(Jackson, Minn.) -- Seven area graduates have a diploma in one hand and a Federated scholarship in
the other.
The Federated Rural Electric Trust recently awarded seven $600 scholarships. One
scholarship was awarded in each of the seven Federated districts to the son/daughter of a Federated
member. These are the same districts used for the co-op’s director elections.
The recipients from each district are listed:
55 students completed Federated’s short scholarship application. This is the seventh year that students had to apply. Previously, one scholarship was awarded to the nine school districts, but this excluded home-schooled and neighboring school districts.
"The $4,200 worth of scholarships comes from Operation Round Up funds," said Federated's Trust Board President Scott McClure. "This is a charitable giving program where participating Federated members’ electric bills are rounded up to the nearest dollar amount. The extra cents go to a special trust fund administered by an independent Trust Board. In addition, unclaimed capital credits also are a part of these scholarships."
This is the 19th consecutive year that Federated has dedicated money to high school scholarships. This is the 14th year of Operation Round Up scholarships. They total $58,000.
"Currently, about 73 percent of Federated members are participating in Operation Round Up," McClure said. "If a Federated member's electric bill is not rounded up each month and you want to contribute, just call Federated. You will also receive a statement for your yearly contribution, which is tax deductible."
About a month ago the Federated Rural Electric Trust awarded $12,057 to local organizations. The funds were given to fire departments, educational programs and other community service organizations. The next round of awards will occur November 22. The deadline for interested organizations to submit applications is October 2. Call Federated at 507-847-3520 for more information and an application. Ask for Sherry or Andrea. Otherwise, download the form from the Operation RoundUp Section.
Federated is a Touchstone Energy cooperative that provides electric service to more than 5,000 members in Jackson and Martin Counties.