Tag:fundraising
$47 for the 47th Presidency: Musk Tests Super PAC Limits with Payouts for Swing State Voter Referrals
On October 7, 2024, Elon Musk’s pro-Trump Super PAC, America PAC, announced it would disburse $47 payments to residents of certain swing states who refer other swing state voters to sign a petition pledging support for the First and Second Amendments. Musk said on his social media platform, X, “ For every person you refer who is a swing state voter, you get $47! Easy money.” Eligibility is limited to registered voters in seven key battleground states: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. Musk’s goal is to reach 1 million signatures, which would amount to $47 million in payments to signatories.
Charitable Solicitation: Do Threatened Penalties and Sanctions Ever Actually Reach the Non-Profit Organizations Misappropriating Funds?
In order to operate, non-profit organizations rely heavily on the ability to fundraise. The government leaves the regulation of that “charitable solicitation” to individual states, with most requiring formal registration to engage in such activities. With firms vying for organizations’ business to hire consultants to obtain funds, and ethics and oversight firms highlighting the careful approaches that must be utilized to appropriately raise funds for non-profit operations, charitable organizations may find themselves confused and threatened in the space between needing charitable solicitation to survive and maintaining regulatory compliance to engage in the activity itself. While the threats of penalties and sanctions are large and imposing, it appears that few organizations ever face their true weight. Charitable organizations must, of course, comply with each state of registration, but is the fear instilled equal to the reality of the consequences of non-compliance?