527 Organization

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527 Organization

A tax exempt organization in the United States dedicated to supporting or opposing candidates for political office or advocating or opposing certain issues. For example, a 527 organization may be formed to campaign for or against banking regulation. Unless a 527 promotes or denigrates a specific candidate, there are no limits on its contributions or spending. However, 527s must publish the names of their contributors as well as the donations they make.
References in periodicals archive ?
28, 2012 /PRNewswire-USNewswire/ -- "Mitt Romney is the architect of Obamacare," said Jefferson George, the president of American Right To Life Action, a conservative 527 group.
Special Operations for America is registered as a 527 group, meaning it can accept unlimited amounts of money from contributors.
Americans for Rick Perry is an independent 527 group and by law can't be affiliated with a Perry presidential campaign.
Swift-boating: During Senator John Kerry's bid to unseat President Bush in 2004, a 527 group (see 527s) called Swift Boat Veterans for Truth ran ads trying to discredit Kerry's Vietnam War record.
But the law has gaps, as the so-called 527 group of tax-exempt organizations can donate millions.
Former state House Co-Speaker Richard Morgan, a Republican whose district include affluent Pinehurst, has filed an election complaint against a 527 group financed by former state Rep.
Citizens for Better Medicare, also a 527 group (and an arm of the pharmaceutical lobby), spent $65 million on television, radio and newspaper ads in the same cycle.
During the campaign, Thrasher was attacked in ads paid for by the 527 group "Stop Tax Waste.
The new Republican-In-Name-Only GOP is reduced to being the conservatives who want to save social programs created by liberals," said George, head of the 527 group.
Unity08 itself, by the way, is set up as a 527 group that can get as much big money as anyone cares to give it.
The polls had the presidential contest neck-and-neck when the Swift Boat Veterans for Truth, a 527 group, broadcast a spot (dubbed "Any Questions") in Ohio, West Virginia and Wisconsin.
The Chamber also supported The November Fund, a 527 group that raised public awareness in Iowa, West Virginia, Ohio, and New Mexico about the dangers of the growing political influence of the trial bar.