CoServ Charitable Foundation to distribute over $392,000 in grants, $100,000 to COVID Relief Fund

CoServ Charitable Foundation to distribute over $392,000 in grants, $100,000 to COVID Relief Fund

The CCF COVID Emergency Relief Fund distributed $25,000 to Frisco Family Services to help the organization meet increased demand that's come with the pandemic. Photo by KEN OLTMANN/CoServ

 

CORINTH, Texas – January 19, 2021—In the first grant designations since the COVID-19 pandemic began, the CoServ Charitable Foundation (CCF) plans to distribute $392,849 to 21 North Texas nonprofits that provide basic human needs. CCF also has designated $100,000 to the CCF COVID-19 Emergency Relief Fund, bringing the total allocated to that effort since April 2020 to more than a half-million dollars.

In 2020, due to the pandemic, CCF focused on helping social service agencies provide COVID relief to CoServ households. Now, in addition to the CCF Relief Fund, the foundation is distributing grants at a time when many other organizations aren’t able to raise money.

“In the fall, the CCF Board took the bold move to accept and fund grants focusing on meeting basic human needs,” said Vicki Sargent, Director of CoServ’s Community Engagement. “So many grant-making organizations have not been able to continue funding requests – CCF has once again acted in a responsible manner to make a difference on behalf of our Members and Customers.” 

Jessica Craft, CoServ Charitable Foundation & Outreach Coordinator, said emotions poured out when she called the recipients in late December to let them know their grants had been approved.

“Hearing the exhaustion and tears of relief on the other end of the call is why the foundation and nonprofits exist – to give support to those who seek assistance when someone is unable to help themselves,” Jessica said. “You know in that moment that the driving force for making our communities stronger and better is found in one’s heart.”

In all, the CCF COVID-19 Emergency Relief Fund has distributed $527,000 to various social service agencies. The most recent $100,000 allocation went to Allen Community Outreach ($50,000), Christian Community Action ($25,000) and Frisco Family Services ($25,000).

Most of the funding for the grants and the CCF COVID-19 Emergency Relief Fund comes from CoServ Members and Customers who participate in Operation Roundup, where their monthly bill is rounded to the nearest dollar. Funding also comes from Employees through payroll deductions, internal fundraisers and other special events.

“Our Members, Customers and Employees have generously donated to help their neighbors through the unprecedented and difficult time,” Vicki said. ___________________________________________________________________

The CoServ Charitable Foundation is an IRS-recognized 501(c)3 charity.  All donations are tax-deductible, as allowed by law. CoServ is an electric and natural gas distribution company serving North Texas. Incorporated as Denton County Electric Cooperative in 1937, CoServ Electric is one of the largest electric cooperatives in the country, serving more than 250,000 electric meters across Denton, Collin and four other North Texas counties. CoServ Gas was established in 1998 and serves more than 130,000 gas meters in Denton, Collin and Kaufman counties. CoServ’s mission is to deliver excellent service to our Members and Customers by providing safe and reliable energy solutions.

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