The Texas County Memorial Hospital Healthcare Foundation’s “Care for Your Future Capital Campaign” received $20,000 from the MFA Oil Foundation.
Joe Case, district sales manager for MFA Oil, presented the check to the healthcare foundation and expressed appreciation on behalf of MFA Oil for the investments made by TCMH in healthcare infrastructure in the county.
“We are glad to see the progress at TCMH with the new construction,” Case said.
The MFA Oil Foundation seeks to provide support to nonprofit organizations to improve communities where MFA Oil has a significant concentration of members and employees. Since its inception, the MFA Oil Foundation has awarded more than one million dollars in grants.
“Rural communities are the foundation of our business,” said Mark Fenner, president and chief executive officer of MFA Oil. “Our foundation awards help support organizations that are solving community problems and improving the quality of life.”
The MFA Oil Foundation was able to take advantage of tax credits available from the Missouri Development Finance Board (MDFB) to benefit the “Care for Your Future” campaign.
The healthcare foundation has been working to raise an additional $500,000 for the new FEMA tornado safe room and community meeting room with the assistance of the 50 percent state tax credits awarded by the MDFB.
The healthcare foundation has until December 2015 to allocate all of the tax credits. Donors may use the tax credits in combination with the standard federal and state charitable gift deductions to further reduce their potential tax liability. The tax credit opportunity allows a donor to invest their tax dollars in a local community project.
“The tax credit program is another way for the healthcare foundation to provide a tax deduction for area businesses and individuals while adding to the healthcare infrastructure in our county,” TCMH’s Jay Gentry said. “We are happy that the MFA Oil Foundation was able to benefit from this program.”
The tax credits give donors the opportunity to receive the traditional federal income tax benefit as well as a Missouri tax credit.
Wes Murray, chief executive officer at TCMH, said many hospital employees utilize MFA Oil in the communities throughout Texas County and the surrounding area. Additionally, MFA Oil has provided propane to TCMH by proving the lowest bid for propane in the past.
“We are excited and proud to have MFA Oil participating in our vision for the future of healthcare in Texas County,” Murray said.
For additional information about the TCMH Healthcare Foundation and the “Care for Your Future” campaign or tax credits, contact Gentry, foundation director, at 417-967-1377 or jgentry@tcmh.org.