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 ?
The 527s present Congress with the same corruption concerns that
Among the best-known 527s are MoveOn.org, dedicated to defeating George W.
The largest flows of money through the campaign finance sewer now pass through political party structures, state and national, and through independent committees, so-called "527s," after the provision in the McCain-Feingold "reform law" that lets these organizations accept unlimited contributions.
Criticism of the pro-Republican "Swifties" by liberal partisans prompted retaliatory criticism of pro-Democrat 527s such as MoveOn.org and other similar groups bankrolled by billionaire leftist investor George Soros.
Contributions to 527s, as opposed to 501(c)3s, are not tax deductible on account of their partisan nature.
I've shot a number of 7.62x39mm chambered CZ 527s over the years and while all performed well, none really stood out.
Let me say this, I'm against 527s. I think they've hurt a lot of good, decent people.
Receipts and Disbursements by Federal-Related 527s: 2000-2004 (dollars in millions) Receipts Election Total Democratic- Republican- Cycle Spending Total oriented 527s oriented 527s 2000 $89.6 $62.3 $40.6 $21.7 2002 $194.9 $184.9 $105.5 $78.4 2004 $424.8 $421.4 $265.0 $154.1 Source: PoliticalMoneyLine, "key groups" (those that were clearly federal-election related) identified from IRS filings [http://www.tray.com/cgi-win/irs_ef_527.exe?DoFn=&sYR=2000], site visited Mar.
Can the 527s repeat their 2004 efforts--but to a more positive effect?
This bipartisan legislation requires all "527s" to register with the Federal Election Commission (FEC) as political committees and thus abide by the source and size limitations that apply to all other political committees.
Yet the agenda for this presidential campaign has in many ways been dictated by much-demonized "527 groups" such as Swift Boat Veterans for Truth and MoveOn.