EXHIBIT 1 – JOINT FUNDRAISING NOTICE
Kari Lake Victory Fund (“JFC”) is a joint fundraising committee composed of Kari Lake for Senate (“Campaign”), Keep America Red Indefinitely PAC (“LPAC”), NRSC, and Republican Party of Arizona, LLC (“State Party”) (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 $314,000 annually. Such contributions shall be allocated in the following order:
1.Campaign shall receive any contribution not exceeding $3,300 for the 2024 general election, provided such limit applies. 2.Campaign shall receive any contribution not exceeding $3,300 for the 2024 primary election debt retirement (to the extent lawful debts from that election remain outstanding).
3. NRSC shall receive for its general account any contribution not exceeding $41,300 annually.
4. State Party shall receive any contribution not exceeding $10,000 annually.
5. LPAC shall receive any contribution not exceeding $5,000 annually.
6. NRSC shall receive for its Building Fund any contribution not exceeding $123,900 annually.
7. NRSC shall receive for its Legal Proceedings Fund any contribution not exceeding $123,900 annually.
8.Campaign shall receive for its recount fund any contribution not exceeding $3,300, provided such limits apply.
Contributions Made by a Federal Multicandidate Political Committee:
Multicandidate PACs may contribute up to $130,000 annually. Such contributions shall be allocated in the following order: 1.Campaign shall receive any contribution not exceeding $5,000 for the 2024 general election, provided such limit applies. 2.Campaign shall receive any contribution not exceeding $5,000 for the 2024 primary election debt retirement (to the extent lawful debts from that election remain outstanding).
3. NRSC shall receive for its general account any contribution not exceeding $15,000 annually.
4. State Party shall receive any contribution not exceeding $5,000 annually.
5.LPAC shall receive any contribution not exceeding $5,000 annually.
6. NRSC shall receive for its Building Fund any contribution not exceeding $45,000 annually.
7. NRSC shall receive for its Legal Proceedings Fund any contribution not exceeding $45,000 annually.
8.Campaign shall receive for its recount fund any contribution not exceeding $5,000, provided such limits apply.
Contributions to Kari Lake Victory Fund, 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 who are not lawfully admitted for permanent residence (non-green card holders), 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. Contributions allocated to Campaign and designated to the repayment of outstanding lawful debts incurred in relation to previous elections shall be reallocated if Campaign receives sufficient contributions to pay such debts. 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 Kari Lake Victory Fund, a joint fundraising committee authorized by and composed of Kari Lake for Senate, Keep America Red Indefinitely PAC, NRSC, and Republican Party of Arizona, LLC
