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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.
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