The purpose of the RMEL Foundation is to provide scholarships to deserving and qualified students in engineering, business, information systems, plant, line or distribution technology, line worker or other curriculum related to the electric energy industry.

The RMEL Foundation was incorporated on May 5, 1999 and received its 501(c) 3, IRS non-profit, tax-deductible status on March 3, 2000. The RMEL Foundation's purpose is exclusively for the charitable and educational purposes of awarding scholarships to deserving and qualified students in engineering or curriculum related to the utility industry.

Both corporate and individual donations have been received.

The Silent Auction was established in 2000 and the golf outing in 2001. Scholarships were first awarded in 2001.

The goal of the Foundation is to grow its endowment and also provide scholarships out of current income.

One RMEL Director serves on the RMEL Foundation Board.