Hawks’ Trae Young Cancels More Than $1 Million in Medical Debt for Atlanta Residents
Trae Young's leadership isn't limited to putting up 40-point triple-doubles for the Atlanta Hawks or pacing Eastern Conference guards in All-Star voting. The second-year point guard recently relieved a random selection of the city’s residents of more than $1 million in combined medical debt.
Through The Trae Young Foundation, the University of Oklahoma product donated $10,000 to RIP Medical Debt, a non-profit that eliminates past-due medical bills by purchasing debt from a secondary debt market at a lower rate. On average, RIP Medical Debt is able to alleviate $100 worth of debt for every $1 donated.
In Trae’s case, the dollars went a bit further than that. RIP Medical Debt was able to eliminate $1,059,186.39 in bills for residents in the greater Atlanta area with the $10,000 he gave. All told, the savings amounted to an average of $1,858 for each of the 570 recipients, who were among the city’s neediest based on income that’s two times below the federal poverty line, debt levels at or above five percent of gross annual income and/or overall insolvency.
“The city of Atlanta has welcomed me with open arms,” Trae said in a statement. “Giving back to this community is extremely important to me. I hope these families can find a bit of relief knowing that their bills have been taken care of as we enter the New Year.”