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Contributions or gifts to Obama Victory Fund 2012 are not tax deductible.
The first $2,500 from a contributor to Obama Victory Fund 2012 will be allocated to Obama for America, designated for the general election. The next $30,800 from a contributor will be allocated to the Democratic National Committee. Any additional amount(s) from a contributor will be divided among the State Democratic Party Committees as follows, up to $10,000 per committee and subject to the biennial aggregate limits: OH (24%), FL (15%); WI (12%); IA (10%); NV (10%); VA (9%); CO (7%); NC (7%); PA (3%); and NH (3%). A contributor may designate a contribution for a particular participant. This allocation formula may change if following it would result in an excessive contribution. Contributions will be used in connection with a Federal election, may be spent on any activities of the participants as each committee determines in its sole discretion, and will not be earmarked for any particular candidate.