Chester River Health Foundation Awarded $17,500 Additional Tax Credits
The Chester River Health Foundation has been awarded an additional allocation $17,500 of Maryland state tax credits in support of its efforts to raise $138,000 to fund 10 suites of patient room furnishings at UM Shore Medical Center at Chestertown.
The credits were awarded by the MD Department of Housing and Community Development (DHCD) and must be sold by December 31, 2018.
“The Community Investment Tax Credit Program has afforded the Foundation the opportunity to forge new and renewed relationships with people and businesses in our community,” says Maryann Ruehrmund, CFRE, executive director. “The program has helped fund many projects here including the 3-D mammography with tomosynthesis, two resuscitation rooms and a new, vital signs monitoring system in the emergency department, all-new IV pumps for the inpatient units and next year, will help us raise funds for a new chemistry analyzer for the laboratory.”
“Nearly every patient receiving care at UM Shore Medical Center at Chestertown has benefitted from this program,” Ruehrmund said.
The tax credits are offered to individuals and businesses making a gift at the $1,000 level and above and are available on a first-come, first-served basis. The credits offset any Maryland state tax owed on a fifty percent (50%) basis meaning, a $1000 donation would earn $500 of actual state credits.
“The credits are offered in addition to any deduction taken for making a charitable gift,” says Ruehrmund. “And I encourage anyone who is interested to contact me as soon as possible, as the credits will sell fast.”
For more information or to secure an allocation of credits before they are sold out, please contact the Foundation at 410-810-5660.