What if you gave $10 for a good cause, and you received $7 back as a tax credit? All of a sudden, you’re out only $3, but the good cause will reap the full gift.
That will be the rate of return for gifts made to the new Allen County Hospital through an 18-month gift-giving program funded by the Kansas Department of Commerce.
Iolans Karen Gilpin and Mary Ann Arnott and John Robertson of Thrive Allen County wrote the proposal for the tax credit grant. They learned Friday of their success.
“It’s huge,” Gilpin said of what it can mean for the hospital’s Uniting for Excellence campaign to raise funds to buy equipment for the new hospital.
Almost 80 proposals were submitted for the tax credit program. Of those, only 27 were funded — none for their original amounts.
“We will receive $190,000, a cut from the $250,000 we asked for,” Gilpin said.
If the other recipients don’t completely use up their funds, they can be directed to the hospital’s efforts, Gilpin said.
