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.
Over 90{6fdc5abd99715c9a7c3f21319b86ad7eb0c790d538c011e609aacbc97734e90f} of your donation goes toward abolishing debt. The rest goes for expenses like data acquisition and mailing debt forgiveness notices in our yellow envelopes.
No donated funds go toward staff salaries. Benefactors separately fund RIP operations.
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.
The mission of RIP Medical Debt is abolishing $1 billion dollars in personal medical debt. We estimate that raising $14.4 million in donations will allow us to purchase and forgive $1 billion in medical debt.
