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ExpressTaxExempt Blog

Friday, February 12, 2016

February 16th Deadline: President's Day

Whether you’re on a calendar year or a fiscal tax year, the 15th day of the 5th month after your financial year ends is deadline day! For those organizations whose tax years ended in September, February 15th is the deadline for your nonprofit organization. But since it is a Federal holiday, the deadline is now February 16th.

Wait, it’s a holiday? Well, yeah, it’s George Washington’s birthday! Since it is recognized as a Federal holiday, the IRS will be closed that day. Of course, some people refer to this holiday as President’s day, but it’s technically known as Washington’s Birthday. Since President Lincoln’s birthday is also close, some groups have expanded the holiday to recognize both presidents. Regardless, your deadline has moved!

While we have no desire to get political over here, we can take a look at how these Commander-in-Chiefs gave back to their communities. What are some of the philanthropic efforts of our former presidents? Most presidents go on to serve their fellow Americans after their terms end. Even in office, some Presidents donated their salaries to charity, including Presidents John F. Kennedy and Herbert Hoover.


The March of Dimes

Franklin D. Roosevelt founded the March of Dimes, originally as the National Foundation for Infantile Paralysis. The annual campaign sought to raise funds to fight polio, which Roosevelt himself had, and became synonymous with the President during his term.

The Carter Center

After leaving the White House, President Jimmy Carter started this charity with his wife. This organization helps to improve the living conditions of people in more than 70 countries. Carter has also supported Declare Yourself, Heifer International, and Habitat for Humanity.

Points of Light

Founded in 1990 as the Points of Light Foundation by President George H. W. Bush, Points of Light aims to inspire, equip, and mobilize citizens and promote the spirit of volunteerism. Points of Light aims to pair volunteers with nonprofits throughout many cities, allowing for a network of giving to operate.

The Clinton Foundation

With his two terms completed, President Clinton set out to still contribute to the world and started the Clinton Foundation. With a mission of decreasing poverty, improving health, and protecting the environment, the Clinton Foundation does this by pairing with governments, businesses, and NGOs. In addition, President Clinton teamed up with President George W. Bush to start the Clinton Bush Haiti Fund.

Can you take a page from the Presidential handbook and help your fellow Americans? We think you can -- go for it and start your own nonprofit! And when you need to e-file your Form 990, accept the best and file with ExpressTaxExempt! If you have any questions about e-filing, reach us by live chat, phone, or email.

What’s your favorite bit of presidential trivia? Let us know in the comments!


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