- Community Trust
- Funding the Trust
- Applications and Guidelines
- Scholarship Program
Community Trust and Operation Round Up
Boone Electric Cooperative has always been committed to the communities it serves. From the very beginning, Boone Electric was founded with the intention of improving the quality of life of its members. That commitment was further enhanced through the creation of the Boone Electric Community Trust. More than $1.9 million has been given back to the community since the Trust was established in December 1997.
A board of trustees appointed by the cooperative's board of directors manages the Trust. This volunteer board consists of members and nonmembers from the cooperative's service area. The board meets every other month to research and review funding applications and to determine how funds should be allocated. Current trustees are Nonie Dudley, Bobbie Glascock, Jr., Maxine Glenn, Ellen Kesterson, Mike McKeown, Kay K. Roberts, Rita Schulte, Sid Sullivan and Richard Truesdell.
The Trust is primarily funded through the Operation Round Up program and unclaimed capital credits.
Each month, with less than one dollar, you can support your community. With Operation Round Up members may choose to round up their monthly electric bill to the next highest dollar amount. The difference in change goes directly to the Boone Electric Community Trust. By participating in Operation Round Up each month, you will donate an average of $6 per year. This may not seem like a large amount, but if all of our members participate, the thousands of dollars raised every year will be a real benefit to our community.
One-time donations, estate planning and other traditional forms of contribution will also be accepted. All contributions are tax deductible to the extent that the law allows. Boone Electric donates all administrative services and incurred costs, so every penny donated is used directly for community assistance.
Trust Grant Report (pdf)
Trust Grant Report (.doc)
|2013 Meeting Dates||Applications Due by 5 p.m. on:|
|January 9||December 1st|
|March 13||February 1st|
|May 8||April 1st|
|July 10||June 1st|
|September 11||August 1st|
|November 13||October 1st|
In recognition of former CEO/General Manager Robert Alderson (CEO 1977-2000) the Trust awards 12-$2,000 scholarships in May of each year. Scholarships are awarded to one graduating student from each of the public high schools in the Boone Electric Cooperative service area. Four at-large scholarships are also available to students from private schools, home schools and nontraditional backgrounds.
Students attending one of the eight public schools in Boone Electric's service area should contact their high school guidance counselor for application due dates.