CAMPAIGN ACCOUNTS Description Campaign accounts are accounts designated for individuals to run for office. Insurance Nonprofit organizations are separately insured for $250,000. TABLE: CAMPAIGN ACCOUNTS Campaign Accounts Required Information: Name Address (Before opening account) Taxpayer identification— The account will use the employer identification number of organization. IRS Reporting: Report in EIN of campaign identification Documentary Requirements: on all persons opening (Reasonable time after opening) the account My bank does/does not require all signers to complete CIP. Government Certified Document (requirements vary from to state): Political action committees which anticipate either receiving contributions or making expenditures during the calendar year file with government entity – Bank Provided Resolution: Resolution authorizing the account and who will sign. Bank Provided Signature Card: Contract between bank and customer. Certification of Beneficial Owner(s)
CAMPAIGN ACCOUNTS Description Campaign accounts are accounts designated for individuals to run for office. Insurance Nonprofit organizations are separately insured for $250,000. TABLE: CAMPAIGN ACCOUNTS Campaign Accounts Required Information: (Before opening account) Name Address Taxpayer identification— The account will use the employer identification number of organization. IRS Reporting: Report in EIN of campaign Documentary Requirements: (Reasonable time after opening) identification on all persons opening the account My bank does/does not require all signers to complete CIP. Government Certified Document (requirements vary from to state): Political action committees which anticipate either receiving contributions or making expenditures during the calendar year – file with government entity Bank Provided Resolution: Resolution authorizing the account and who will sign. Bank Provided Signature Card: Contract between bank and customer. Certification of Beneficial Owner(s)
DueHO2LG020516.docx