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Operation Round Up FAQs

Q.  What is Operation Round Up?

A.  It is an ongoing charitable fundraising program to benefit worthwhile community projects.  REMC members who round up their electric bill to an even dollar amount donate those funds.  Many rural electric cooperatives across the country have implemented the program which was originated by Palmetto Electric Cooperative in South Carolina.

 

Q.  How does the program work?

A.  Each month, members who wish to participate will allow Daviess-Martin County REMC to automatically round up electric bills to the next highest dollar amount.  For example, if your bill is $68.51, your bill will be rounded up to $69, meaning that month’s contribution is 49 cents.  If your bill is $68.90, your bill will be rounded up to $69, contributing 10 cents. The extra cents will be put into the Daviess-Martin County REMC Community Fund, Inc.  The cost to you will be 99 cents or less per month and will average about $6.00 a year per member.  Individually it doesn’t sound like much, but collectively it adds up in a hurry.

 

Q.  Where and how will the funds be distributed?

A.  Any group or organization in the REMC’s service area is eligible to apply for a grant from the community fund.  However, funds will not be used to pay utility bills or go towards political campaigns.  

 

Q.  When are grant applications due and reviewed?

A.  Grant application times are due on the last working day of the following months:  February, May, August and November.  Quarterly meetings for review of applications are held in March, June, September and December.   

 

Q.  How will we know where the funds go?

A.  A list of the funds given out will be featured periodically in the Indiana Connection.  Until the funds are distributed, they will be placed in a separate account called Daviess-Martin REMC Community Fund, Inc.

 

Q.  Who will administer the fund?

A.  A nine-member volunteer board of directors from the Daviess-Martin County REMC geographic area will review the applications and make grant recommendations.

 

Q.  What is the role of the Operation Round Up Board of Directors?

A.  Separate from the Daviess-Martin County REMC board of directors, this non-paid board will evaluate applications made to the program and make recommendations for issuing of grants.  The board will have a set of bylaws by which to operate.

 

Q.  If I have several accounts, will each one be rounded up?

A.  Any participation from our members is appreciated.  However, if you’d like only one of your accounts rounded up, just let us know.

 

Q.  What if I can’t or don’t want to participate in this program?

A.   Anyone can opt-in or opt-out from Operation Round Up at any time by contacting the Daviess-Martin County REMC office.  You can also find forms here to opt-in or opt-out of the program.  Members may receive a refund for up to one year’s contributions.

 

Q.  Are donations to Operation Round Up tax exempt?

A.  Yes!  Operation Round Up donations are tax-exempt, and Daviess-Martin County REMC notifies each member on the January billing the total contributions for the preceding year.  

 

Q.  Will Operation Round Up funds be used to pay any type of utility bills?

A.  No!  The funds will not be used to pay any utility bills.  Nor will funds be used for Political Contributions.

 

Q.  Are the funds available to groups or organizations that are not served by Daviess-Martin County REMC?  

A.  Yes!  Those eligible to apply for the funds include groups or organizations located within the communities of Daviess, Martin and Lawrence counties.  Applicants need not be members of Daviess-Martin County REMC.  For the most part the funds will be provided to meet the needs of applications that are not being met through other sources. The maximum amount available to any group or organization in any one year is $10,000.

 

Q.  What are some possible uses for the fund?

A.  Examples of grants would be for fire department equipment, EMS, youth and school groups, youth camps, foundations, senior citizen groups, and other various community programs and projects.

 

Q.  Is this program legal?

A.  Yes!  Our attorney has reviewed the By-Laws of the Operation Round Up program and has filed all of the documentation to implement the program.

 

Q.  Why is the rural electric company involved in a charitable organization?

A.  One of the cooperative principals is Concern for Communities.  We feel a strong responsibility to the people in our service territory communities that goes beyond simply providing reliable, economical power.

One of the most rewarding aspects of Operation Round Up is that it is an extension of the concept of neighbor helping neighbor that built our electric cooperative.  Just as our forefathers joined together to build their own electric systems when private power companies refused to serve rural areas, Operation Round Up helps co-op members reach out to worthy causes in their communities and work together to help others.

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