So Obama’s former campaign is relaunching (again) as Organizing for Action. And they’re specifically launching as a 501(c)4 “social welfare” group and public policy advocacy, meaning that the new OFA can lobby and participate in campaigns, as long as the OFA focuses on social welfare. Of course, that’s where the money is: 501(c)4 orgs spend more on political ads than Super PACS. But most 501(c)4 orgs operate “in conjunction” with either parallel 527 committees or parallel (Super) PACS in order to either expressly advocate for candidates or spend money on getting out the vote. So I don’t think OFA will stay one organization for long, and an OFA Voter Fund will probably be created under 527 org rules in the future.