U.S. Political Contributions

U.S. POLITICAL CONTRIBUTIONS, DISCLOSURE AND TRADE ASSOCIATIONS

Whirlpool Corporation believes that active participation and engagement in the public policy arena is an important part of being a responsible corporate citizen, vital to the democratic process and important to our company’s success.

We are committed to engaging in a dialogue with policy makers on a wide range of public policy issues important to our company, including trade, taxes, energy, the environment, affordable housing, and intellectual property. Our business is subject to legislative and regulatory requirements at the federal, state and local levels and changes to rules can have a significant impact on our shareholders, customers, employees and communities. Our U.S. federal and state government affairs team represents our company on important policy issues before Congress, the Administration, regulators, and state and local governments across the United States.

In addition to our company’s advocacy efforts, Whirlpool participates in the political process through the Whirlpool Corporation Political Action Committee (WCPAC) and through corporate political contributions in those jurisdictions where it is permissible to do so.

Whirlpool maintains comprehensive compliance procedures to ensure that its activities are conducted in accordance with all relevant laws governing political contributions and lobbying activities. Additionally, as part of its oversight role, the Board of Directors annually reviews the company’s Code of Ethics, which addresses the company’s policies and practices related to political contributions.

Whirlpool quarterly files reports with the Secretary of the U.S. Senate and the Clerk of the U.S. House of Representatives detailing its lobbying activities. Copies of these filings are available at www.senate.gov/legislative/Public_Disclosure/LDA_reports.htm.

WHIRLPOOL CORPORATION POLITICAL CONTRIBUTIONS

Federal U.S. law prohibits companies from contributing to candidates for federal offices, but many states allow corporate contributions to state and local candidates, committees, political organizations and ballot issue campaigns. As described in our Code of Ethics, neither Whirlpool nor its representatives may make political party or candidate contributions on behalf of the company except as specifically authorized by the Whirlpool Law and Government Relations Departments, and as permitted under local law. Any such contributions with company funds require prior approval from the Whirlpool Law Department.

Federal election law allows corporations to establish Political Action Committees (PACs), which may make contributions, to federal candidates, state candidates (as permitted by law) and other committees. The WCPAC is supported solely by voluntary contributions from Whirlpool employees. WCPAC is regulated by the Federal Election Commission (FEC). WCPAC files regular reports with the FEC and the relevant state election commission on its receipts and disbursements. Reports filed with the FEC are available to the public at www.fec.gov.

Decisions regarding WCPAC contributions are made by the board of directors of the WCPAC, which is comprised of nine Whirlpool employees. Corporate political contributions are determined by Whirlpool management responsible for the company’s government affairs.

WCPAC uses six criteria to evaluate a candidate before PAC dollars are contributed:

  • Pro-business philosophy
  • A favorable voting record or position on key issues of importance to Whirlpool.
  • Constituent relationship with Whirlpool
  • Campaign finance need
  • Chances of winning and closeness of race
  • Committee affiliation

WCPAC made the following contributions in 2013 to candidates for U.S. federal office. For additional information on Whirlpool contributions visit www.fec.gov.

Candidate/Committee Name
Amount
Office
State
21st Century Majority Fund
$2,500.00
U.S. Senate
Georgia
Lamar Alexander
$1,000.00
U.S. Senate
Tennessee
Max Baucus
$2,500.00
U.S. Senate
Montana
John Boehner
$5,000.00
U.S. House
Ohio
Dave Camp
$3,500.00
U.S. House
Michigan
Chuck Grassley
$2,500.00
U.S. Senate
Iowa
Steve Israel
$2,500.00
U.S. House
New York
Bob Latta
$1,000.00
U.S. House
Ohio
Sander Levin
$3,500.00
U.S. House
Michigan
Mitch McConnell
$2,500.00
U.S. Senate
Kentucky
Gary Peters
$1,000.00
U.S. House
Michigan
Rob Portman
$2,000.00
U.S. Senate
Ohio
Mark Pryor
$3,500.00
U.S. Senate
Arkansas
Jim Renacci
$1,000.00
U.S. House
Ohio
Amanda Renteria
$500.00
U.S. House
California
Martha Roby
$1,000.00
U.S. House
Alabama
Rock City PAC
$1,000.00
U.S. Senate
Tennessee
Paul Ryan
$1,500.00
U.S. House
Wisconsin
Jeanne Shaheen
$1,000.00
U.S. Senate
New Hampshire
Bill Shuster
$1,000.00
U.S. House
Pennsylvania
TAC PAC
$1,000.00
U.S. Senate
Oklahoma
The Hawkeye PAC
$1,000.00
U.S. Senate
Iowa
Paul Tonko
$1,000.00
U.S. House
New York
David Young
$1,000.00
U.S. Senate
Iowa

 

STATE AND LOCAL CONTRIBUTIONS

At times Whirlpool Corporation contributes, under legal guidelines, to local and state candidates or ballet issues that have an impact on the company or are deemed in the best interest of the local communities in which we operate. These contributions are in keeping with the values of our company and are consistent with our political policies.

WCPAC made the following contributions for U.S. Senate in 2013.

Terry Branstad
$1,000.00
Iowa
Keith Faber
$250.00
Ohio
Tom Patton
$250.00
Ohio

 

TRADE ASSOCIATIONS

Whirlpool belongs to a number of trade and professional associations at the national, state and local level. Our company’s position on public policy issues are often communicated through these organizations, which enables us to reach government officials more efficiently and in concert with industry partners. We do not always agree with the positions taken by these trade associations and we regularly communicate our specific position on a wide range of issues and policies.

Whirlpool receives, for income tax purposes, information from trade associations and tax-exempt organizations regarding the amount of our funds that are used for lobbying expenses and political expenditures according to IRS statutes. The following associations notified us that they spent either (a) $25,000 or more of the dues we paid; or (b) 10% or more of the dues we paid, on nondeductible lobbying or political expenditures.

Trade Association
Percentage of Dues Used for Lobbying/Political Expenditures
Association of Home Appliance Manufacturers (AHAM)
6%
Ohio Manufacturers Association
20%
National Association of Manufacturers
24%
Iowa Association of Business & Industry
25%
Michigan Chamber of Commerce
30%
Ohio Chamber of Commerce
30%
Tennessee Chamber of Commerce & Industry
30%
The Business Roundtable
44%
The Alliance for Responsible Atmospheric Policy
50%
US Chamber of Commerce
50%
Business Leaders for Michigan
60%
American Council on International Personnel
100%

 

CONTRIBUTIONS TO 527 ORGANIZATIONS

Whirlpool Corporation occasionally supports organizations operating under section 527 of the Internal Revenue Code. 527 organizations are U.S. tax-exempt organizations created primarily to influence the nomination, election, appointment or defeat of candidates for public office.

Whirlpool Corporation made no contributions to 527 organizations in 2013.