“Sherita J. Herring, a renowned speaker, best-selling author, and business strategist, founded National Nonprofit Day to educate, enlighten and empower others to make a difference, while acknowledging those that are in the trenches, impacting lives every day – the Change-Makers of the World!
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.
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).”