RIP Medical Debt Co-founder Jerry Ashton's Birthday Fundraiser
Celebrate Jerry's 84th birthday by abolishing medical debt!
Jerry Ashton is baaaaaack!
Being retired to the board of the charity he co-founded has not diminished his love for the important work being done by RIP Medical Debt. Putting an exclamation point (!) behind that, Jerry is celebrating his March 27th 84th birthday by guiding his new company, Let’s Rethink This (LRT) into a medical debt relief campaign. Our goal: to raise $10,000.
As he describes it:
“I chose to do this by way of my new enterprise and team for two reasons. First and foremost, to lift that burden from the shoulders of our fellow Americans. The second is to search out and then place a spotlight on others who, like myself, decided to rethink their life and profession and out of whose work major social impact might result.
In my case, I walked into Occupy Wall Street as a debt collector and walked out of Occupy Wall Street as a debt forgiver. My life – and now the lives of over 2,000,000 people burdened with a combined medical debt of $3 billion – has been changed.
What will be the criteria for LRT in choosing people to feature at our website? That measurable and major positive social impact must come out of their work, profession, or venture. Oh yes, and that these visionaries or organizations commit to donating a percentage of the monies we help them raise to a charitable organization or movement of their choice.
If RIP Medical Debt could be brought about by rethinking, you can only imagine what other improvements are out there to benefit us all. Let’s imagine it together. After donating to my campaign, please visit www.LetsRethinkThis.com, and let’s put our heads together and create a better world.
Campaign Support Recipients
- Dina M. just donated $84
- Anonymous just donated $30.97
- Carl B. just donated $35
- Johnny T. just donated $15
- Marion M. just donated $102.77
How RIP Works
Over a hundred million Americans, one in three, struggles with the weight of medical debt.
Here’s how we lift them up.
You make a donation
With every donation, RIP uses its precise data analytics to pinpoint the medical debt of those most in need of relief: households whose income is below twice the federal poverty line or are insolvent.
RIP buys medical debt at a steep discount
Your donations allow us to buy debt in bundles. That allows us to buy debt at a fraction of the original cost. So whatever you donate has 100x the impact.
Together we wipe out medical debt
People receive a letter that their debt is gone. No taxes. No penalties. Just like that, they're free of medical debt.
Yes. We are a 501(c)(3) charity and your donation is 100% tax deductible.
When we purchase a portfolio of medical debt, we abolish debt for individuals who:
- Earn less than 2x the federal poverty level (varies by state, family size).
- Debts are 5 percent or more of annual income.
- Facing insolvency — debts are greater than assets.
We only buy debt that has been pre-qualified by our partners to meet at least one of these three criteria.
We never collect on debt we purchase, only forgive it.
No. With your help, we abolish medical debt permanently. Recipients have no adverse tax consequences, obligations, or strings attached.
For those whose medical debts are forgiven, the forgiveness is a gift from a detached and disinterested third party (RIP) as an act of generosity, so forgiveness of the debt does not count as income to the debtor. We will not file a Form 1099-C with the IRS.
Due to HIPAA laws, RIP Medical Debt cannot disclose the names of the debt relief beneficiaries.
RIP Medical Debt cannot relieve debt by individual request.
While we would love to help everyone who needs assistance, RIP Medical Debt cannot abolish medical debt for specific individuals. We approach the problem of medical debt by acquiring large portfolios of debt to help thousands of people at once.
Because medical debt affects so many people who may not have debt accounts in the portfolios we purchase, we have compiled a list of resources that may be able to help in ways RIP Medical Debt cannot.