Stillwater Medical Center Foundation ending Stillwater Strong fund – ocolly.com : News Stillwater Medical Center Foundation ending Stillwater Strong fund
Efforts to raise money for the Stillwater Strong fund are ending, and a local nonprofit has been told to distribute the money to avoid future image issues, the director of the nonprofit said.
The Stillwater Medical Center Foundation has raised about $485,000 in the past four months to financially assist the victims of the Oklahoma State homecoming parade crash Oct.
He said the money in the fund will most likely be dispersed by the end of March, but 41 crash victims must pay taxes on the money because of how the foundation is dispersing the funds.
Petty said the foundation didn’t want any “lingering effects” from holding onto the money, referencing public image issues associated with the Oklahoma City Bombing Memorial fund.A
The Oklahoma City Community Foundation has been criticized for not disbursing the remaining money in its funds to bombing victims.
The money will be treated as income, and Petty said the foundation canat disperse the money until W-9 forms are returned.
The Stillwater Medical Center Foundation provides support for Stillwater Medical Center-sponsored community health programs and oversees the hospitalas use of grants, according to the foundationas IRS tax form.
The Stillwater Strong fund committee decided to separate the victims into three categories, Petty said.
His stepson, Mark McNitt, said Schmitzas medical bills are nearing $1 million, and that the money from the fund will essentially be a adrop in the bucketa in the long run.A
aDisaster response groups will start raising (money) specifically for a disaster and then when the money is gone, shut it down,a Trowler said.
Nancy Anthony said if the disbursement was based on an expense such as a medical bill a victim had, the money wouldnat be deemed taxable.
John Medical Center in Tulsa said the money from the fund would help her pay almost all her medical bills.
The foundation is paying legal fees for advice sought on overseeing the fund, Petty said.
