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ORU FAQ

 

What is the TVEC Charitable Foundation?

The TVEC Charitable Foundation is an independent, nonprofit 501(c)(3) organization. The foundation is responsible for all funds collected through the Trinity Valley Electric Cooperative Operation Round Up® program. A board of directors oversees the foundation and will make decisions regarding the allotment of donations. Board members and Trinity Valley Electric Cooperative employees do not receive financial compensation for their TVEC Charitable Foundation efforts.

When did the bills begin to be rounded up?

Bills were rounded up beginning in April, 2013.

What if I do not want to participate?

If you do not want to participate in Operation Round Up®, simply contact TVEC and request that your name be removed from the program.

Is the contribution tax deductible?

Yes, and each contribution you make will appear on your monthly statement.

Will TVEC provide a formal tax document for the contributions made to Operation Round Up?

No. While the amount you contribute to Operation Round Up is tax deductible, no documentation is necessary. TVEC will be glad to assist you in retrieving past bills in order to record your contributions.

How can I submit my organization’s name to be considered for funding?

Grant applications will be available by request or on the TVEC website.