Project Jubilee - A Campaign to Relieve Distressed Medical Debt - RIP Medical Debt

Help Abolish Medical Debt Today

Every dollar you donate forgives $100 in Medical Debt

$307.98
raised of $10,000 goal
3%
Campaign Created BySynod of Mid America

Project Jubilee

A Campaign to Relieve Distressed Medical Debt

Sponsored by the Synod of Mid America, Presbyterian Church, (U.S.A)

The Synod of Mid America is cooperating with RIP Medical Debt,
Inc., a non-profit agency dedicated to distressed medical debt
acquisition and forgiveness. This campaign will begin September
15th and run through November 1st, 2022. The Synod will match
funds raised, dollar for dollar, up to $10,000.

FAQs

How can I donate?

We encourage you to donate through your church or church group; get others to join in the campaign! Churches, groups and individuals can donate right here on the SoMA Project Jubilee campaign page, or by mailing a check with the church/group information to: 28-07 Jackson Avenue, 5th Floor, Long Island City, NY 11101. Be sure to make checks payable to RIP Medical Debt and note “SoMA Project Jubilee” in the memo section so that your donation is credited to the right campaign.

Who benefits, and can my medical debt be relieved?

RIP Medical Debt screens the available portfolios of distressed medical debt on the open market based on debtor profiles, specifically:

  • Individuals who earn at or less than 4 times the federal poverty level
  • Individuals with financial hardship (5% or more of annual income going to out-of-pocket medical bills)
  • Individuals who are insolvent (debts greater than assets)
  • Individuals who meet these criteria cannot apply for relief since their debts may not be available for purchase on the open market.

What is RIP Medical Debt, and why are we working with them?

RIP Medical Debt, Inc. is a non-profit organization founded in 2014 by two former debt-collection executives to remove the burden of medical debt for individuals and families across America. RIP Medical Debt has received a Platinum Transparency Level certification from Guidestar.org for their financial and governance practices. They have worked with a number of individual congregations throughout our Synod in previous smaller-scale and successful campaigns to relieve distressed medical debt.

How will the money raised be used?

RIP Medical Debt will use funds raised by the Project Jubilee campaign to purchase distressed medical debt portfolios on the open market. Initial amounts will focus on debt sited within the Synod’s bounds, encompassing the states of Kansas, Missouri, and our six counties of southwestern Illinois. Amounts raised that exceed the amount of the available portfolios from our region will be used to relieve debt nationally.

How will we know how our contribution is used?

Debt acquisition is expected to cost approximately $1 for every $100 of available debt. After the debts are acquired and forgiven, churches and groups donating to the Project Jubilee will be provided with county breakdowns of total dollar amounts of debt forgiven and number of debtors whose debts have been relieved

Campaign Support Recipients
Missouri, Kansas, and Illinois
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$307.98
raised of $10,000 goal
3%
  • Recent Donations
  • Donor Avatar
    Kenneth A. just donated $50
  • Donor Avatar
    Anne S. just donated $51.49
  • Donor Avatar
    Karen B. just donated $51.49
  • Donor Avatar
    Mark R. just donated $50
  • Donor Avatar
    Aline R. just donated $100
    Such a worthy cause! Thank you, SOMA!
  • Donor Avatar
    Luis De La R. just donated $5

Fundraise for This Campaign

Start a fundraiser to help those in need. Set a personal fundraising goal and track online donations easily with RIP.

How RIP Works

Over a hundred million Americans, one in three, struggles with the weight of medical debt.

  • You make a donation

    We use data analytics to pinpoint the debt of those most in need: households that earn less than 4x the federal poverty level (varies by state, family size) or whose debts are 5% or more of annual income.

  • RIP buys medical debt at a steep discount

    We buy debt in bundles, millions of dollars at a time at a fraction of the original cost. This means your donation relieves about 100x its value in medical debt.

  • Together we wipe out medical debt

    People across the country receive letters that their debt has been erased. They have no tax consequences or penalties to consider. Just like that, they’re free of medical debt.


Frequent Questions

Yes. We are a 501(c)(3) charity and your donation is 100% tax deductible.


Relevant Documents:

When we purchase a portfolio of medical debt, we abolish debt for individuals who:

  • Earn less than 4x the federal poverty level (varies by state, family size).
  • Debts are 5 percent or more of annual income.

We only buy debt that has been pre-qualified by our partners to meet at least one of these criteria. 

We never collect on debt we purchase, only relieve 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 relieved, the relief is a gift from a detached and disinterested third party (RIP) as an act of generosity, so relief 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, contact information or any other specific details 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.

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