LMI Applies for 501(c)3 to IRS
On 01/19/18, The Loving Mind Institute, Inc. submitted its 1023 to the IRS for 501(c)3 status as a public charity. This is an essential step in establishing LMI as organization serving the public. 501(c)3 status will allow LMI to receive donation and raise funds under tax-exempt status, the standard for non-profit charities. As a public charity LMI can receive support from a broad range of resources, including the general public, private foundations, other public charities, government, and corporations. The process can take 2-6 weeks and we look forward to our approval.
About the Loving Mind Institute
The Loving Mind Institute (LMI), Inc. is a national non-profit organization dedicated to advancing biomedical research and scientific initiatives in mental illness and addiction. Mental illness and addiction are devastating to patients, friends, family, and to society as a whole. The numbers are staggering. 1 in 6 American adults (44.7 million) live with a form mental illness from mild to severe, and 10.4 million suffer from a severe form of mental illness. In 2014, approximately 21.5 million people aged 12 and older had a substance use disorder in the past year. To address this public health crisis, LMI coordinates scientific and educational campaigns aimed at improving medical and therapeutic outcomes for affected populations. Towards this aim, LMI will fund biomedical research and other targeted scientific initiatives that fundamentally improve our knowledge and treatment of these conditions. As part of our scientific initiatives outreach, LMI utilizes print, social media, and digital tools to translate scientific progress and treatment information to the community.
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