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PACs: The Importance of Association Political Involvement

PACs: The Importance of Association Political Involvement. What is a PAC?. Why Have PACs?. Corporations and associations are prohibited from directly contributing to federal candidates – but they may operate a PAC.

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PACs: The Importance of Association Political Involvement

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  1. PACs: The Importance of Association Political Involvement

  2. What is a PAC?

  3. Why Have PACs? • Corporations and associations are prohibited from directly contributing to federal candidates – but they may operate a PAC. • A PAC is strictly regulated by the FEC and only allows for voluntary, individual contributions under stringent guidelines for participation. • A PAC is a legal, transparent and federally monitored means of expressing united interests with one powerful voice. A PAC is power in numbers. NAIFA is 30,000 strong.

  4. PACs and supporting candidates are the only things an association cannot do for itself and for which it relies on its members and employees for support. Why PACs? Thank you to the more than 8,000 members that contribute!!

  5. Why Have PACs?

  6. PACs in 2017 There are more than 4,000 connected PACs in the United States (connected to an association, labor organization or corporation).More than half are corporate PACs. PACs contributed $473.3 million to federal candidates in the 2016 election cycle ($466.3 million in the 2014 cycle). NAIFAPAC contributed over $2.3 million

  7. Super PACs and Association PACs An association’s PAC is not a super PAC. Super PACs are: • Individual and corporate money spent on uncoordinated ads and communications • Super PAC money is not contributed directly to candidates The only entities that can give to candidates are individuals and PACs connected to organizations. FACT

  8. The Truth About PACs • Facts About PACs • PACs are an offensive measure in government affairs efforts • PACs help elect the right people to office • PACs are a tool to build relationships with candidates • PACs get more Americans engaged in the political process • PACs enable your company to be a visible player • PAC Myths • PACs buy elections/votes: Every PAC has the same $5,000 contribution limit • PACs are dirty: PACs are not only legal, but highly regulated • PACs are a slush fund: PACs go through a well-defined budgeting process • to allocate funds

  9. Benefits of the PAC Individual • Access to process • Information source • Gifts/recognition • Special events • Political involvement • Election resources Association • Proactive measure • Supplements government relations efforts • Helps elect the right people • Assists association to be a visible player in DC • Promotes good government and civic engagement

  10. Where Does the PAC Fit?

  11. Your Career Protection Insurance   www.naifa.org/ifapac

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