Operation Round Up Contributes $45,050 to 83 Local Organizations
Stearns Electric Association’s Operation Round Up Program contributed $45,050 to 83 area organizations in March. Through the Operation Round Up program, Stearns Electric Association gives its member-consumers the opportunity to give back to the community by rounding up their electric bill to the nearest dollar.
Since the program’s inception in 1993, Operation Round Up (ORU) and Stearns Electric members have awarded over $2.5 million to 4,800 local non-profit organizations and community service programs. The rounded-up funds, no more than $11.88 per year, per member, are placed in a trust fund that is administered by the Stearns Electric Association Trust Board. The Trust Board is appointed by the Cooperative’s elected Board of Directors.
Trust Board Directors met on March 11 to review applications and funding requests. Eighty-three organizations were selected to receive funds totaling between $250 to $1,000 in this round of contributions. View the full list here.
The next round of funding is scheduled for July 2020. Applications are due by Wednesday, June 17, 2020. The online version of the application is available here.
November 30, 2022
In September 2022, the Stearns Electric Association Board of Directors authorized a $1.1 million general retirement of Cooperative Capital Credits…