Operation
Round-Up®
| As
an SSVEC member, you now have the opportunity to help
individuals and organizations in our communities through
a program called Operation Round-Up®. When
you sign up to participate in this program your electric
bill is rounded-up to the next whole dollar amount. The
additional money (from 1 to 99 cents) is placed into the
cooperative’s Charitable Trust and these funds are
dedicated to charitable projects within our service area.
The program is flexible in that you may also give a one-time
gift or a fixed monthly amount. |
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The
intent of the Operation Round Up Program is to:
- Help
families cope with emergencies, illnesses and special
medical needs.
- Aid
community and emergency service providers in their
efforts to improve the quality of life for our less
fortunate neighbors and support each community’s
health, safety and well-being.
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Operation Round Up®
Frequently Asked Questions
- How
do I participate? Just fill out the Participation/Sign
up Form and send it with your next payment. We will
do the rest.
- Can
I sign up on line? You can email your information
to us (name, address, account number), and say you'd like
to participate on the "Round Up" program.
- What
if I want to give a larger monthly gift? The program
allows you to specify a monthly gift of any amount you choose.
- How
do I send a one-time gift? Enter the amount of
the gift on the Participation/Sign up Form and we will add
that amount to your next SSVEC bill.
- How
long am I signing up for this program? Your participation
continues until you notify your local co-op office to cancel.
- Is
the contribution tax deductible? Yes. You will
also receive an annual summary.
- What
if I am on the budget billing program?
You can participate by indicating the additional amount
you’d like to contribute each month. The intent of
the Operation Round Up Program is to:
- Help
families cope with emergencies, illnesses and special
medical needs
- Aid
community and emergency service providers in their efforts
to improve the quality of life for our less fortunate
neighbors and support each community’s health,
safety and well-being
- How
do individuals or organizations apply for Round Up monies?
Applications are available at SSVEC offices.
- What
are the Qualifications for Round Up monies? See
the Qualification Guidelines below.
An example of how it works:
- If
your electric bill is $66.45, Operation Round Up®
will add $.55 to make it an even $67.00.
- Your
electric bill will show an itemized charge of $0.55 labeled
MISCELLANEOUS Round-up Program.
- The
$.55 will be placed in the Charitable Trust for projects
in our communities.
Qualification Guidelines for Assistance:
- Funds
shall be disbursed in the general service area of SSVEC
solely for charitable, health or safety purposes.
- Organizations
must be exempt from Federal Income Taxation under s501 (a)
of the Internal Revenue code of 1986 (or the corresponding
provision of any future United States Internal Revenue Code—the
"Code"—as a corporation described in s501
(c) (3) of the Code.)
- No
funds from the charitable trust shall in any fashion be
used to support any candidate for political office or for
any political purpose.
- Not
more than $2,500 will be given annually to any family unit,
group, organization, charity or like organization.
- The
Board committee will not meet less than monthly to evaluate
applications.
- The
Board committee reserves the right to carry over applications
to a later meeting depending on fund availability and other
factors.
- In
an emergency situation the CEO is authorized to approve
an application request.
- The
Board committee reserves the right to deny any request.
Click
the link under "Quick Links" to the left for Assistance
Application form or pick up one at your local SSVEC office.
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