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In the United States, a political action committee (PAC) is a tax-exempt 527 organization that pools campaign contributions from members and donates those funds to campaigns for or against candidates, ballot initiatives, or legislation. [1] [2] The legal term PAC was created in pursuit of campaign finance reform in the United States.
In many countries, asset disclosure is not legally required or made public. Only nonprofit foundations are included in this list. Organizations that are part of a larger company are excluded, such as holding companies. The entries are ordered by the size of the organization's financial endowment. [1]
Historically, Musk donated to both Democrats and Republicans, [5] many of whom serve in states in which he has a vested interest, [6] and was a registered independent voter when he lived in California. [7] Beginning in the late 2010s, his political contributions have shifted almost entirely to supporting Republicans. [8]
H.R. 9495 would authorize the treasury secretary to designate nonprofits as supporters of terrorism and strip them of their tax-exempt status.
Donor Total development aid Development aid per capita [citation needed]% of GNI Australia $2.95 billion: $129.92 0.22 Austria $1.21 billion: $137.59 0.27 Belgium $2.18 billion
He has donated about $80,639 per election cycle from 2004-2020, according to the nonprofit OpenSecrets. About 50.1% of that money went to Republican causes, of the $688,350 that went directly to ...
According to a report by the BBC, Mellon typically donates to Republicans but has occasionally contributed to Democrats, including New York progressive Representative Alexandria Ocasio-Cortez's ...
A 527 organization or 527 group is a type of U.S. tax-exempt organization organized under Section 527 of the U.S. Internal Revenue Code (26 U.S.C. § 527).A 527 group is created primarily to influence the selection, nomination, election, appointment or defeat of candidates to federal, state or local public office.