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First Port City Bank contributes $10,000 to Donalsonville Hospital through Georgia HEART

Pictured above, Dr. Craig Lenz, OB/GYN; Heather Smith, RN, Patient Liaison; Nancy Jernigan, First Port City Bank, Executive Vice President; Brad Thompson, First Port City Bank Director; and James Moody, Donalsonville

Hospital CFO, stand together to present the bank’s $10,000 Georgia Heart 2021 contribution

First Port City Bank gave $10,000 to Donalsonville Hospital through the Georgia HEART Rural Hospital Tax Credit Program for 2021. Donalsonville Hospital has been serving Donalsonville, Georgia community for the past 103 years, providing quality healthcare close to home for its residents. 

Georgia’s rural hospitals have been facing a financial crisis for years due to demographic, economic, and industry challenges. The COVID-19 pandemic has imposed a whole new set of unique challenges on the state’s rural hospitals. The Georgia HEART Hospital Program administers the Rural Hospital Tax Credit, which was enacted by the Georgia General Assembly in 2016 to increase rural hospital funding and to further the hospitals’ ability to care for the thousands of Georgians who live in the communities they serve.

“The generous financial support from First Port City Bank will go a long way in helping our hospital make important and necessary improvements so that we can offer the best care for our patients,” stated James Moody, Chief Financial Officer “Specifically, improving and updating technology and our infrastructure.”

Through HEART, Georgia taxpayers can make contributions in exchange for a 100% state income tax credit, up to specified limits, to qualified rural hospitals of their choice. “C” Corporations and Pass-Through Entity business owners who participate may also qualify for an additional federal business expense deduction. Essentially, individuals and businesses have the unique opportunity to pay their state income taxes – an expenditure they are required to make anyway – through contributing to rural hospitals.

“Our company is proud to participate in the Georgia HEART program and we are committed to doing our part to advance access to quality care for Georgians who live in rural communities,” said Nancy Jernigan, First Port City Bank Executive Vice President “We are pleased to support Donalsonville Hospital and hope that other companies join us in ‘taking HEART’ for their local rural hospitals. This program is a win-win for local businesses.”

Currently, 54 rural hospitals are qualified to receive these tax credit-eligible contributions from individuals and businesses across the state. Georgia taxpayers who are interested in participating in the HEART program are encouraged to visit www.georgiaheart.org to learn more and to submit an online 2022 HEART tax credit application.

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