About Our Fundraiser:
On Thursday November 21, we met our initial goal of $50,000 to eliminate $5 million of medical debt in NY and Chicago. THANK YOU to everyone who contributed!
I checked with RIPMedicalDebt yesterday & asked for 4 other cities that have high medical debt and a high number of people who can’t afford to pay it. They shared: San Antonio, Flint + Detroit, Houston & Indianapolis.
According to RIPMedicalDebt, Flint has about $10 million of medical debt that can be purchased and eliminated so as of today (11/22/19), we are going to set a goal to raise $50,000 more to eliminate $5 million of that debt for Flint residents.
This is an invitation to help us reach this next goal by January 2, 2020.
Please use the following social media toolkit to help you reach out to your networks to help with this holiday fundraising campaign: http://bit.ly/
It's the time of year when many of us focus on gratitude, when we begin to think about resolutions for the new year, and when we give gifts to our loved ones. The Holiday season can be difficult for many reasons but we can also use this time to alleviate as much suffering as we can. I think that this is the perfect time for a collective fundraiser to eliminate medical debt of those who need just a little more support to make their lives more livable.
Inspired by a fundraiser spearheaded in Cook County, I am inviting you to join with me to eliminate at least $5 million in medical debt for people in New York state and in Chicago. We need to raise $50,000 to eliminate $5 million in debt. If we raise more, we can eliminate more medical debt. Thank you in advance for taking part in this fundraiser. This fundraiser will run through January 1, 2020. Let's do this!
RIP Medical Debt’s Solution: RIP Medical Debt uses donations to purchase bundled medical debt portfolios that have gone through collection agencies for months or years. Using third-party credit data providers, it targets debt incurred by people facing financial hardship, and then forgives it. On average, $1 is leveraged to abolish $100 in medical debt.
Please see the full RIP FAQ below and visit www.ripmedicaldebt.org for more information.
Want to make a donation by cash or check?
Please mail any cash or check (payable to "RIP Medical Debt") to the address below and make sure to notate on the memo line or letter that your gift is designated to "Twitter Campaign."
RIP Medical Debt / 80 Theodore Fremd Ave. Rye, NY 10580
You can contact Jane Lee at email@example.com with any questions about your donation.
Who is RIP Medical Debt? RIP Medical Debt (RIP) is a national 501c3 nonprofit organization with a mission to empower donors to forgive the billions of dollars in oppressive medical debt at pennies on the dollar. RIP locates, buys, and abolishes destructive medical debt for individuals, veterans, and families. Since inception in 2014, RIP has relieved more than $600 million in medical debt for individuals across the U.S., impacting over 250,000 individuals.
How Does RIP Medical Debt Work? RIP, working with third-party credit data providers, searches through large debt portfolios to locate accounts meeting their criteria for relief. RIP then negotiates to buy millions of dollars of this debt at a steep discount, usually a penny or less on the dollar.
Facts about Medical Debt
- 42.9 million Americans have unpaid medical bills, which creates an adverse impact on debtor patients, physicians, and hospitals (Consumer Financial Protection Bureau)
- Six in 10 of both insured and uninsured people say they have difficulty in paying other bills as a result of medical debt. Over a third were unable to pay for food, heat or housing because of medical bills. (Kaiser Family Foundation & New York Times)
- Nearly two-thirds of U.S. adults under age 65, or 116 million people, had medical bill problems or debt, went without needed care because of cost, were uninsured for a time or were underinsured — insured but had high out-of-pocket medical expenses or deductibles relative to income. (Kaiser Family Foundation & New York Times)
- Medical debt contributes to more than 60 percent of the bankruptcies in the U.S. Until satisfied, debt lingers on a person’s credit report to negatively impact their ability to buy a home, get a loan or even gain employment. (The American Journal of Medicine)
Whose unpayable medical bills does RIP forgive?
- Individuals who make less than 2 times the federal poverty level
- Individuals with financial hardship - 5% or more of their annual income goes to out-of-pocket medical expenses
- Individuals who are insolvent (debts greater to their assets)
Why Donate to RIP Medical Debt?
- Your dollar goes a long way! On average, $1 abolishes $100 of debt.
- 100 percent of your donation goes towards abolishing medical debt.
- RIP Medical Debt is a 501c3 nonprofit organization, and our EIN number is 47-1442997. Donations are tax-deductible as allowed by law.
- We have specific programs for veterans and active service members of the US military.
- There are no tax consequences for those whose medical debts are forgiven. The forgiveness is a gift from a detached and disinterested third party (RIP) is an act of generosity, so forgiveness of the
- does not count as being income to the gift recipient.
RIP Medical Debt's Federal Tax ID: 47-1442997
Disclaimer: In the event that a campaign is unable to meet RIP Medical Debt's local campaign contribution goal, all funds will be attributed to our national funds for general or veteran medical debt.
A donation was made to @Prisonculture's Campaign to Abolish $10M of Medical Debt in Chicago, New York, and Flint
Christopher Knapp donated $450.00 to @Prisonculture's Campaign to Abolish $10M of Medical Debt in Chicago, New York, and Flint
$156.00 was donated to @Prisonculture's Campaign to Abolish $10M of Medical Debt in Chicago, New York, and Flint
Alice Connally made a donation to @Prisonculture's Campaign to Abolish $10M of Medical Debt in Chicago, New York, and Flint
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