Talk of The Villages Florida - View Single Post - Seco
Thread: Seco
View Single Post
 
Old 02-01-2023, 05:25 PM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 17,212
Thanks: 3,003
Thanked 16,396 Times in 6,462 Posts
Default

Quote:
Originally Posted by Bogie Shooter View Post
From the provided link……

The current Pennies from Heaven program is transitioning to the SECO Energy Foundation in January 2023. Contributions will be tax-deductible and allow the Foundation (as a nonprofit entity) to apply for grants from other local, state and federal sources. Grants may include investments in first responder equipment, energy-efficiency grants for low-income communities and senior/youth centers.

It seem some posters find it easier to just post false information rather than looking to find what are the facts.
I read that, but, to me, it wasn't clear who would get the tax deduction. The foundation is a 501c3 non-profit, but it sounded like SECO Energy would be making the donations to the foundation, a separate organization. So, SECO Energy could either take the tax deduction themselves or transfer it to the electricity customers who actually donated the money.