NEBRASKA COOPERATIVE COUNCIL

Restricted use fund - fund for excellence - during the year ended august 31, 1999, the council established the 'fund for excellence'. The purpose of this fund is to benefit and support agricultural cooperative education programs at the institute of agricultural and natural resources, university of nebraska foundation, or any other land grant college.energy source - during the year ended august 31, 2011, the council established the energy source fund. The purpose of this fund is to chanllange the nebraska department of revenue regarding its application of the energy source exemption allowed for grain cooperatives. The council requested a voluntary contribution from those members affected by this exemption equal to 13% of their 2011 council dues. Any funds remaining after this issues is resolved are to be refunded to the contributing members on a proportional basis. Contributions returned to the fund for year ended august 31, 2025 amounted to $0.legacy initiative - the legacy initiative is a multi-phase project commenced by the board of directors of the council in 2017 to study and develop programs and actions to strengthen the ownership relationship between cooperative patrons and their respective cooperatives and to introduce the cooperative business model to young agricultural producers. After completing phases i and ii which consisted of surveys of nebraska agricultural producers and cooperative employees in late 2018; the council has entered an action phase of the project in the development of educational programming for cooperative value proposition as well as the development of peer educational experiences for young agricultural producers to provide them with an added value in cooperative membership and loyalty. This action phase will be conducted on an opportunity driven basis. The nebraska cooperative managers association doned $20,000 in 2019 to establish the legacy initiative fund to provide support for these projects on an as needed basis. The fund had related expenses of $0 for the year ended august 31,2025. The board of directors approved the extinguishment of the fund at the end of 2024 calendar year.