Skip to main content
rddbwwbsrdvarsceturddbw

Otero County Electric Education Foundation

Profile

Last Updated: 2016-05-29

At A Glance

Otero County Electric Education Foundation

P.O. Box 227

Cloudcroft, NM United States 88317-0227

Telephone: (575) 682-2521

URL: www.ocec-inc.com

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $1,351,103

Total giving: $74,500

EIN

850374112

BRIDGE Number

6032090555

Background

Established in 1996 in NM

Purpose and Activities

Scholarship awards to active members receiving service from Otero County Electric Cooperative, Inc., and their immediate families to attend a recognized New Mexico institution of higher education.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Grants to Individuals Program

Scholarships to active members of Otero County Electric Cooperative and to their immediate families to attend recognized NM institutions of higher education.

Scholarship

The foundation awards a one-year, $1,700 scholarship, $850 to be paid at the start of each semester on confirmation that the applicant has maintained at least a 2.5 GPA on a 4.0 scale, and is a full-time student. Applicants must be of good character, demonstrate a coherent degree plan, and a willingness to pursue a course of higher learning. Economic need of the applicant is given secondary consideration. Recipients must reapply each year.

Financial Data

Year ended 2014-12-31

Assets: $1,351,103 (market value)

Gifts received: $78,117

Expenditures: $88,435

Total giving: $74,500

Qualifying distributions: $74,500