will carefully review grant applications and determine who receives funding.
Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.