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ANNUAL REPORT 2018MAKING POLITICS OUR BUSINESS
TABLE OF CONTENTS
Message from the UTC PAC Chairman, Tim McBride 2
Why UTC PAC? 3
UTC PAC Financial Statement 3
Candidate Selection Criteria 3
UTC PAC Match Program 4
UTC PAC Contributions 2018 5-6
Letter from PAC Director 7
ANNUAL REPORT 2018M A K I N G P O L I T I C S O U R B U S I N E S S
DEAr COLLEAguE:
Thanks to the generous support of the members of the UTC PAC. UTC PAC’s mission is to support the election of candidates for federal office who share our views on key policy issues affecting our businesses. Your support is instrumental in helping build and maintain strong relationships with Members of Congress.
A myriad of policies and laws affect our company, our employees and our customers, and it is important that we use all of our tools to make our voice heard. Thanks to the relationships we have developed through UTC PAC, we are better advocates for UTC business units on defense, aerospace, energy, environment, tax and trade matters.
We are committed to keeping you informed about UTC PAC’s activities and how we use the resources you have given us. Highlighted in this annual report are our legislative accomplishments, status of our PAC Match program and a list of the candidates we supported in 2018.
If you are a contributor to UTC PAC, I would like to sincerely thank you for your support and commitment. If you are not, I invite you to review this report and make an informed decision about joining your colleagues in UTC PAC.
Sincerely,
Tim McBride UTC PAC Chairman
TIM McBrIDE
Senior Vice President,
global government
relations &
uTC PAC Chairman
2018 ANNuAL rEPOrT : : 2
Why uTC PAC?
hOW WE uSE uTC PAC
Our federal government makes decisions that directly affect the productivity and profitability of U.S. private enterprise here and around the world. In fact, decisions of policymakers can have a profound impact on the future of many companies, including ours.
At UTC, our ability to deliver innovations and technologies for our global customers is also impacted by government policy decisions. We are committed to advocating public policy solutions that are critical to continuously improving all of our businesses. For this reason, UTC actively participates in the political process and sponsors UTC PAC to ensure that we have a voice in those decisions.
Political advocacy is as important to the future of our company as our well-executed business strategies, and we believe it also creates a more informed group of policymakers in the process. In the electoral process, UTC, like all corporations, is prohibited from making direct contributions to federal candidate campaigns.
UTC’s diversification leverages a large footprint on many issues that are spread over many congressional districts.
Below are some of the committees of jurisdiction where UTC focuses its efforts and a brief explanation of some of the important issues of relevance to UTC.
OPENING BALANCE (1/1/2018 - 12/31/2018) $ 264,271.68
INCOmE
Contributions from Individuals $ 509,815.25
Refunds of Contributions to Federal Candidates $ 8,000.00
TOTAL ($ 517,815.25)
ExPENsEs
Contributions to Federal Candidates $ 522,500.00Contributions to Federal PACS $ 31,000.00Contributions to National Party Committees $60,000.00Other Disbursements $ 50,000.00
TOTAL ($ 663,500.00)
LOANs $ 0.00
ENDING BALANCE (12/31/18) $ 118,586.93
uTC PAC FINANCIAL STATEMENT
In addition to serving on committees of jurisdiction UTC PAC also takes into account the following criteria:
: : the candidate’s views and voting records on issues critical to UTC’s success;
: : the presence of UTC facilities in the candidate’s district;
: : positions of leadership in Congress; and
: : the strength of the candidate and the impact that a UTC contribution will have on the race.
:: senate Finance Committee, House Ways & means Committee – Tax reform is a top issue important to UTC’s competitiveness
:: senate and House Armed services Committee, senate and House Appropriations Committees – With 14% of UTC’s current net sales being military aerospace, these committees are integral to our Washington efforts
:: senate Energy and Natural Resources Committee, House Energy and Commerce Committee – Energy efficiency legislation is a major market driver for many UTC companies
:: senate Commerce, science and Transportation Committee and House Transportation and Infrastructure Committee – These committees have jurisdiction over many of UTC’s commercial aviation and space interests
2018 ANNuAL rEPOrT : : 3
uTC PAC MATCh PrOgrAM
One of the many benefits of supporting UTC PAC is the PAC Match program. PAC Match allows you to match your PAC contribution dollar for dollar to the charity of your choice. This benefit allows us all to support two important ventures with one contribution and the more UTC PAC grows, the more we are able to maximize the PAC Match program in your communities.
In 2018, UTC employees contributed $497,467.26 to support over 700 charities through the PAC Match Program.
Your contribution can be matched to any 501(c)(3) whether it is a place of worship, homeless shelter, college or university or a program in your community. It’s your choice, and our way of thanking you for giving to UTC PAC.
For more information on the UTC PAC Match program or to select your charity of choice for 2019, simply visit the UTC PAC website (accessed via Employee Self Service (ESS)).
The UTC PAC match is a great way to support the Corporation while also supporting the charity of your choice. Contributing to the PAC helps ensure that the voice of the company is heard by federal office holders. The match provides assistance to the charity of your choice, assisting our individual communities and helping achieve two objectives simultaneously.
UTC PAC Match Contributed
$497,467.26 to 700 Charities
in 2018
ToP ChAriTies sUPPorTed
Top Charities SupportedUnited WayAmerican Cancer societyAmerican Red Crossst. Jude Children’s Research HospitalWounded Warrior ProjectBoy scouts of AmericaAmerican Heart AssociationGreater Hartford Legal Aid societyHabitat for Humanity InternationalAlzheimers Disease & Related Disorders AssociationLeukemia & Lymphoma society
2018 ANNuAL rEPOrT : : 4
2018 uTC PAC CONTrIBuTIONS
— OVErALL CONTrIBuTIONS
CANDIDATE AMOuNT
Pete Aguilar $4,000.00
Rick Allen $1,000.00
Donald Bacon $1,500.00
James Banks $1,500.00
Ami Bera $3,000.00
Michael Bishop $2,500.00
Sanford Bishop $5,000.00
Rod Blum $1,000.00
Suzanne Bonamici $1,000.00
Kevin Brady $5,000.00
Susan Brooks $1,000.00
Anthony Brown $1,500.00
Sherrod Brown $4,000.00
Vern Buchanan $5,500.00
Cheri Bustos $5,000.00
G.K. Butterfield $1,000.00
Bradley Byrne $3,500.00
Ken Calvert $2,000.00
Salud Carbajal $1,000.00
Benjamin Cardin $4,000.00
Thomas Carper $5,000.00
Buddy Carter $1,000.00
John Carter $1,500.00
Matt Cartwright $1,000.00
Bob Casey $4,000.00
Kathy Castor $1,000.00
Joaquin Castro $1,000.00
Elizabeth Cheney $3,000.00
Katherine Clark $3,000.00
CANDIDATE AMOuNT
James Clybum $1,500.00
Thomas Cole $4,000.00
Christopher Collins $1,000.00
Doug Collins $2,000.00
Barbara Comstock $5,000.00
Kevin Cramer $1,000.00
Joseph Crowley $3,000.00
Henry Cuellar $1,000.00
John Culberson $2,500.00
Carlos Curbelo $3,500.00
Warren Davidson $2,500.00
Rodney Davis $2,500.00
Peter DeFazio $1,500.00
Rosa DeLauro $7,500.00
Val Demings $1,000.00
Jeff Denham $2,500.00
Mario Diaz-Balart $7,500.00
Debbie Dingell $1,000.00
Jeff Duncan $2,000.00
Neal Dunn $1,000.00
Dianne Feinstein $1,500.00
A. Drew Ferguson $3,000.00
Deb Fischer $4,000.00
Chuck Fleischmann $4,000.00
Bill Flores $2,000.00
Jeff Fortenberry $2,000.00
Virginia Foxx $3,000.00
Matt Gaetz $2,500.00
Michael Gallagher $1,500.00
CANDIDATE AMOuNT
Ruben Gallego $3,000.00
John Garamendi $1,500.00
Kay Granger $5,000.00
Samuel Graves $4,500.00
Tom Graves $4,000.00
Karen Handel $1,000.00
Vicky Hartzler $1,000.00
Martin Heinrich $2,500.00
Heidi Heitkamp $4,000.00
Dean Heller $6,500.00
Jody Hice $2,000.00
Jim Himes $6,500.00
Mazie Hirono $2,000.00
George Holding $4,500.00
Steny Hoyer $5,000.00
Richard Hudson $3,000.00
Randy Hultgren $2,000.00
Cindy Hyde-Smith $2,000.00
Jim Inhofe $1,500.00
E.B. Johnson $2,000.00
Mike Johnson $1,000.00
Dave Joyce $1,500.00
Tim Kaine $3,500.00
Mike Kelly $1,000.00
Joseph Kennedy $3,000.00
Derek Kilmer $4,000.00
Ron Kind $1,000.00
Angus King $2,000.00
Adam Kinzinger $5,000.00
CANDIDATE AMOuNT
Amy Klobuchar $4,000.00
Steve Knight $2,000.00
Ann Kuster $2,000.00
David Kustoff $4,000.00
Darin LaHood $5,500.00
Doug Lamborn $3,500.00
Jim Langevin $2,500.00
Rick Larsen $3,500.00
John Larson $6,500.00
Bob Latta $2,500.00
Brenda Lawrence $1,000.00
Jason Lewis $1,500.00
David Loebsack $2,500.00
Billy Long $2,500.00
Barry Loudermilk $1,000.00
Mia Love $2,500.00
Nita Lowey $2,000.00
Ben Lujan $1,500.00
Joe Manchin $3,000.00
Brian Mast $2,500.00
Doris Matsui $2,000.00
Kevin McCarthy $3,500.00
Claire McCaskill $3,500.00
Michael McCaul $3,500.00
Betty McCollum $3,000.00
A. Donald McEachin $1,500.00
Patrick McHenry $5,500.00
David McKinley $1,500.00
Cathy McMorris Rodgers $5,500.00
2018 ANNuAL rEPOrT : : 5
CANDIDATE AMOuNT
Gregory Meeks $2,000.00
Robert Menendez $2,500.00
Seth Moulton $3,000.00
Chris Murphy $1,500.00
Stephanie Murphy $1,000.00
Grace Napolitano $1,000.00
Richard Neal $10,000.00
Devin Nunes $5,000.00
Pete Olson $2,000.00
Steven Palazzo $2,500.00
Frank Pallone $3,500.00
Erik Paulsen $3,000.00
Nancy Pelosi $5,000.00
Scott Peters $4,000.00
Chellie Pingree $3,000.00
Bruce Poliquin $2,000.00
Michael Quigley $1,000.00
Jack Reed $1,500.00
Tom Reed $2,500.00
Kathleen Rice $2,000.00
Tom Rice $1,000.00
Cedric Richmond $3,000.00
Martha Roby $6,500.00
Hal Rogers $2,500.00
Mike Rogers $4,000.00
Peter Roskam $4,000.00
David Rouzer $2,000.00
Steve Russell $1,500.00
John Rutherford $3,000.00
CANDIDATE AMOuNT
Paul Ryan $2,500.00
Linda Sanchez $2,500.00
Steve Scallise $3,000.00
Adam Schiff $2,500.00
Bradley Schneider $1,000.00
Kurt Schrader $2,500.00
Austin Scott $2,500.00
Rick Scott $5,000.00
Tim Scott $1,500.00
Jose Serrano $2,000.00
Pete Sessions $1,000.00
Terri Sewell $1,000.00
John Shimkus $3,000.00
Adam Smith $5,000.00
Adrian Smith $2,500.00
Jason Smith $2,500.00
Tina Smith $2,000.00
Debbie Stabenow $5,000.00
Elise Stefanik $4,000.00
Thomas Suozzi $2,000.00
Mark Takano $2,000.00
Claudia Tenney $2,000.00
Mike Thompson $2,500.00
Mac Thornberry $6,000.00
Scott Tipton $2,000.00
Paul Tonko $1,000.00
Norma Torres $1,000.00
Michael Turner $4,000.00
Frederick Upton $5,000.00
CANDIDATE AMOuNT
Juan Vargas $2,500.00
Marc Veasey $1,000.00
Peter Visclosky $5,500.00
Greg Walden $1,500.00
Mark Walker $2,000.00
Jackie Walorski $2,500.00
Mimi Walters $2,000.00
Peter Welch $3,500.00
Brad Wenstrup $1,000.00
Roger Wicker $5,000.00
Frederica Wilson $1,000.00
Joe Wilson $2,000.00
Robert Wittman $2,500.00
Rob Woodall $500.00
John Yarmuth $2,000.00
Kevin Yoder $2,000.00
David Young $3,500.00
TOTAL $522,500.00
LEADErShIP PAC AMOuNT
ALAMO PAC $1,000.00
American Action Network $50,000.00
Bluegrass Committee $2,500.00
BUDDY PAC $2,500.00
Democratic Congressional Campaign Committee $15,000.00
Democratic Senatorial Campaign Committee $15,000.00
Green Mountain PAC $1,000.00
IMPACT $5,000.00
Jobs, Opportunity, and New Ideas PAC (JONI PAC) $2,500.00
Narragansett Bay PAC $2,500.00
National Republican Congressional Committee $15,000.00
National Republican Sentorial Committee $15,000.00
NUTMEG PAC $1,500.00
One Georgia PAC $2,500.00
Pelican PAC $2,500.00
PORT PAC $5,000.00
Project West PAC $1,000.00
Together Holding Our Majority (THOM PAC) $1,500.00
TOTAL $141,000.00
2018 ANNuAL rEPOrT : : 6
Contributions to uTC PAC are not deductible for federal income tax
purposes. Contributions to uTC PAC are completely voluntary. you
may choose not to contribute without reprisal. Contributions to uTC
PAC are used for political purposes.
Each year UTC PAC releases an annual report to make sure that all PAC eligible employees at United Technologies have access to the activities of UTC PAC. Transparency is a vital part of UTC PAC’s mission as UTC PAC is only possible with the voluntary contributions that individuals like you provide. UTC PAC’s mission is to ensure that candidates who understand our company and the issues we face in our many industries are elected to office. UTC PAC is an important tool in our efforts as a company in Washington DC. A strong and robust UTC PAC is imperative to ensure that UTC is represented to the fullest. Thank you for taking the time to read this years’ annual report. I hope you found it informative and helpful. To learn more about UTC PAC and other useful information about voting and elections, please visit the UTC PAC website accessible through Employee Self Service (ESS). Once logged in, the link to the UTC PAC website can be found under the “employee giving” tab.
Krister Holladay, PAC Director, Government Relations United Technologies Coporation 202-336-7424 [email protected]
F E D E r A L C O N T r I B u T I O N L I M I T S
UTC PAC may contribute up to a maximum of:
: : $5,000 per election to a federal candidate’s campaign
committee. That means $5,000 may be given for the
candidate’s primary and $5,000 for the general for a total of
$10,000 per election cycle.
: : $15,000 per calendar year to a national party committee,
such as the Democratic and Republican national, senatorial
and congressional campaign committees.
: : $5,000 per year to an incumbent’s leadership PAC
Leadership PACs may be sponsored by Members of
Congress to support other candidates from their political
party in order to position themselves for future leadership
spots or committee chairmanships. These are separate from
a Member’s campaign committee.
LETTEr FrOM ThE PAC DIrECTOr
2018 ANNuAL rEPOrT : : 7
