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Message
re: Large Companies Asking Employees for PAC Donations
Posted on 5/12/17 at 11:45 am to AggieDub14
Posted on 5/12/17 at 11:45 am to AggieDub14
quote:
If corporate dollars can't go to the PAC then how can they match my donation? And how can they legally refer to it as charitable?
Because the charitable match, as it's called, is literally just a charitable corporate contribution to an IRS-qualified charity organization. The money is not going to the PAC or (directly or indirectly) to a candidate; rather, it's going to the charity.
A company can decide to make a charitable contribution for many reasons. Maybe they want to help a cause, maybe they like the publicity they receive for giving, maybe the CEO likes a particular charity or cause. All valid and legal reasons for a company to make a contribution to charity.
So too is a decision by the company to contribute corporate dollars to a charity in order to help motivate its employees to join the PAC.
And many employees like the charitable match because they get to be the cause of a donation being made to a charity they like. Their decision to join the PAC allows money to be directed to the charity and the employee doesn't have to spend any money - the company makes the contribution.
Win for all: 1) the PAC collects money, 2) the PAC funds are used to support candidates that favor the company's issues, 3) the employee helps his/her company and the charity, and 4) the charity gets contributions.
This post was edited on 5/12/17 at 11:56 am
Posted on 5/12/17 at 11:49 am to DallasTiger
So if I donate $100, they are saying they will give $100 to a charity. I was under the impression they were going to give $100 to the PAC and call it a charitable match. Guess I got that wrong.
Posted on 5/12/17 at 11:59 am to AggieDub14
quote:
So if I donate $100, they are saying they will give $100 to a charity. I was under the impression they were going to give $100 to the PAC and call it a charitable match. Guess I got that wrong.
The way it works is that if you decide to contribute $100 to the PAC, then they will make a $100 contribution to a charity.
And you usually have some choice in picking the charity. Some companies give you a list of charities to pick from and others may let you designate your own pick for charity, provided the charity is really IRS approved.
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