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 ?
affiliated [section] 527 group, (43) they were, until recently, required
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.
Ellen Miller, cofounder of the Sunlight Foundation, points out that American Solutions is constituted as a 527 group, and the "only reason to have a 527 is to have a potential political springboard.
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.
During the 2004 presidential race, Fox donated $50,000 to Swift Boat Veterans for Truth, a 527 group that tried to discredit Senator John Kerry's military service in Vietnam.
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.
154) See Cheryl Bolen, Senate Passes McCain Amendment to Require Section 527 Group Disclosure, 343 Money & Pol.
During the campaign, Thrasher was attacked in ads paid for by the 527 group "Stop Tax Waste.
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.