Fundraising Basics

Description: This quiz covers the basics of fundraising for political campaigns, including common methods, strategies, and regulations.
Number of Questions: 14
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Tags: politics political campaigns fundraising
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Which of the following is NOT a common method of fundraising for political campaigns?

  1. Individual contributions

  2. Political action committees (PACs)

  3. Super PACs

  4. Corporate donations


Correct Option: D
Explanation:

Corporate donations are prohibited under federal law in the United States.

What is the maximum amount an individual can contribute to a candidate for federal office in a single election cycle?

  1. $2,900

  2. $5,800

  3. $10,000

  4. $20,000


Correct Option: A
Explanation:

The maximum individual contribution limit for federal elections is $2,900 per candidate per election cycle.

What is the maximum amount a PAC can contribute to a candidate for federal office in a single election cycle?

  1. $5,000

  2. $10,000

  3. $15,000

  4. $20,000


Correct Option: A
Explanation:

The maximum PAC contribution limit for federal elections is $5,000 per candidate per election cycle.

What is the maximum amount a Super PAC can spend on independent expenditures supporting or opposing a candidate for federal office in a single election cycle?

  1. $100,000

  2. $200,000

  3. $300,000

  4. $400,000


Correct Option: C
Explanation:

The maximum Super PAC independent expenditure limit for federal elections is $300,000 per candidate per election cycle.

What is the purpose of a 527 organization in political fundraising?

  1. To raise money for political campaigns

  2. To advocate for specific policies or candidates

  3. To conduct voter education and mobilization efforts

  4. All of the above


Correct Option: D
Explanation:

527 organizations are tax-exempt organizations that can engage in a wide range of political activities, including fundraising, advocacy, and voter mobilization.

What is the difference between a hard money contribution and a soft money contribution?

  1. Hard money contributions are subject to contribution limits, while soft money contributions are not.

  2. Hard money contributions can only be used for campaign expenses, while soft money contributions can be used for any purpose.

  3. Hard money contributions are made by individuals and PACs, while soft money contributions are made by corporations and unions.

  4. All of the above


Correct Option: D
Explanation:

Hard money contributions are subject to contribution limits and can only be used for campaign expenses, while soft money contributions are not subject to contribution limits and can be used for any purpose. Hard money contributions are made by individuals and PACs, while soft money contributions are made by corporations and unions.

What is the purpose of a political action committee (PAC)?

  1. To raise money for political campaigns

  2. To advocate for specific policies or candidates

  3. To conduct voter education and mobilization efforts

  4. All of the above


Correct Option: A
Explanation:

PACs are organizations that raise money from individuals, corporations, and unions to support political candidates and causes.

What is the difference between a Super PAC and a traditional PAC?

  1. Super PACs can raise and spend unlimited amounts of money, while traditional PACs are subject to contribution limits.

  2. Super PACs can only support or oppose candidates, while traditional PACs can also support or oppose issues.

  3. Super PACs are independent of candidates and political parties, while traditional PACs are affiliated with candidates or parties.

  4. All of the above


Correct Option: D
Explanation:

Super PACs can raise and spend unlimited amounts of money, while traditional PACs are subject to contribution limits. Super PACs can only support or oppose candidates, while traditional PACs can also support or oppose issues. Super PACs are independent of candidates and political parties, while traditional PACs are affiliated with candidates or parties.

What is the role of the Federal Election Commission (FEC) in campaign finance?

  1. To enforce campaign finance laws

  2. To provide guidance to candidates and campaigns on campaign finance regulations

  3. To conduct audits of campaign finances

  4. All of the above


Correct Option: D
Explanation:

The FEC is responsible for enforcing campaign finance laws, providing guidance to candidates and campaigns on campaign finance regulations, and conducting audits of campaign finances.

What is the purpose of a campaign finance disclosure report?

  1. To disclose the sources of campaign contributions

  2. To disclose the amounts of campaign expenditures

  3. To disclose the names of campaign staff and volunteers

  4. All of the above


Correct Option: D
Explanation:

Campaign finance disclosure reports are required by law and must be filed with the FEC. These reports disclose the sources of campaign contributions, the amounts of campaign expenditures, and the names of campaign staff and volunteers.

What is the difference between a contribution and an expenditure in campaign finance?

  1. A contribution is a gift of money or other property to a candidate or campaign, while an expenditure is a payment made by a candidate or campaign for goods or services.

  2. A contribution is made by an individual or organization to a candidate or campaign, while an expenditure is made by a candidate or campaign to an individual or organization.

  3. A contribution is subject to contribution limits, while an expenditure is not.

  4. All of the above


Correct Option: D
Explanation:

A contribution is a gift of money or other property to a candidate or campaign, while an expenditure is a payment made by a candidate or campaign for goods or services. A contribution is made by an individual or organization to a candidate or campaign, while an expenditure is made by a candidate or campaign to an individual or organization. A contribution is subject to contribution limits, while an expenditure is not.

What is the purpose of a political party in fundraising?

  1. To raise money for candidates running for office under the party's banner

  2. To support the party's platform and policies

  3. To conduct voter education and mobilization efforts

  4. All of the above


Correct Option: D
Explanation:

Political parties raise money to support candidates running for office under the party's banner, to support the party's platform and policies, and to conduct voter education and mobilization efforts.

What is the difference between a major party and a minor party in campaign finance?

  1. Major parties receive more public funding than minor parties.

  2. Major parties have higher contribution limits than minor parties.

  3. Major parties have more stringent reporting requirements than minor parties.

  4. All of the above


Correct Option: A
Explanation:

Major parties receive more public funding than minor parties. Major parties also have higher contribution limits and more stringent reporting requirements than minor parties.

What is the purpose of a bundler in campaign finance?

  1. To raise money from a large number of donors

  2. To bundle individual contributions into larger contributions

  3. To provide access to high-dollar donors

  4. All of the above


Correct Option: D
Explanation:

Bundlers raise money from a large number of donors, bundle individual contributions into larger contributions, and provide access to high-dollar donors.

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