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 ?
If politically active 527s are treated like political parties, as McCain wants, people completely uninvolved with the lawmaking and campaign fund raising process likely would be judged by McCain-Feingold's "federal election activity" standard designed for political parties, even though the groups are incapable of the quid pro quo corruption the original campaign finance laws were designed to combat.
Specific issues to be addressed are: * What impact did 527s have on the 2004 election * How effective were the messages of the 527s * How did the 2004 election differ from previous elections in terms of 527s * What is the future of 527s
declared the Federal Election Commission "corrupt" for allowing the 527s to buy (legally) radio and TV ads.
The 527s answer to no one - not the candidates, not the parties.
The 527s support candidates with something much, much better than money: TV ads.
Toner and Thomas were attempting to sway their fellow commissioners with a plan that would require 527s to abide by a minimum hard money (meaning contributions that are subject to FEC regulations) percentage of 50 percent when paying for certain public communication and voter drives that promote a particular political party or candidate.
Contributions to 527s, as opposed to 501(c)3s, are not tax deductible on account of their partisan nature.
On the one side are those reformers, led by Democracy 21 president Fred Wertheimer, who think the 527s are in violation of McCain-Feingold and want the FEC to reign them in.
The record is overpowering that 501(c)s are at least as much of a problem as 527s," Smith said.
Van Gosse, organizing director of a 527 called Peace Action, whose Peace Voter Fund was involved in eight congressional races in 2000, says that 527s are a major tool for activists.
Despite Bush's sweeping condemnation of 527s, when his campaign filed a lawsuit in early, September demanding action by the Federal Election Commission (FEC), it focused on anti-Bush groups such as MoveOn.
So far in this campaign, Democratic and Republican 527s like MoveOn and America Coming Together on the left, and the Swift Boat Veterans and Progress for America on the right, have raised upwards of $300 million.