This help file is for JFC Participants and how they report money sent from JFCs. This is different from the help file for JFCs and how they report money they send to participants.
Typically, when a committee receives a transfer from a Joint Fundraising Committee (JFC), the portion the filing committee receives will be less than the total of all the original contributions.
When this is entered into ISP, the total of splits will be greater than the whole amount. The FEC expects this.
In order to ensure the Transfer pulls to the FEC to Line 12, one of the two following conditions must be met:
- The whole (parent) entity must have a Relationship with the filer committee. The automatic memo that will pull is: Memo Transfer from Authorized Committee – {parent entity name}
- The whole (parent) transaction must have the tag Transfer. The automatic memo that will pull is: Memo Transfer from Joint Fundraiser – {parent entity name} on {parent date} for {parent amount}.
You do not need to have both.
Excluding Previously Transferred Contributions
When creating a JFC transfer, not all contributions in a date range need to be transferred at once. Contributions may be held back or transferred later.
To prevent contributions from being transferred more than once, use the Exclude Previously Transferred checkbox when creating transfers to linked accounts.
Go to: Accounting > JFC Management > Related Pages > JFC Transfers > Calculate > Add Transfers as Expenses
In the Linked Account Transfer Splits section, select the date range for the transfer. Then check Exclude Previously Transferred to include only contributions in that date range that have not already been transferred to the linked account.
This allows the same date range to be used multiple times without duplicating previously transferred contributions.
Note: This functionality is not available for transfer data before May 15, 2025.
Exceptions
When your transfer contains original contributions for a Recount election, you’ll need to remove/delete the splits from the main transfer transaction, and create a new transaction with the pro-rated amount as the whole amount.
Then, when making a deposit, ensure both the original and the Recount contributions are in the same deposit batch.
Can I run multiple transfers on the same date?
You can have multiple transfers on the same date. The best way to handle this is to create the transfers individually, even if the dates of transactions may overlap.
First, record the new contributions as usual in the JFC Management tool. Then make a JFC Transfer covering only the dates involving the new contributions. If the date range includes contributions that have already been transferred, use Exclude Previously Transferred to transfer only newly eligible contributions. If there are no overlaps between contributions received, then you would just have a smaller second transfer.
