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News & Press: Member Co-op News

Federated members help fund local projects with Operation Round Up®

Monday, April 24, 2017   (0 Comments)
Posted by: Shari Wormwood
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Federated Rural Electric Trust Board Director Deb Rentschler presented a $700 check to Minnesota West, Jackson. Dennis Hample. The $700 lineman scholarship is dedicated for a Martin or Jackson County student.

The Federated Rural Electric Trust, Jackson, recognized local organizations receiving $27,499 through Operation Round Up®. These donations occur due to monthly contributions by participating Federated members. 33 organizations received money in their 45th round of funding.

                                      

About 80 percent of Federated Rural Electric members participate in Operation Round Up®. They allow their electric bills to be rounded up to the nearest dollar. For example, a bill of $55.75 is rounded up to $56. The extra cents go to a special trust fund, which is administered by an independent trust board that consists of seven Federated members. Since the first round of funding in 1995, more than $544,000 has been awarded to local organizations and as high school scholarships.

 

"Operation Round Up® is a way for members to help members," said Cyndi Jensen, Federated's Trust Board Chairman. "Just a few cents a month, when added with other members' cents, can really add up and do some good in our communities. On the average, a member's Round Up contributions amount to approximately $6 a year, which is tax-deductible."

The Trust Board's policy outlines project categories eligible for funding:

  • community service (emphasis on public safety, health care and enhancement of cultural environment)
  • community leadership programs, education and youth projects (social problems and wellness/athletics)
  • environmental projects (recycling, environmental education and environmental ag research)
  • emergency energy assistance funds to organizations for distribution and disaster relief

Federated is a Touchstone Energy cooperative serving 6,700 members in Jackson and Martin Counties.


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