SOMERSWORTH—
Avis Goodwin Community Health Center (AGCHC) today announced it recently received a $20,000 donation from Logical Innovations LLC. This is the first large donation to make use of the organization’s new Tax Credit Program which will give companies like Logical Innovations a seventy-five percent or in this case, a $15,000 state tax credit on the donation.
“This was a decision that made excellent business sense for our company and also allowed us to make sure that our tax dollars are used to promote a cause we strongly believe in— providing quality health care for the uninsured and underinsured population in our community,” said Michael Thompson MD. “We would strongly encourage other businesses or individuals to make a contribution. If you pay New Hampshire taxes, the tax credit allows you to essentially direct your taxes towards better healthcare within your own community.”
In October 2009, the Community Development Finance Authority (CDFA) awarded Avis Goodwin Community Health Center $600,000 in tax credits to consolidate its four locations into a new 28,500 square foot facility to be constructed in Somersworth with easy access to public transportation. With the additional square footage they will be able to hire two additional medical providers, add a sixth dental operatory, and add 48 hours of mental health specialist staff time. As a result they will be able to provide medical care for an additional 3,000 patients and dental care for 500 new patients, many of whom are un- or under-insured.
The nonprofits that are awarded state tax credits are responsible for raising donations in the amount of their tax credit award from for-profit businesses that have a New Hampshire state tax liability. The Tax Credit Program enables businesses to invest cash, securities, or real property to fund CDFA-approved projects in exchange for a 75% state tax credit that can be applied against the New Hampshire business profits, business enterprise, and insurance premium taxes. For instance, a business donating $10,000 to CDFA on behalf of an approved project will receive a tax credit in the amount of $7,500. The donation is also eligible for treatment as a federal charitable contribution.
Logical Innovations, LLC is a company which is dedicated to helping physicians, nurses and medical support staff using electronic medical records (EMR) to provide superior patient care. They develop and market software to customize content for Centrictiy® EMR marketed by GE Healthcare. They also provide consulting services related to development of forms for the EMR that can enhance patient care by providing decision support for physicians as they see patients. They have users throughout the United States and also in Canada. Logical Innovations, LLC is owned by Michael Thompson, MD and Ker Thompson. Michael Thompson, who developed the Visual Form Editor software program, is also a family physician practicing at Avis Goodwin Community Health Center.
To find out more about making a donation to AGCHC through the Tax Credit Program, contact Renee Allen, 603.516.2566, rallen@agchc.org.
Avis Goodwin Community Health Center (AGCHC) today announced it recently received a $20,000 donation from Logical Innovations LLC. This is the first large donation to make use of the organization’s new Tax Credit Program which will give companies like Logical Innovations a seventy-five percent or in this case, a $15,000 state tax credit on the donation.
“This was a decision that made excellent business sense for our company and also allowed us to make sure that our tax dollars are used to promote a cause we strongly believe in— providing quality health care for the uninsured and underinsured population in our community,” said Michael Thompson MD. “We would strongly encourage other businesses or individuals to make a contribution. If you pay New Hampshire taxes, the tax credit allows you to essentially direct your taxes towards better healthcare within your own community.”
In October 2009, the Community Development Finance Authority (CDFA) awarded Avis Goodwin Community Health Center $600,000 in tax credits to consolidate its four locations into a new 28,500 square foot facility to be constructed in Somersworth with easy access to public transportation. With the additional square footage they will be able to hire two additional medical providers, add a sixth dental operatory, and add 48 hours of mental health specialist staff time. As a result they will be able to provide medical care for an additional 3,000 patients and dental care for 500 new patients, many of whom are un- or under-insured.
The nonprofits that are awarded state tax credits are responsible for raising donations in the amount of their tax credit award from for-profit businesses that have a New Hampshire state tax liability. The Tax Credit Program enables businesses to invest cash, securities, or real property to fund CDFA-approved projects in exchange for a 75% state tax credit that can be applied against the New Hampshire business profits, business enterprise, and insurance premium taxes. For instance, a business donating $10,000 to CDFA on behalf of an approved project will receive a tax credit in the amount of $7,500. The donation is also eligible for treatment as a federal charitable contribution.
Logical Innovations, LLC is a company which is dedicated to helping physicians, nurses and medical support staff using electronic medical records (EMR) to provide superior patient care. They develop and market software to customize content for Centrictiy® EMR marketed by GE Healthcare. They also provide consulting services related to development of forms for the EMR that can enhance patient care by providing decision support for physicians as they see patients. They have users throughout the United States and also in Canada. Logical Innovations, LLC is owned by Michael Thompson, MD and Ker Thompson. Michael Thompson, who developed the Visual Form Editor software program, is also a family physician practicing at Avis Goodwin Community Health Center.
To find out more about making a donation to AGCHC through the Tax Credit Program, contact Renee Allen, 603.516.2566, rallen@agchc.org.
