NATIONAL NONPROFIT DAY
Somewhere a volunteer reads to school children; a patient receives steady medication; a lawyer provides legal services for low-income individuals; a nonprofit funeral home buries a lost soul; or a first-time homebuyer is moving into his own home. On August 17, National Nonprofit Day (NND) reminds us that each of these scenes is possible because of the nonprofit sector and the work performed by capable men, women and organizations.
NND recognizes more than nonprofits’ primary altruistic goals (awareness, research, and aid); it also acknowledges the added positive impacts they have on communities and the world.
For example, following the recent U.S. recession, in 2012 the nonprofit sector provided 5.4% of the nation’s entire GDP (gross domestic product), or $887.3 billion; continuously employing nurses, web developers, lawyers, computer engineers and more (sources: John Hopkins and Tactical Philanthropy Advisors reports).
HOW TO OBSERVE
Take some time to learn more about nonprofits. Understanding that the funding for these organizations often satisfies more than the mission statement will help us see the benefits of supporting nonprofit organizations. Visit www.kifoundation.org to find out more and use #NationalNonprofitDay to share on social media.
The Tariff Act of 1894 signed into law on August 17, imposed the first federal income tax on corporations, which included exemptions for nonprofit corporations and charitable institutions. With a few modifications, nonprofit exemptions remain a solid part of the law and have served significant benefits, both for communities and the economy.
The Registrar at National Day Calendar declared National Nonprofit Day to be observed annually in 2017.
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