Tuesday, April 24, 2012

Nonprofits Play Significant Role in Election Independent Spending To Date

USA Today reports that while wealthy individuals and corporations dominated giving to SuperPACs so far this election cycle, several nonprofit organizations also contributed millions of dollars.  The largest was the National Education Association, which gave over $3.5 million, making it the fourth largest source of SuperPAC funds.  The AFL-CIO is also near the top of the list, with over $2 million in contributions, as is the SEIU with slightly over $1.8 million given.

More significant, however, is the amount of money flowing to nonprofit organizations to be spent directly on election-related communications.  The most prominent of these organizations is Crossroads GPS, a section 501(c)(4) organization associated with Karl Rove that has received close to $100 million this election cycle according to Politico.  Politico has also posted publicly released copies of the fiscal year 2010 Form 990 and short year 2011 Form 990 for Crossroads GPS.  The redacted Schedule Bs to these returns show the sizes of the donations by the largest contributors - including one donor who gave $10.1 million - without revealing their identities.

LHM

http://lawprofessors.typepad.com/nonprofit/2012/04/nonprofits-play-significant-role-in-election-independent-spending-to-date.html

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