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In This Section
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Our Foundation
Introducing The Cape Hatteras Electric Foundation ... Members of Cape Hatteras EC have the opportunity to participate in an exciting program that provides funding for people in need throughout the co-ops service territory. It is called Cape Hatteras Electric Foundation. The Foundation is administered by a five member board of directors made up of one representative from each village: Rodanthe, Waves and Salvo; Avon; Buxton; Frisco; Hatteras. They are appointed by Cape Hatteras' board of directors for three year terms. An individual does not have to be a member of Cape Hatteras EC to serve on the Foundation board. Working Together To Help Those In Dire Need In Our Community Foundation funds are donated by Cape Hatteras EC members who allow their monthly electric bills to be rounded up to the next highest dollar. The rounded up amount ranges from 1 cent to 99 cents, and averages about 50 cents a month, or $6 per year. The few extra cents collected from each member is placed in a special Foundation account from which disbursements are made. Currently, approximately 90 percent of Cape Hatteras's members are voluntarily donating to the Foundation. Together they are raising approximately $2,000 each month or approximately $24,000 a year. By working together this way, Cape Hatteras members can help a lot of needy people right in our own communities. Small Change... That Changes Lives! Guidelines for disbursing these funds shall be based on individuals and families who are suffering unusual or unexpected problems and are in grave need of assistance. Grants may be used to pay for shelter, clothing, food, health care, emergencies, and other humane needs. Non-profit organizations providing assistance for these same needs may also be funded. Grant limits are $1,000 per individual or $2,500 per family or non-profit organization per year. Grants to non-proft organizations cannot be used for operating expenses or salaries, or for political purposes. Improving Someone's Life With Tax Deductible Contributions Contributions to the Cape Hatteras Electric Foundation are tax deductible, and a summary of your contributions for the year will be shown on your next year's January electric bill. The Carolina Country Magazine will be used to inform members as to how the funds are being disbursed. All the funds -100 percent-are given to people in dire need and to non-profit organizations who help people in need. All operating expenses of the Foundation are paid for by Cape Hatteras EC. Cape Hatteras members are automatically included in the Cape Hatteras Electric Foundation. If you choose not to participate, or you wish to discontinue your contributions simply contact us at billing@capehatteras-ec.com. We are proud and excited to offer our members the opportunity to be a part of something which does so much good for so many. The Cape Hatteras Electric Foundation is a fine example of how a little generosity and cooperation can improve someone's life. |
