Argentum’s Silver PAC is a non-partisan fund which supports Argentum’s grassroots advocacy and paid lobbying efforts on Capitol Hill. Silver PAC works with sitting Senators and Members of Congress who have a track record of supporting senior living issues.
Silver PAC supports candidates who help advance informed senior living public policies, regardless of which side of the aisle they reside.
Federal election law requires Argentum member companies to give prior authorization before Silver PAC can communicate with their employees. For more information about the prior approval process, download and submit the Prior Approval Authorization form.
Q: What is Silver PAC?
A: Silver PAC is a non-partisan fund for Argentum members to contribute to in order to inform candidates interested in senior living policy. Individuals give money to the fund, which is then distributed to federal representatives who support our goals of increasing access to and affordability of quality senior living services.
Q: Why does senior living need a PAC?
A: Legislators make decisions which impact senior living providers’ ability to serve residents and their families every day. Silver PAC allows Argentum to meet with elected officials and explain the needs of our industry face to face. Through Silver PAC, legislators can ask us questions and we can educate them on the value senior living professionals provide to residents and their families. It allows us the opportunity to participate in the political process and establish relationships with lawmakers that will ensure senior living professionals can provide quality care for years to come.
Q: Besides supporting the senior living industry, what’s in it for me?
A: Silver PAC is a powerful tool for senior living professionals, but ensuring a bright future for senior living is not the only reason to join. There are exclusive benefits to Silver PAC membership. All contributors to Silver PAC will receive recognition at Argentum’s Annual Conference & Expo and invitations to participate in regular conference calls with DC political insiders. Silver PAC recognizes donors at the following levels:
ADVOCATE CIRCLE: $100 or more within a calendar year receives special recognition at the annual conference
DIRECTOR CIRCLE: $500 or more within a calendar year receives the above benefits and the opportunity for Argentum to arrange visits to Capitol Hill with legislative staff when visiting DC
CHAIRMAN CIRCLE: $1,000 or more within a calendar year receives the above benefits, special recognition in Argentum’s Mid-Year and Year-End Reports and the opportunity to represent Argentum fundraisers in your home state
TRUSTEE CIRCLE: $3,000 or more within a calendar year receives the above benefits, recognition in all publications from Silver PAC and an invitation for Trustee and guest to attend the Annual Trustee Circle Dinner
SILVER CIRCLE: $5,000 within a calendar year receives the above benefits, special recognition (differentiated from Trustee Circle) in all publications from Silver PAC
Q: How can I donate?
Q: How are PACs regulated?
A: PACs are regulated by the Federal Election Commission (FEC) and are required to file monthly reports disclosing their receipts and disbursements. The Federal Election Campaign Act and FEC Regulations create specific rules for how PACs collect donations and contribute to elected officials. PAC’s must file regular reports with the FEC listing the name and address of the candidate receiving a contribution and the amount contributed. Likewise, PACs must also report the name, address, occupation, employer, and amount contributed from any member of a PAC who contributes over $200 per calendar year.
Q: How do federal representatives use our money?
A: PAC contributions can only be spent by representatives on their campaign: to pay for polls, surveys, TV ads, production and time running TV ads, fundraising, direct mail, telephone calls, staff, etc.
Q: Does Silver PAC give to both Democratic and Republican candidates?
A: Yes, Silver PAC has been formed to promote public policy that benefits Argentum’s members, residents, and employees. Thus, we make contributions to legislators who support our mission, regardless of which side of the aisle they reside. Our PAC only supports candidates who share our position on business issues and will help advance public policies that serve Argentum members and the residents they care for. Not all Argentum members are Democrats and not all are Republicans. However, we are all dedicated to serving our residents, their families, and our employees; and support legislators who make that possible.
Q: Does Silver PAC give to State Partner PACs?
A: Yes, Silver PAC supports the PAC of State Partners each year as allowed by law. In 2015, Silver PAC contributed to state partners in California, Arizona, Florida and Texas to help with their advocacy at the state level. Argentum plans to support additional State Partners in the future.
Q: My company has a PAC, can that PAC give to Argentum’s Silver PAC?
A: Yes, federal law allows a PAC to contribute up to $5,000 per calendar year to another PAC.
Q: Is there a prize for the company that collectively contributes the most to Argentum’s Silver PAC?
A: Yes, in 2015 Silver PAC introduced a new competition for member companies – the Granger Cobb Cup for Excellence in Political Action, or the Cobb Cup – named after the late Granger Cobb for his longtime dedication to advocating on behalf of our industry and the residents that we serve. The Cobb Cup is a trophy presented to the owner/operating company that contributes the most money to Silver PAC each year. The name of the winner is engraved on the trophy, much like hockey’s Stanley Cup, and the trophy will be passed around annually from winner to winner to take back to their offices to display. Each year, the new winner will have their company’s name engraved on the trophy and they will remain in possession of the trophy so long as they are Silver PAC’s highest contributing company. In 2015, Silverado won the first annual Cobb Cup competition.
Q: Who should I contact if I have additional questions about Argentum’s Silver PAC?
A: If you have any questions that we have not answered, please contact:
Silver PAC Administrator
Disclaimer: Contributions to Argentum’s Silver PAC are not deductible as charitable contributions for federal income tax purposes. Contributions from foreign nationals are not solicited or accepted. No corporate contributions can be accepted by Federal Law. All contributions must be personal or by Federal PAC. Federal law requires political committees to use their best efforts to report the name, mailing address, occupation and name of employer for each individual whose contributions aggregate in excess of $200 in an election cycle.
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