Federal law requires us to use our best efforts to collect and report the name, mailing address, occupation, and name of employer for each individual whose aggregate contributions exceed $200 in a calendar year.
Team Herschel’s People’s Champion Committee, Inc. is a joint fundraising committee comprised of and authorized by Team Herschel, Inc. and People’s Champion PAC, Inc. Joint fundraising proceeds shall be allocated among the committees as follows:
1. The first $2,900 ($5,000) to Team Herschel, Inc. primary election account;
2. The next $2,900 ($5,000) to Team Herschel, Inc. general election account;
3. The remainder, up to $5,000 ($5,000) to People’s Champion PAC, Inc.
Notwithstanding this allocation method set forth above, any contributor may designate his or her contribution for a particular participant. In addition, the allocation formula may change if a contributor makes a contribution which would exceed the maximum legal amount that a contributor may give to a particular participant.
The maximum amount an individual or non-multicandidate PAC (multicandidate PAC in parenthesis) may contribute to Team Herschel’s People’s Champion Committee, Inc. is $10,800 ($15,000).
Contributions to Team Herschel’s People’s Champion Committee, Inc. are not tax deductible as charitable contributions for federal income tax purposes. Contributions by corporations, labor unions, foreign nationals, and federal government contractors are prohibited.