[LPIL - Board of Directors] Proposed agenda item for 7/20/21

[Russ Clark]

To all:

     I would propose the Libertarian Party of Illinois authorize a 
separate account for donations specifically for Illinois races. As you 
may be aware, we currently file with the FEC on all of our existing 
donations.  This makes these funds eligible for Federal as well as state 
races.  The mainline parties also maintain a separate account for state 
races.  Donations into this separate account would be filed with the 
Illinois State Board of Elections and would be eligible for only for 
state and local races.  This would increase our maximum contribution 
limit from $10,000 from any specific individual to $22,000 as $10,000 
would be contributed to our Federal account and $12,000 to our state 
account.  This account may accept donations directly from corporations 
and unions as this is prohibited under Federal law.   It also would 
allow donors to specify if their donation goes to Federal or state 
accounts.  This creates some work for treasurers going forward BUT there 
is a benefit if we can begin to get donors to maximize contributions to 
our party for ballot access or candidate assistance.

     As our party continues to grow, we do have information from large 
donors who could afford to donate such a large sum to the party.  I 
would propose that unless otherwise specified, any general donations 
from individuals are designated as Federal donations.  This allows the 
maximum flexibility for the funds and requires no additional work.  
Funds for state accounts would either be designated on a separate web 
page on our site _OR_ be taken exclusively by executive committee and 
executive director.  This eliminates confusion for both the donors and 
the treasurer going forward should such an account be authorized.


Russ Clark

Treasurer

Libertarian Party of Illinois



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