ARCHIVE

  • Last modified 2593 days ago (Aug. 18, 2011)

MORE

St. Luke Foundation out of tax credits

Staff writer

The St. Luke Hospital Foundation has distributed all of the $250,000 worth of tax credits it received, foundation executive director Mike Norris said. With the tax credits, those who donated funds to the foundation received 70 percent of contributions back in the form of tax deductions.

Norris thanked contributors and said the credits may be available next year.

The foundation is still raising funds for the hospital construction project that will be used to purchase equipment. The foundation is less than $100,000 away from reaching its goal of $1.25 million raised.

The foundation already made a payment of $87,000 to the hospital, which went toward a purchase of a telemetry machine and three patient beds costing $4,000 each, St. Luke Chief Financial Officer Bev Reid said.

The new equipment will bolster the hospital renovation project, which is scheduled for completion in October.

“Everything raised will go toward the hospital and new equipment,” Norris said.

Last modified Aug. 18, 2011

Quantcast