Matthew Sanderson Comments on Raising Big Money With Special PACs
The Advocate quoted Caplin & Drysdale's Matthew T. Sanderson on campaign contributions and joint fundraising committees (JFCs). Unlike ordinary political action committees (PACs), JFCs are able to collect higher donations because they serve as an umbrella for multiple committees. Mr. Sanderson noted that JFCs have been around for decades, but have increased in popularity over the last 15 years. For the complete article, please visit The Advocate's website.
Excerpt taken from the article.
JFCs "will definitely have an effect on how much money comes into the process," campaign finance lawyer Matthew Sanderson said — and that effect will be to increase the flow.
The reason for that is the greater ease and convenience, for both donor and recipient, of soliciting a single large donation from a wealthy contributor instead of badgering him or her repeatedly for numerous smaller contributions, Sanderson said.
JFCs have been around for decades, but they've mushroomed in popularity over the past 15 years. Their number grew from 87 in 2000 to 405 in 2012, with total receipts increasing from $52.5 million to $1.07 billion in that period, according to Sanderson with the Caplin & Drysdale firm in Washington.