AFP Political Action Committee
What is the AFP PAC?
AFP PAC is the federal political action committee of the Association for Financial Professionals. AFP PAC is a bipartisan political fund that uses the voluntary
contributions of AFP members* and AFP staff to support the election
campaigns of candidates for the U.S. Congress who share the
association's business concerns and interests.
AFP is prohibited by federal law from using association funds to support candidate campaigns. AFP can, however, operate a PAC, pay its administrative costs and solicit voluntary contributions from PAC-eligible members.
Who Can be Solicited for AFP PAC Donations?
All of AFP's member corporate practitioners, the association's executive and administrative personnel and the families of both groups may be solicited to participate in AFP PAC.
How is AFP PAC Administered?
The governing body of AFP PAC is a Board of Trustees, with not less than five members, selected by the AFP Board of Directors. In addition, the Board of Directors has appointed a Chairman,
President and Treasurer to assist in operating the PAC. The officers and Trustees determine procedures for soliciting members and collecting contributions, evaluate candidates to receive PAC support, and oversee the expenditure or distribution of contributions to the PAC.
How Can Members Contribute to AFP PAC?
Contributions may be made by personal check, money order or by a major PERSONAL credit card.
Cash and corporate contributions will not be accepted.
How Much Should AFP Members Contribute to AFP PAC?
Contribution amounts are the choice of the individual contributor. In the past, contributors have donated anywhere from $25 to over $1,000. The amount given or a refusal to give will not benefit or disadvantage an AFP member. Note that an individual's annual aggregate contributions to the PAC are limited to $5,000.
Is My Donation Tax Deductible?
No. PAC contributions are not tax deductible.
Are AFP Members Required to Support AFP PAC as a Condition of Membership?
ABSOLUTELY NOT! Participation in AFP PAC is completely voluntary.
Who Will AFP PAC Support With Member Contributions?
The goal of the Board of Trustees is to select the best Congressional candidates to represent AFP's membership. Among the criteria considered is:
- The candidate's understanding and support for the treasury and finance profession.
- The candidate's voting record or stated position on issues important to AFP and its membership.
- The candidate's leadership position, or potential for leadership, in the U.S. Congress.
- The candidate's position on key committees that consider issues important to financial professionals.
- The candidate's financial need and chances of being elected.
- Contribute - Click here to make your contribution to AFP PAC online via AFP’s secure web store.
- Speak - Click here to add your name to the list of AFP members we can call on to speak to elected officials and advocate behalf of the profession.
- Stay Engaged - Click here to receive periodic updates from AFP’s Advocacy Team on recent events in Washington and stay connected.
Other PAC Materials
*Note: According to the FEC, an association's restricted, PAC-eligible class includes non-corporate members (such as individuals), the organization's executive and administrative personnel, and the families of both groups.
If you would like to obtain additional information on AFP PAC, please contact Konstantine Kastens at firstname.lastname@example.org or (301) 961 8682