A Political Action Committee (or PAC)
is the name commonly given to a private group, regardless of size, organized to elect political candidates or to advance the outcome of a political issue or legislation.
How are State and Local IMPAC funded?
Funding for C.A.R.’s Issues Mobilization Political Action Committee (IMPAC) comes primarily from a $10.00 set aside from the members’ dues, which is deposited in the Issue Action Fund (IAF).
The IAF first pays for:
- Administrative Costs of CREPAC/Candidate PACs
- Administrative Costs of IMPAC
After these administrative costs, the remainder is allocated as follows:
- State IMPAC Account (70%)
- Local IMPAC Accounts (30%)
In addition, State and Local IMPAC historically received a small percentage of Political Survival funds raised by local Associations (State: 5% and Local: 10%). Beginning in 2001, these funds no longer come directly from the REALTOR® Action Fund, but are allocated from the Political Activities Fund (PAF), from C.A.R. dues (for tax purposes). Amounts distributed to State and Local IMPAC Funds were not changed, and Local IMPAC funds continue to be distributed to local Association accounts based on their REALTOR® Action Fund contribution rates.