We will occasionally fund raise for one or more specific patients who would otherwise be unable to have Hyperbaric Oxygen Therapy. We encourage family members, co-workers, friends, etc to help spread the word.
Our official policy is as follows:
Our policy for paying for treatment for individuals who would not otherwise be able to obtain hyperbaric oxygen therapy is as follows:
- The Richard A. Neubauer Research Institute is not organized and shall not be operated for the private gain of any person. The property of the corporation is irrevocably dedicated to its educational and charitable purposes. No part of the receipts, or net earnings of the corporation shall inure to the benefit of, or be distributed to any individual. The corporation may, however, pay reasonable compensation for services rendered, and make other payments and distributions consistent with our purpose.
- At the discretion of the board of directors, we may provide goods, services, or funds to individuals in need of assistance who would benefit from individualized Hyperbaric Therapy Education and / or Hyperbaric Oxygen Therapy. The Richard A. Neubauer Research Institute may fund partial or full treatments provided by an accredited Hyperbaric Oxygen Therapy Center that RANRI will negotiate with for the fair market rates at and seek to receive partial or full donations when possible, including services for patient evaluation by a physician, and proper follow-up. Educational materials may also be provided to individuals for low or no cost (e.g. our educational publications and pamphlets, videos, research conducted specific to their individual health condition, etc.). In order to do so, we identify these individuals based on our research and referrals in the field. These individuals will be selected regardless of their religion, race, ethnicity, and age.
The IRS has a strict rule against private inurnment – the transfer of any of an organization’s assets to, or for the benefit of, an individual for a nonexempt purpose. Therefore, individuals may not control any fundraising accounts set-up in their name, nor may they withdraw funds from the “accounts” to use as they wish. The tax-exempt organization must at all times determine how its funds, even funds credited to an individual with respect to their fundraising efforts, are used. And, all funds must be used for the organization’s tax-exempt purposes.
The IRS also prohibits earmarking of contributions. You cannot make a tax-deductible contribution to a tax-exempt organization and earmark or designate the funds donated for the support of a specific individual, you can earmark towards a specific treatment. If one of the current fundraisers is what brought you here, please let us know which one, and we will see that your donation is credited to that person.
1. Individuals understand that the money raised is really the property of the tax-exempt organization; the tax-exempt organization must control the funds and determine what portion, if any, of the amounts raised may be credited to the individuals;
2. All amounts raised are used for the tax-exempt purposes of the organization; the organization, and not the individuals, must determine how the funds are used; and,
3. Individuals may not withdraw funds to use as they wish; individuals who leave the organization cannot take amounts credited to their name with them; the funds stay with the organization to be used for the organization’s tax-exempt purposes.
It is our policy for that any raised funds/donations will only be used for Hyperbaric Oxygen Therapy. Any funds raised and not utilized will be kept in a general fund for other individuals who can benefit from Hyperbaric Oxygen Therapy.