National Nonprofit Day aims to give recognition to the goals and positive impacts that nonprofits have on different communities and people all around the world.

National Nonprofit Day was founded by Sherita J. Herring, an accomplished speaker & author, in 2017 to educate and empower others to make a difference alongside the nonprofits working hard every single day. August 17 was chosen to commemorate the anniversary of the Tariff Act of 1894. This Act imposed the very first federal income tax on corporations and included exemptions for nonprofits and charities. Those tax exemptions remain in effect to this day!

Nonprofits provide services to the underexposed all over the world. Education, healthcare, law services, and construction are just a few of the essential industries where nonprofits provide help. Nonprofits work to ensure that research, aid, and most importantly awareness are spread to those who need it the most.

Did you know?

  • Over 25% of the U.S. population does volunteer work during the year.
  • Research has shown that donations to nonprofits have increased over the last 10 years.
  • Nonprofit donations hit an all-time high in 2017 with over $400 billion given to nonprofits.

It is important to remember that these companies need constant help from those outside their organization to support their cause.  If you’re curious about how you can help or get involved to support nonprofits, here are a few ideas:

  • Spread the word! Tell your friends and family about the holiday, and post on social media using the #NationalNonProfitDay.
  • Donate to the organization. Since they are not for profit, operating margins can be slim at these organizations. Every dollar adds up and can go a long way. Their funding often goes beyond just the mission statement.
  • If you are unable to donate money, donate your time! Many of these organizations are run by volunteers; any hands-on support you can provide will help everyone to make the extra difference.

Nonprofits put in an immense amount of time and effort to make the world a better place. Communities everywhere benefit from the work they do every day. Make an effort to get out and support a nonprofit this summer; they can always use your help!

Are you a nonprofit looking for a new business relationship with your bank? Visit First Bank’s business checking page to see the different accounts we offer!