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The 7 th Cooperative Principle in Action: Oklahoma Electric Cooperatives Unite in Tornado Relief Effort By Warren Langford Chairman – Touchstone Energy.

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Presentation on theme: "The 7 th Cooperative Principle in Action: Oklahoma Electric Cooperatives Unite in Tornado Relief Effort By Warren Langford Chairman – Touchstone Energy."— Presentation transcript:

1 The 7 th Cooperative Principle in Action: Oklahoma Electric Cooperatives Unite in Tornado Relief Effort By Warren Langford Chairman – Touchstone Energy Oklahoma Disaster Relief Fund Board of Directors Oklahoma City, OK OAEC Staff Update – October 14, 2015 ‘Touchstone Energy Oklahoma Disaster Relief Fund’

2 Touchstone Energy Oklahoma Disaster Relief Fund Summary: As of 10/14/15 the Fund has received $493,575.94 in donations. Funds disbursed to 4 Co-op ORUs total $436,999.71 Nearly 400 members & over 75 community agencies assisted; Distribution Co-ops, G & Ts & Statewides from 28 different states made contributions to the Fund, in addition to CFC, NRECA & CoBank. Sales of OKL Calendars gave $3,197.05. Almost 7.71% of Fund total comes from individual donations; Nearly 90.52% of Fund total comes from Co-op organizations; About 1.77% of Fund total comes from other corporate entities.

3 Touchstone Energy Oklahoma Disaster Relief Fund: Total Donations Received: $493,575.94 Total Fund Disbursements: - $436,999.71 Dividends/Interest Earned: + $150.02 FUND BALANCE (as of 10/14/15) = $56,726.25 OEC Foundation: $291,333.15 Caddo EC Foundation: $48,555.52 Canadian Valley EC Foundation: $48,555.52 Central Rural EC Charitable Foundation: $48,555.52 Fund Proceeds given to above four Foundations:$436,999.71

4 QUESTIONS?


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