Dennis Nuss, Phillips 66
Terri Buras, Plaquemines Parish Schools
August 13, 2012, Belle Chasse, LA – The Phillips 66 Alliance Refinery has announced that its popular Savings Bond Program, a longtime community partnership with the Plaquemines Parish School Board, will be replaced with a new program beginning with the 2012-13 school year.
As of January 1, 2012, paper savings bonds are no longer sold at financial institutions. This action supports the U.S. Department of the Treasury’s goal to increase the number of electronic transactions with citizens and businesses. As a result, the gifting of paper EE savings bonds is no longer an option for the school system.
The Alliance Refinery Savings Bond Program was created for students in Plaquemines Parish public schools grades 6 through 12 with a 3.5 grade point average or better. The goal of the program is to provide students with an extra incentive to achieve good grades.
Students who achieved the 3.5 or higher GPA during the following semesters will be recognized with a $25 Barnes and Noble gift card that can be redeemed online or at any local store:
2010-11 Spring Semester
2011-12 Fall Semester
2011-12 Spring Semester
Letters and gift cards will be mailed to each student during the month of September (students will receive $25 for each semester achieved).
Phillips 66, which owns and operates the Alliance Refinery, is working with the Plaquemines Parish School Board to determine a suitable alternative to the Savings Bond Program, which was begun in 1990. “Our commitment to recognizing high performing students in Plaquemines Parish public schools remains strong, and Phillips 66 will continue to sponsor a program at or above the same level as the savings bonds,” states Dennis Nuss, Public Affairs Coordinator for the Alliance Refinery.
Details on the new program are expected to be released in Fall 2012.