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EXHIBIT 1 – JOINT FUNDRAISING NOTICE
Team Nunn (“JFC”) is a joint fundraising committee composed of Iowans for Zach Nunn (“Campaign”), Call to Service PAC (“LPAC”) and NRCC (each, a “Committee,” and, collectively, the “Committees”). Any contribution to the JFC permissible under the Federal Election Campaign Act, as amended (“FECA”), from contributors who have not exceeded their applicable federal contribution limits, shall be allocated among the Committees pursuant to FECA and the formula set forth in this Notice.
Contributions Made by an Individual or Federal Non-Multicandidate Political Committee: Individuals or federal non-multicandidate PACs may contribute up to $322,100. Such contributions shall be allocated in the following order: 1. Campaign shall receive any contribution not exceeding $7,000, designating up to $3,500 to the primary election and up to $3,500 to the general election, provided such limits apply. 2. LPAC shall receive any contribution not exceeding $5,000 annually. 3. NRCC shall receive for its general account any contribution not exceeding $44,300 annually. 4. NRCC shall receive any contribution not to exceed $132,900 for its Building Fund, provided such limits apply. 5. NRCC shall receive any contribution not to exceed $132,900 for its Legal Proceedings Fund, provided such limits apply.
Contributions Made by a Federal Multicandidate Political Committee: Multicandidate PACs may contribute up to $120,000. Such contributions shall be allocated in the following order: 1. Campaign shall receive any contribution not exceeding $10,000, designating up to $5,000 to the primary election and up to $5,000 to the general election, provided such limits apply. 2. LPAC shall receive any contribution not exceeding $5,000 annually. 3 .NRCC shall receive for its general account any contribution not exceeding $15,000 annually. 4. NRCC shall receive any contribution not to exceed $45,000 for its Building Fund, provided such limits apply. 5 .NRCC shall receive any contribution not to exceed $45,000 for its Legal Proceedings Fund, provided such limits apply.
Contributions to Team Nunn, or to any participating Committee individually, are not deductible as charitable donations for federal income tax purposes. Contributions from corporations, labor organizations, national banks, federal government contractors, foreign nationals without green cards, and other federally impermissible sources are prohibited. The contributor’s signature designates his or her contribution to the elections described above. Contributions that exceed a donor’s contribution limit to a participating Committee shall be reallocated to the remaining Committees according to this allocation formula to the extent permitted by FECA. Any contributor may designate his or her contribution to a specific participant Committee to the extent permitted by FECA. Federal law requires us to use our best efforts to collect and report the name, mailing address, occupation, and name of employer of each individual whose aggregate contributions exceed $200 in an election cycle or calendar year, as applicable.
Paid for by Team Nunn, a joint fundraising committee authorized by and composed of Iowans for Zach Nunn, Call to Service PAC, and NRCC.
