The Central Rural Electric Cooperative Foundation, established in 2006, is a charitable organization that distributes funds to individuals and organizations throughout the communities within the Central Rural Electric Cooperative service area. Funding is available in one of the following categories: Health Care, Disaster Relief, Education and Personal Needs. Funds will not be used to pay electric bills, nor will they be used for political purposes.
The CREC Foundation is funded through a program called Operations Round Up. Each month, members of CREC have the option to round up their electric bill to the nearest dollar. That money is put into the CREC Foundation. On average, $6,500 each month goes into the Operation Round Up fund. To date, the CREC Foundation have given more than $331,000 dollars to individuals and organizations throughout CREC's service area.
The CREC Foundation is administered by a nine-member board of directors. Directors are appointed to the board by their respective CREC trustee.
The board meets the second Thursday of each month, with the exception of July.
Completed applications must be received by the 25th of each month. Applicants will receive written notification of the board's decision following the meeting. Organizations can receive a maximum of $10,000 in one year. Individuals can receive a maximum of $2,500 in one year and $500 under the category of personal needs. Completed applications can be mailed to:
Attn: Jillianne Tebow
PO Box 1809
Stillwater, OK 74076
Applications can also be faxed to (405) 372-8559 or dropped off at CREC located at 3304 S. Boomer Rd. in Stillwater. For any questions concerning the CREC Foundation, please call (405) 533-4131.