What is IFAPAC?
The Insurance and Financial Advisors Political Action Committee (IFAPAC) describes collectively the PAC sponsored by NAIFA at the federal level and the PACs sponsored by each state association. Each PAC is a fund that supports the campaigns of candidates for public office who understand issues important to insurance agents and financial advisors.
IFAPAC’s goal is to help the associations advance the legislative and regulatory interests of the members of NAIFA. While any U.S. citizen can contribute to IFAPAC, only members of NAIFA may be solicited to do so. Contributions must be voluntary. Contributions are not tax deductible for federal income tax purposes. Of approximately 4,600 political action committees registered with the Federal Election Commission, IFAPAC ranks in the top tier. IFAPAC is the largest insurance PAC in the country. In the last election cycle, the national IFAPAC contributed approximately $1.8 million to federal candidates and committees.
The IFAPAC network is needed even in years when there aren’t federal elections. The candidate evaluation and support processes go on all the time. PACs that have the resources to make contributions when candidates need them most are highly visible in the political arena. IFAPAC occasionally makes debt-retirement contributions following elections and some states hold elections in odd-numbered years.
On the national level, a panel of NAIFA members, appointed by the Executive Committee of NAIFA, determines which candidates for federal office will receive PAC contributions. This group is called the Candidate Selection Group. Input from state and local association officers and current contributors is vital to the ability of the group to make informed decisions regarding which candidates to support. IFAPAC encourages contributors to provide factual information on candidates.
IFAPAC – Arizona Fundraiser – THE GIFT OF CHANCE!
Contributions to IFAPAC are voluntary and contributed to candidates for elective office. Contributions to IFAPAC are NOT deductible for federal income tax purposes.
- Purchase a ticket, with an IFAPAC contribution of $100 and have your name placed in a drawing!
- There will be several prizes. Each prize will have a value of no less than $100.
- Take a chance on a surprise gift! And, help increase IFAPAC funds.
- IFAPAC’s goal is to help advance the legislative and regulatory interests of the members of NAIFA.
- NAIFA advocates for all the issues affecting all types of agents, advisors, and their clients.
- IFAPAC gives you 360 degrees of protection.
Checks to be made payable to IFAPAC – PO Box 4728, Scottsdale, AZ 85261-4728