We use cookies to improve security, personalize the user experience,
enhance our marketing activities (including cooperating with our marketing partners) and for other
business use.
Click "here" to read our Cookie Policy.
By clicking "Accept" you agree to the use of cookies. Read less
Understanding Funds Donated [Federal Elections]: A Legal Perspective
Definition & Meaning
The term "funds donated" refers to all types of financial contributions made to support the activities of federal or state officeholders. This includes gifts, loans, advances, credits, or deposits of money. However, it does not include funds that are appropriated by Congress, state legislatures, or similar public bodies, nor does it cover the personal funds of the officeholder if those funds are donated to an account that only contains personal funds.
Table of content
Legal Use & context
Funds donated are primarily relevant in the context of campaign finance laws and regulations. This term is used in legal practices concerning political donations, fundraising for campaigns, and compliance with federal election laws. Understanding how these funds can be used is crucial for candidates and officeholders, as improper use can lead to legal penalties. Users can manage their compliance with these laws by utilizing legal templates from US Legal Forms, which are drafted by qualified attorneys.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Example 1: A political candidate receives a $5,000 donation from a supporter to fund their campaign activities. This amount qualifies as funds donated.
Example 2: A state legislator uses their own savings to support their campaign but keeps these funds separate from any campaign accounts. These personal funds do not count as funds donated.
Relevant laws & statutes
Major regulations governing funds donated can be found in the Federal Election Commission's rules, particularly in 11 CFR 113.1 (a). This regulation outlines what constitutes funds donated and the permissible uses of these funds.
State-by-state differences
State
Variation
California
Has specific limits on individual contributions to campaigns.
Texas
Allows for larger contributions without strict limits.
This is not a complete list. State laws vary and users should consult local rules for specific guidance.
Comparison with related terms
Term
Definition
Key Difference
Campaign Contributions
Monetary gifts made to support a political campaign.
Campaign contributions are a broader category that includes funds donated.
Political Donations
General term for money given to political entities.
Political donations can include funds donated as well as other forms of support.
Common misunderstandings
What to do if this term applies to you
If you are involved in a political campaign and are considering accepting funds donated, ensure you understand the legal implications and requirements. It may be beneficial to use US Legal Forms' templates for compliance. If your situation is complex or unclear, seeking professional legal advice is recommended.
Find the legal form that fits your case
Browse our library of 85,000+ state-specific legal templates.