The New York Times published a recent article, written by Nicholas Confessore, regarding the announcement that the IRS intends to outline rules regarding nonprofit involvement in political campaigns. Confessore is a Livingston Award-winning political correspondent on the National Desk of The New York Times.
I.R.S. Seeks to Define Political Activity for Nonprofits
By Nicholas Confessore | The New York Times | 5/22/15
The Internal Revenue Service could issue as early as next month, new draft regulations governing political activity by tax-exempt organizations, according to a notice issued on Thursday. But it remains unlikely that the new rules would be in place before the 2016 election.
The effort comes as nonprofit organizations prepare to spend hundreds of millions of dollars on presidential and congressional races, much of it devoted to thinly disguised campaign ads that the organizations say are merely intended to raise awareness of policy issues.
As 2016 Presidential campaigns gain momentum, an announcement was made that the IRS intends to outline rules regarding nonprofit involvement in political campaigns. Current regulations do not specify what election activity, or how much of a constituent’s revenue, tax-exempt groups can spend to try to influence elections.
Political action committees, referred to as PACs, came about for the purpose of raising and spending money to elect and defeat candidates. PAC contribution limits are fixed with funds segregated into bank accounts that are separate from the general corporate or union treasury. These limits deter wealthy individuals from giving to a constituent’s campaign, so PACs prefer to seek out nonprofit organizations where donors can be kept secret and contributions are currently not capped.
Nonprofits devote hundreds of millions of dollars to presidential and congressional races to advocate through their campaign ads that the organizations say are merely intended to raise awareness of policy issues. The IRS intends to outline rules regarding politics and nonprofits very cautiously, with great concern given to immediate changes that may sway the 2016 elections in one direction or another.
Take away: While this type of national exposure raises awareness and can aid in advocating for your nonprofit, crowdfunding for nonprofits is another great option for any sized nonprofit to gain up to 60% new supporters while engaging current donors. Virtual volunteers customize a fundraising page on behalf of the organization, then share their own keyword and links with their friends, family, co-workers and social network to recruit more fundraisers and donations. All funds are directly and securely sent to the nonprofit’s account, as well as all donor data.