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The no corporate PAC pledge is a pledge taken by some politicians in the United States to not accept political donations from corporate political action committees (PACs). The rejection of corporate PAC money can increase grassroots support for a candidate.
If an organization is to qualify for tax exempt status, the organization's (a) charter — if a not-for-profit corporation — or (b) trust instrument — if a trust — or (c) articles of association — if an association — must specify that no part of its assets shall benefit any people who are members, directors, officers or agents (its principals).
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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.
Menendez has set up a legal defense fund that raised $469,500 from the middle of July 2023 through the end of the year, of which he spent $373,223 in that same span, including $294,464 paid to ...
The group devoted 84% of its spending to Trump's legal ... the campaign’s money has gone or will go to pay legal fees,” he ... While candidates can accept a maximum donation of $3,300, under ...
The program allows city candidates who qualify to have their donations matched by public funds. The first $50 will be matched 6:1 by the city, meaning that a donation of $50 would be worth $350 to a candidate and a $100 donation would be worth $400 to a candidate. [21] In order to qualify, candidates must meet several conditions:
Former U.S. President Donald Trump's main fundraising group, known as a leadership PAC, on Monday reported spending more than $21 million on legal fees in the first half of 2023 amid ...