Disclosures for NAR's Corporate Ally Programs
Candidate Independent Expenditures
Contributions designated for used in Candidate Independent Expenditures are deposited and reported as a contribution to the NAR Congressional Fund. These funds are used to support federal REALTOR® Champions in Congress; the support is independent of a candidate's campaign committee. In addition, NAR will allocate an amount equal to 50% of your contribution to support, state, and local Champions in Oklahoma.
Issues Advocacy Campaigns
Contributions designated for use in Issue Advocacy Campaigns are used by NAR in connection with its advocacy of federal issues (50%) as well as state & local issues (50%).
"Soft Money" or Super-Pac Requirements
Soft Dollars (corporate contributions) cannot be contributed directly to federal candidates, and in most states cannot be contributed to state or local candidates. Federal Election Commission regulations define "Independent" expenditures as expenditures for a communication "expressly advocating the election or defeat of clearly identified candidate that is not made in cooperation, consultation, or concert with, or at the request or suggestion of, a dandidate, a dandidate's authrozed committee, or their agents, or a political party or its agents." NAR's policy is to only participate in positive independent expenditures and advocacy campaigns, and will not allocate funds to campaings that support goals contrary to NAR Policies.
Corporate Executives or other company employees soliciting funds for use in the Corporate Ally Program, who volunteer and do not use company time, and do not use corporate resources, do not need to report their efforts.
However, any direct or indirect expenses your firm incurs to solicit or encourage subsidiaries, affiliates, or franchisees to contribute to Candidate Independent Expenditures are treated as in-kind contributions to the NAR Congressional Fund, and should be determined, recorded and provided to NAR for reporting to the Federal Election Commission. This includes corporate expenses for:
- Direct expenses, including the cost of stationary, postage, and other supplies used in distributiong solicitation materials, or direct expenses associatied with conducting meetings or events to solicite such contributions.
- Indirect expenses, including in-kind or indirect costs of compensation paid to corporate employees engaged on company time to create and distribute Corporate Ally Program materials related to Candidate Independent Expenditures. Employees using company resources, should record the amount of their time spent on such activities, an appropriate value should be assigned to that time based on the compensation paid to those various employees, and those amounts, plus any other direct out of pocket costs should be reported to NAR at the time expenses are incurred.
- Conversely, uncompensated volunteer time by employees not using company resources does not constitute reportable contributions.