How are the political campaign donations accounted for if the politician drops out of the campaign or at the end of the elections? This is a major concern to people who are willing to donate to campaign trails, but since they are not sure about how the money will be used after the campaigning period is over, they refrain from sending in their donations. Are you one of these people? You are doing the right thing because no one, not even a tycoon or the politician who is requesting the donations, would love to give out his or her hard-earned money to be used on unworthy courses. Here is detailed information about campaign donations that will answer your question and provide answers to other questions that may be lingering in your mind.
Official committees named Candidate Campaign Committees are responsible for handling the donations. Each candidate creates a Candidate Campaign Committee with his or her campaign team. There are restrictions from the Federal Election Commission on how the donations should be spent at the end of the elections period or if the candidate steps down from the campaigns.
Campaign donations are never used by the politician or members of the Candidate Campaign Committee on personal use. The debts from the campaign are given a priority. Personal use refers to expenses like rent, mortgage, and so on. If a family member of the candidate has to be paid a salary, he or she must provide proof to show his or her contributions to the campaign.
The donations are spent on donations to charities. The candidate should not receive compensation from the charity organizations. Neither should the donation be used in any way by the charity organization to assist the candidate. A maximum of $ 2000 should be deducted from the campaign donations and allotted to another presidential candidate. Limitless transfers to a national, state, or local political parties committee are allowed. The candidate can designate the contributions to his or her future election committee or to another state or local campaigner.
The donations are allocated immediately they are received. If the candidate is reluctant to continue with the race, the money is left in the super PAC. Under the law, Super PACs are not allowed to send donations to national political party committees. They should not coordinate with national candidates. The money in the Super PAC can be used to finance another federal candidate in future elections. It can also be used on the same candidate in other elections. The treasurer of the super PAC is not under a legal obligation to refund the donations to the donors. The majority of the treasurers refund the contributions out of goodwill.
You will get a refund if you donated more than $2,700 to a presidential aspirant, but the candidate opts out of the race before the general election. The FEC rules and regulations also demand that the official candidate committees should refund any contribution that has been received towards the general election if they lose the primaries.