Redesignating contributions given
A candidate committee may ask a PAC to redesignate a contribution (or a portion of it) for a different election. Redesignation permits the donor to remedy an excessive contribution so that the excessive portion counts against a different election limit. The candidate committee must receive the redesignation within 60 days of its receipt of the original contribution. Otherwise, the committee must refund the excessive portion to the SSF.
Reporting on PAC forms
Political action committees report redesignating a contribution made to a candidate on Form 3X, Line 23 using memo entries.
REPORTING THE ORIGINAL CONTRIBUTION
If a contribution is redesignated to a different election after the close of books for the reporting period, then the PAC will show the redesignation on the report covering when the redesignation is made. The PAC will itemize:
- A memo entry showing the contribution as it was originally reported
- A memo entry showing the contribution as it was redesignated, including the date the redesignation was made and updated election information
Alternately, if a contribution is redesignated to a different election after the close of books for the reporting period and the committee reports using electronic filing software, then the PAC will show the redesignation on the report covering when the redesignation is made. Using the software, the PAC will itemize:
- A memo entry showing a showing the amount that will be redesignated as a negative amount
- A memo entry showing the contribution as it was redesignated, including the date the redesignation was made and updated election information.
REDESIGNATING THE ORIGINAL CONTRIBUTION
Reporting with FECFile
To redesignate a contribution made to a candidate, right click on the contribution that you want to redesignate, select “Redesignate/Reattribute,” and select redesignate.
To redesignate a contribution made to a candidate in an earlier reporting period, go to the Reports tab and select the report during which the redesignation was made. Go to the All Transactions tab, right click on the original contribution, select “Redesignate/reattribute” and then “redesignate.” A box will pop up and tell you which report will show the redesignation.