Chapter PAC Compliance
The following links and documents are to be used to help your Chapter conduct an annual audit as part of IFAPAC guidelines and federal regulatory best practices.
PAC Disclaimer Language
Any communication in which members are asked to contribute to NAIFA's PACs must include the following disclaimer language.
Contributions to NAIFAPAC will be used to support candidates in federal election campaigns, and those contributions to your State Chapter’s IFAPAC will be used for elections within that state. you have the choice to contribute to NAIFAPAC and your State Chapter’s IFAPAC per your PAC Directive response. For NAIFA-Massachusetts members, the division of funds will be 60%/40% up to the state limit of $500 per calendar year. For NAIFA-New York members, a contribution to an LLC account will be retained 100% by the Federal Administrative Fund due to state campaign finance rules. These contributions are strictly voluntary, and you have the right to refuse to contribute without reprisal.
PAC contributions must be from personal funds and may not be reimbursed or paid by any other person or entity. These contributions are strictly voluntary, and you have the right to refuse to contribute without reprisal. Any guidelines for giving are only suggestions. All are free to contribute more or less than the guidelines suggest or decide not to contribute. Contributions or gifts to NAIFAPAC or any State Chapter’s IFAPAC are not tax-deductible
NAIFA Chapter PAC Sample Bylaws
PAC Bylaw samples and tips are available here. As part of IFAPAC guidelines and federal regulatory best practices, all NAIFA Chapter PACs should operate under strong bylaws and procedures. A tip sheet from Public Affairs Council regarding PAC bylaws can be found here.
The Federal PAC's bylaws can be found here to use as an example for creating your Chapter's IFAPAC bylaws. Here you will find NAIFA’s model bylaws for State Chapters to help you draft and integrate your PAC’s governance into the Chapter’s organization.
Chapter PAC Audit Checklist
It is essential that all PACs periodically audit processes and procedures. The FEC recommends that both internal and external audits are conducted regularly. NAIFA’s PAC is now conducting an IFAPAC Check-Up. Here is a list of items IFAPAC would like each of the PACs to investigate and research for the internal check-up.
Federal Tax Return Filing Requirements for Chapter PACs
Depending on the amount of money raised by your Chapter's PAC, PACs may be required to file different forms with the IRS. Learn more about these forms here.
Campaign Finance Reporting Memo
This document outlines PAC compliance needs for your Chapter's state campaign filings.
Quick Links
Public Affairs Council Tip Sheet
Model NAIFA State Chapter Bylaws
Chapter PAC Audit Checklist
Federal Tax Filing for Chapter PACs
Chapter PAC Campaign Finance Guidelines
