By: Kyle Daniels
Atlanta Hawks point guard Trae Young has made a big name for himself as a star Rookie in the NBA.
Last week, Young showed love to his new city by making a donation through his charity organization, The Trae Young Foundation. His gift helped wipe out over $1M in medical debt for nearly 600 low-income residents in Atlanta.
He partnered with RIP Medical, a nonprofit that was started in 2014 by two former debt collectors. The company uses donated funds to purchase portfolios of bundled medical debt on the secondary debt market for pennies on the dollar.
Because of this amazing service, Young’s $10,000 donation was enough to wipe out $1,059,186.39 in unpaid medical debt for 570 Atlanta residents. The targeted residents were at least two times below the federal poverty level and/or had debt of 5% or more of their gross annual income.
After being drafted in 2018, the 21-year old talent soon founded the Trae Young Foundation. It was formed with the goals of continuing education for mental health problems, particularly cyber and social media bullying.
“The city of Atlanta has welcomed me with open arms,” Young said in a statement Wednesday. “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.”