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P R I


Z E S


ENTERTAINMENT


F O O D


ENTERTAINMENT


F O O D


P R I


Z E S


ENTERTAINMENT


F O O D


Operation Round Up® Patti Rogers


Neighbor Helping Neighbor to the Tune of $4 Million Since 1993


T


Operation Round Up® collects pennies,


nickels, and dimes from participating co-op members to create positive and


lasting change in our communities.


OEC Foundation, Inc. FINANCIAL STATEMENT


Beginning Balance 6/17/14 .............................$102,763.33


June deposit ....................+18,775.35 Interest ...........................................+3.27 Checks issued .................... -1,570.99


Approved, not paid ....-46,407.94


Ending balance 7/10/14 ...............................$73,563.02


Financial report by: Amanda Dierking


HE OEC FOUNDATION in 2013 provided aid to an unprecedented number of local families in need, in some nontraditional ways. More than $490,000 was awarded in grants during the year.


Over half the money awarded last year—$243,015— went to tornado


victims’ families and tornado survivors for disaster-related losses and cleanup assistance. “A lot of people came together to make these grants possible,” said Max Meek, CEO for OEC. While some of the money was from the OEC Foundation coff ers—Operation Round Up® donations from OEC members— most was from gifts entrusted to the OEC Foundation from the Touchstone Energy Cooperative Oklahoma Relief Fund. T e Oklahoma Association of Electric Cooperatives established the TECORF fund in response to overwhelming support from the electric co-op “family” across the U.S. in the wake of the May 2013 tornadoes. “It provided the structure, management, and oversight to administer these gifts, which were earmarked for disaster relief,” Meek said. T is needed and very welcomed windfall, combined with our members’


and employees’ contributions to ORU, resulted in more than 150 grants to individuals and families and 48 grants to organizations for the year and brings the total awarded since the program’s inception to over $4 million. Established in 1993, ORU is a grant program that began as an extension


of the “neighbor helping neighbor” principle upon which OEC—and all cooperatives—was founded. Participating OEC members round up their monthly electric bills to the next even dollar, and donate the diff erence to the OEC Foundation. T ose who contribute to ORU contribute an average of only $6 per year, which truly demonstrates that little things really do add up. OEC Foundation grants are awarded in six categories: community service,


education and youth, medical, housing, food and household, and clothing. Bylaws prohibit grants for utility bills or political purposes. Applications are accepted on a year-round basis. T ose interested in applying


for assistance can download a copy of the application (Adobe Reader required) from OEC’s Web site, www.okcoop.org, or pick up the form at the co-op’s offi ce. Forms also are mailed upon request. Call 217-6710 for additional information.


OEC FOUNDATION, INC. BOARD OF DIRECTORS


JAMEY ALLEN  LEROY BAYLIFF  JIM BROWN  VIVIAN GIBSON  LLOYD GRAMLING  JERRY MCCRACKEN  LYNNE MILLER  SUNNY STUART  BECKIE TURNER  JOYCE WALLACE


10 www.okcoop.org August 2014


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