Frequently Asked Questions
|What is a PAC?
How much money can individuals give to NAMBPAC?
How much money can NAMBPAC give to federal candidates?
Is my contribution tax deductible?
How can I contribute to NAMBPAC?
A political action committee (PAC) is defined by the Federal Election Commission (FEC) as a separate segregated fund formed by a corporation, labor union, or association to raise money for political activity (1). Funds may be gathered voluntarily from members, employees or shareholders. FEC established under federal law regulates PAC’S. In 1971, Congress passed the Federal Elections Campaign Act, instituting more disclosure requirements for federal candidates, political parties and political action committees. There are two types of PACs: an individual political committee and a multi-candidate committee. NAMBPAC is an example multi-candidate committee, meaning it has more than 50 contributors, has been registered with the FEC for at least six months, and has made contributions to at least five candidates for federal office. For more specific information regarding political action committees, please visit www.fec.gov.
The Federal Election Commission has set limits on how much an individual may contribute to a political action committee. Individuals can give up to $5,000 a year to any given PAC. In addition, individuals can also contribute $1,000 for any candidate running for office.
NAMBPAC may give $5,000 to each candidate for the general election and for a primary. According to the Federal Election Commission, election cycles for the U.S. House of Representatives are considered in two year cycles and for the U.S Senate six year cycles. NAMBPAC may give a total of $10,000 to federal candidates each election cycle. NAMBPAC has no limits on how many candidates it can give to.
No. Contributions to NAMBPAC are not tax deductible.
You may contribute to NAMBPAC via check or credit card. Cash can be accepted in small amounts under $50. For record keeping reasons NAMBPAC would appreciate check or credit card donations. Checks must be from personal accounts. Corporate checks will not be deposited into our multi-candidate account. Those checks will be deposited into NAMBPAC’s non-fed account to help defray the administrative costs of operating NAMBPAC.
If you have additional legal questions you may refer to the FEC's Campaign Guide for Corporations and Labor Organizations.
(1) Federal Election Campaign Guide For Corporations and Labor Organizations. June 2001. (http://www.fec.gov/pdf/colagui.pdf)