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PAC Donation - Informational

PLEASE SUPPORT SMALL BUSINESS INVESTOR ALLIANCE PAC


Individual/Personal Donations

Individuals may donate up to $5,000 to a PAC. However, the individual must certify that:

  • I understand that the Small Business Investor PAC supports candidates in federal elections.
  • I understand that I may refuse to contribute without fear of reprisal.
  • I understand that suggested amounts are only suggestions and that I may give more or less than the suggested amount (up to the limit of $5,000 per person per year).
  • I understand that the amount I give will not personally benefit or disadvantage me.
  • I am a citizen of the United States, or a lawfully admitted permanent resident.
  • I am not personally under contract with the federal government.
  • I am making this contribution in my own name and with my own funds and will not be reimbursed.
  • I affirm the statemenst above are accurate.

If you cannot in good faith make these certifications then do not donate.

PLEASE CLICK HERE TO BE TAKEN TO THE PAC DONATION PAGE


Donations from Partnerships

Partnership Funds may be donated to a PAC with some restrictions;Non-corporate partners may contribute from their personal funds. Contributions can be made from a partnership account, but several special rules apply.

A partnership may contribute funds drawn from the partnership’s accounts (these rules also apply to LLCs that have not elected to be taxed as corporations.) Partnerships may contribute no more than $5,000 per year to the Small Business Investor PAC.

Partnership contributions count not only towards the partnerships contribution limit, but also proportionately against each contributing partner’s $5,000 per year limit to the Small Business Investor PAC.

Partnership contributions must be made with a listing of the names of the contributing partners and the amount to be attributed to each (Use Donor Comment Box).

Corporate partners may not contribute, so no portion of a contribution can be attributed to a corporate partner.

In attributing a partnership contribution to the contributing partners, the partnership may attribute the contribution according to each partner’s share of the partnership’s profits. If the partners agree to a different attribution, or if the contribution is attributed among only certain partners (e.g., if one or more partners must be excluded because they are corporations), the following rules apply—

• The contribution partners’ profits must be reduced (or their losses increased) by the amount of the contribution attributed to them; and

• The profits (or losses) of only the contributing partners must be affected.

EXAMPLE: Growth Investment Partnership ("GIP”) has two individual general partners—John Smith and Mary Adams—and one corporate limited partner—Invest Co. Each partner is entitled to a one-third share of the partnership’s profits. GIP makes a $5,000 contribution to the Small Business Investor Alliance PAC. Because Invest Co. is a corporation and may not contribute, GIP’s contribution must be attributed only to John Smith and Mary Adams. So, GIP sends a check for $5,000 to Small Business Investor Alliance PAC listing Smith and Adams with $2,500 attributed to each. In GIP’s capital accounting records, Smith and Adam's accounts are each debited $2,500; no change is made to Invest Co.’s account.

When donating using partnership funds, the donor(s) must certify:

  • No portion of this contribution is attributable to a corporate partner No portion of this contribution is attributable to a partner who is a foreign national
  • The partnership does not have and is not currently negotiating a contract with the Federal government.
  • A list of partners, their mailing addresses, and the amount attributable to them is attached (Use Donor Comments Box).
  • I affirm the above statements are all accurate.

If you cannot in good faith make these certifications then do not donate.


PLEASE CLICK HERE TO BE TAKEN TO THE PAC DONATION PAGE


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