[Jerseygirl08]

Originally Posted by dewilson58

The point everyone is trying to make, I believe, is that SECO just did this, assuming they could decide for all customers. I doubt anyone would complain otherwise. It's about SECO making that decision for us!

[retiredguy123]

It's just plain wrong.

[JMintzer]

Originally Posted by Bill14564

It seems they did make the announcement and provide the steps to opt-out - even for those without a computer.

While I really don't give a tinker's damn about the program, they really should have made it an "opt in" program, rather than making people "opt out"...

[retiredguy123]

According to SECO, the average donation per customer is 6 dollars per year, and they have about 200,000 customers. So, if no customers opt out, they would collect about $1.2 million dollars per year.

[blueash]

Here is what they will be using your round up money for:

The SECO Energy Foundation’s goal is to generate more funds for projects that align with SECO members’ needs and the company’s strategic initiatives. This alignment will include increased bill payment assistance for your fellow members, as well as projects focusing on energy-efficiency, education/STEM, environmental, veterans’ initiatives and public safety.


You can opt out by emailing them using
customerservice@secoenergy.com
By phone 352 793 3801

[villagetinker]

Originally Posted by Golfer222

Can we deduct this as a charitable contribution?

I would doubt it, we are giving the money to SECO, and SECOP is making the donation, they get the deduction, IMHO.

[melpetezrinski]

Originally Posted by golfing eagles

$11.88/year max for charity--hope it's a good one. At least I hope it's better than the trillions that are spent on the government's "charities".

Congratulations! You just won the prize of interjecting politics into a seemingly non-political post the fastest. I'm sorry you are going through a tough time and yes, misery DOES love company but why are trying to rile everyone up on this post?

[JoMar]

Originally Posted by JMintzer

While I really don't give a tinker's damn about the program, they really should have made it an "opt in" program, rather than making people "opt out"...

More companies will move to opt out rather than opt in......if the goal is to raise monies for charities then the goal should be to get more people in and put the burden on opting out on those that consider 10 bucks a year a big deal. We received the notice last year with instructions on how to opt out so we had plenty of time to decide. We all, deep down, know that for those that don't manage by computer, smartphones or other digital means will continue to be left behind. You might feel good about your position, but your frustrations will continue to grow.

[Bogie Shooter]

Originally Posted by villagetinker

I would doubt it, we are giving the money to SECO, and SECOP is making the donation, they get the deduction, IMHO.

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.

[JMintzer]

Originally Posted by JoMar

More companies will move to opt out rather than opt in......if the goal is to raise monies for charities then the goal should be to get more people in and put the burden on opting out on those that consider 10 bucks a year a big deal. We received the notice last year with instructions on how to opt out so we had plenty of time to decide. We all, deep down, know that for those that don't manage by computer, smartphones or other digital means will continue to be left behind. You might feel good about your position, but your frustrations will continue to grow.

"My frustrations"???

[retiredguy123]

Originally Posted by Bogie Shooter

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.

[CoachKandSportsguy]

Originally Posted by dewilson58

Yes, all $9 of it.

However, the only way the contribution is now deductible is that the donation goes to the Foundation. If the deduction went to SECO Energy directy, technically SECO is corporation, and donations aren't deductible.

accounting guy

[photo1902]

Good grief. Login to your account and unenroll. So much drama over nothing.

[retiredguy123]

Originally Posted by CoachKandSportsguy

However, the only way the contribution is now deductible is that the donation goes to the Foundation. If the deduction went to SECO Energy directy, technically SECO is corporation, and donations aren't deductible.

accounting guy

But, where does the customer fit in? Are you saying that the money taken from the customers is just a non-deductible gift to the SECO corporation and the corporation gets the full benefit for the tax deductible donation when they give it to the foundation? Just asking.

[Bogie Shooter]

For those who may have a chance at a new career………..progressive commercial auditions are this weekend.