OPERATION ROUND UP
OPERATION ROUND UP
YOU AND YOUR CO-OP, DOING GREAT THINGS TOGETHER
WHAT IS OPERATION ROUND UP AND HOW DOES IT WORK?
Operation Round Up collects voluntary donations from Coast Electric members to benefit organizations in the cooperative's service area – Hancock, Harrison and Pearl River counties. The monthly bills of participating Coast Electric members will automatically be rounded up each month to the nearest dollar and the amount collected will be donated to local organizations. For example, if your bill is $145.50, it will be rounded up to $146.00 and 50 cents will be deposited in the Coast Electric Community Trust. The average contribution per member will be approximately 50 cents per month, less than two cents a day. With at least 85 percent of Coast Electric’s members participating, we can put an average of $418,000 back into the communities where we live, work and play each year.
WHY SHOULD I PARTICIPATE?
Working together, the cooperative way, we are always making a difference. Now, you have the potential to make a greater impact in your community for an average contribution of 50 cents each month. While it may not seem like your spare change can do much, when combined with the efforts of your fellow Coast Electric members, your pennies and dimes will fund projects that will improve the quality of life in our communities.
We hope that you see the benefits of Operation Round Up for our communities and will want the program to have as much positive impact as possible. However, if you do not feel this program is to your benefit, we have made opting out simple. Contact a Coast Electric member service representative at 877-7MY-CEPA (877-769-2372) or complete the opt-out form. Members who opt out can always decide to contribute again later. New members will be automatically enrolled but will have the opportunity to decline participation.
WHAT IS THE MISSION?
Cooperatives are governed by a set of principles, including the Seventh Cooperative Principle, “Concern for Community.” From children’s programs and non-profit organizations to environmental initiatives and volunteer organizations, Coast Electric has a long history of community support. Operation Round Up, which has been adopted by hundreds of electric cooperatives across the country, allows Coast Electric the opportunity to extend our community commitment and provide additional funding with the help of our members. This program allows Coast Electric and its members to work together to positively impact the quality of life in our communities.
HOW ARE THE FUNDS MANAGED?
Operation Round Up funds will benefit community projects in Hancock, Harrison and Pearl River counties. The Coast Electric Community Trust will be managed by a committee comprised of nine appointed members from throughout the cooperative’s service area. The committee will meet twice each year to review applications and select recipients.
HOW CAN MY ORGANIZATION APPLY FOR A GRANT?
Any organization in Coast Electric’s service area can apply for funding. Based on the Community Trust guidelines, nonprofit, community, volunteer, educational or civic organizations that generally qualify as exempt under 501(c)(3) may apply for grants. Grants will be awarded quarterly. Applications will be accepted in November 2020 and again in May 2021. Applications will only be accepted online.
IF YOU HAVE QUESTIONS ABOUT THE APPLICATION PROCESS:
Please contact the Gulf Coast Community Foundation at (228) 897-4841.
Applications will be available twice each year. Applications will only be accepted online only. Applications will be available in November 2020 and again in May 2021.
Organizations can receive only one grant per calendar year. If your organization applies and does not receive a grant, you may apply again in the same calendar year.
Although there are many worthy charitable and educational projects and community needs in our local area, the limited availability of funds requires us to establish funding priority categories. Funds will be used for the greater good of our communities for organizations or charities who align with Coast Electric’s mission, culture and values.
Funding priorities include but are not limited to projects that focus on the following:
1. Programs, projects and organizations that are important components of a community’s overall quality of life.
2. Programs and projects that enhance the cultural environment of communities in our local area.
1. Programs and projects designed to promote greater economic stability by helping to expand and diversify local economies and promote tourism.
2. Community leadership programs designed to improve problem solving skills and empower people to become self-reliant in identifying solutions to local economic and social problems.
Education and Youth:
1. Schools served by Coast Electric may apply for grants for programs/projects that benefit students/teachers.
2. Programs that are designed to combat critical social problems affecting youth.
3. Programs and projects that promote wellness and encourage youth participation in athletics and physical fitness activities.
1. Programs and projects that promote community recycling and natural resource preservation.
2. Community-based environmental quality education programs.
Share Your Blessings – an energy assistance program established through Coast Electric to help Coast Electric members in need.
Contributions will only be made to support bona fide charitable nonprofit organizations and activities that align with Coast Electric's culture and values.
Contributions generally will not be made for:
- Lobbying or political issues or campaigns
- Fund-raising dinners, raffles and other events
- Capital fund campaigns
- National fund drives
- Internal payroll expenses of an organization
- Operating expenses
The Coast Electric Community Trust committee will present information about disbursements at the Annual Meeting. The information will also be published in Today in Mississippi. You will be able to learn about all of the amazing things your contributions are doing for our community at www.coastepa.com and on our social media outlets. There will be an annual report for the program as well.
We will post photos, videos and stories from funded organizations on our social media outlets. Make sure you check in to see how your spare change is making a big difference!
Coast Electric will continue to support Share Your Blessings, an energy assistance fund. Twenty-five percent of annual Operation Round Up collections will be donated to Share Your Blessings.
Find out more about Share Your Blessings or see if you qualify for assistance. Share Your Blessings.
In an effort to assist those served by Coast Electric in the midst of the Covid-19 pandemic, 100% of Operation Round Up funds were temporarily allocated to the Share Your Blessings energy assistance fund to bring immediate relief to those who felt the financial impact of the pandemic. In August, the allocation of funds returned to normal - 65% to the Community Trust, 25% to Share Your Blessings and 10% to an endowment fund.