Non Profit organizations are business which is granted tax-exempt status. Also, donations made to these organizations are tax-deductible to the entity that makes it. However, they have to make their operations and financial status open to the public so that the donors know that their contribution has been used effectively. They do not pay any income tax on the money they raise through donations and the money they receive in fundraising. They are also referred to as NPO’s.
Month: January 2020
participate (v.)
1530s, back-formation from participation, or else from Latin participatus, past participle of participare “to share, share in, participate in; to impart,” from particeps “partaking, sharing,” from parti, past participle of partir “to divide” (from Latin partire, from pars “a part, piece,” from PIE root *pere- (2) “to grant, allot”) + Latin -cip-, weak form of stem of capere “to take” (from PIE root *kap- “to grasp”). Related: Participated; participating.
subscribe (v.)
early 15c., “to sign at the bottom of a document,” from Latin subscribere “write, write underneath, sign one’s name; register,” also figuratively “assent, agree to, approve,” from sub “underneath” (see sub-) + scribere “to write” (from PIE root *skribh- “to cut”). The meaning “give one’s consent” (by subscribing one’s name) first recorded mid-15c.; that of “contribute money to” 1630s; and that of “become a regular buyer of a publication” 1711, all originally literal. Related: Subscribed; subscribing.