Drury SIFE Director
Office: (417) 873-6863
SPRINGFIELD, Mo., July 28, 2009 —The Kitchen, Inc. could get a bulk of its lighting upgrade paid for through savings and rebates thanks to Drury University’s Students In Free Enterprise (SIFE) team. Drury SIFE is helping area non-profits understand and invest in energy efficiency upgrades through their innovative Ozarks Carbon Exchange Fund (OCEF) project.
The Kitchen, Inc is the latest non-profit to benefit from OCEF’s consulting and unique lending. The Kitchen is anticipated to save $3,500 annually and to receive a $3,000 rebate from the $9,500 lighting upgrade OCEF organized and funded. The work on upgrading the lighting will continue this week.
Energy efficiency improvements are increasingly being seen as a cost-effective solution to shrinking budgets while also helping the environment. “OCEF is reducing our community’s impact on the environment, but just as importantly, OCEF is improving the bottom line for area non-profits which in turn allows them to better serve our community,” said Josh Jones, Director of Drury SIFE.
OCEF contacts organizations and encourages them to set up an energy audit with City Utilities. OCEF then meets with the organization, evaluates the energy audit, develops an action plan which includes an explanation of the lending process, obtains quotes from contractors and, when an agreement is reached, OCEF gives the go-ahead to begin work.
All of OCEF’s loans to non-profits are interest free. In exchange for the loan, organizations agree to make repayments through the project’s energy and rebate savings. OCEF recently completed lighting upgrade projects at the Arc of the Ozarks and Victory Mission. These two projects are anticipated to save $4,000 annually in utility costs and pay back in less than two years.
Drury’s SIFE team developed OCEF in the fall of 2007. In November of 2008, OCEF was awarded a $20,000 grant from the Community Foundation of the Ozarks to begin funding projects.
Drury is an independent University, church related, grounded in the liberal arts tradition and committed to personalized education in a community of scholars who value the arts of teaching and learning. Education at Drury seeks to cultivate spiritual sensibilities and imaginative faculties as well as ethical insight and critical thought; to foster the integration of theoretical and practical knowledge; and to liberate persons to participate responsibly in and contribute to a global community. For more information, visit www.drury.edu/strategicplan.
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