CONSOLIDATED ELECTRIC FOUNDATION INC

THE CONTRIBUTIONS RECEIVED THROUGH "OPERATION ROUND-UP" IS A VOLUNTARY ROUNDING UP ON CONSUMERS' UTILITY BILLS AND IS DISBURSED TO OTHER 501 (C) (3) ORGANIZATIONS, GOVERNMENTAL UNITS, OR TO INDIVIDUALS WHEN SUCH ASSISTANCE IS IN KEEPING THE SPIRIT AND PURPOSE OF THE FUND. THESE ALLOCATIONS ARE REVIEWED BY THE BOARD OF DIRECTORS TO DETERMINE WORTHINESS.

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