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Who get the money if a presidential candidate .....?
If a presidential candidate did not spend all the money he collected in donations whom that money belongs to ? Does it belong the candidate, his political party or the government ?
5 Answers
- ANDRE LLv 71 year agoFavorite Answer
Candidate Campaign Committees
These are the official committees run by the candidate and their campaign team. The Federal Election Commission has put into place rules that control how money is spent after a candidate bows out or the election process ends.
No Personal Use
After all debts are settled, a candidate is not allowed to use the remaining funds for personal uses, which are defined as “a commitment, obligation or expense of any person that would exist irrespective of the candidate’s campaign or responsibilities as a federal officeholder.” In other words, if the expense exists independent of the campaign or being an elected official, campaign funds may not be used. Expenses that are automatically considered personal use include household items, mortgage or rent for a personal residence and salary payments to the candidate's family, unless the family member provides a bona fide service to the campaign and the payment reflects the value for the service in the free market.
Permissible Uses
The contributions can be used in the following ways:
Donations to charities, as long as the candidate does not receive compensation from the organizations and the donation is not used by the charity to benefit the candidate.
A donation of a maximum of $2000 to another presidential candidate.
Unlimited transfers to a local, state, or national political party committee.
Donations to state and local candidates or transfer to a future election campaign committee of the same candidate (Bernie Sanders transferred $1.5 million collected from his Senate campaign committee to his presidential committee).
- Jeff DLv 71 year ago
The candidate can save it for a future campaign(s), donate it to other candidate(s), or donate it to a charity.
- Anonymous1 year ago
Any excess funds are sent to a shoe factory in Indonesia that's owned by a shell corporation located in the Bahamas. Ultimately the money finds its way back to convenience stores throughout Ohio.
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- Anonymous1 year ago
They donate it to somebody who donates it back to them for a small fee.