Macy's Participation in Government and Public Affairs

Overview:Macy's philosophy and policies on political activity reflect our strong commitment to giving back to the communities where our customers and colleagues live and work. We promote positive community involvement and encourage our colleagues to participate in community activities. As a good corporate citizen, we take seriously our responsibility and opportunity to assist policy-makers as they consider public policy questions that could affect our company, colleagues and customers.

Political Contributions:In the ordinary course of our business, from time to time we make corporate contributions to candidates for public office, to political action committees, and to business coalitions. We do not make independent expenditures in connection with elections.

Our political contributions are required to be made in strict compliance with all applicable laws and are subject to review and approval of our Law Department and annual review by a Committee of our Board of Directors. We maintain written policies intended to assure legal compliance, proper tax and accounting treatment, and timely reporting as required by campaign finance laws. The policy requires that we consider, among other things, a candidate's or committee's: 1) public integrity, 2) record on retail and business issues, 3) demonstrated willingness to support the retail position, 4) positions on non-retail issues that might reflect poorly on Macy's objectives, interests or values; and, 5) representation of a geographic area where Macy's has a business presence.

Macy's political contributions from corporate funds in 2018 were:

Contributions to candidates

$ 10,500

Contributions to political action committees

$ 34,500

Contributions to issue coalitions

$150,000

Total Political Contributions from Corporate Funds in 2018

$195,000

Political Action Committee:Macy's sponsors a political action committee called the Macy's Retail Issues Fund (MRIF), to make contributions to candidates for federal office that support our business and industry. MRIF is funded by voluntary employee contributions and administered by a board of directors including Macy's vice president of government affairs, corporate communications and internal audit. The board considers the factors listed above when making contributions from the fund. Additional information about MRIF is available at www.fec.gov.

Trade Associations and Other Tax-Exempt Organizations: In the ordinary course of our businesswe contribute to trade associations and othertax-exemptorganizations to help our colleagues remain informed about industry and government trends and activities. Many of these organizations engage in education and advocacy activities with policymakers on issues important to their members. While we may participate in these organizations we do not exercise control over them and we may not agree with all the positions of each organization. We support them because they help advance the policy and business interests of our industry, company, colleagues and customers.

The organizations to which we contributed $25,000 or more in 2018 are listed below. The portion of our payment the organization told us was allocated for lobbying is also shown.

Organization

Payment Amount Designated for Lobbying

American Apparel and Footwear Association

6,750

Business Roundtable

132,000

California Retailers Association

41,800

Cincinnati Business Committee

5,527

Florida Retail Federation

19,170

Illinois Retail Merchants Association

10,620

National Minority Supplier Development Council

0

National Retail Federation

83,389

New Jersey Retail Merchants

65,000

Ohio Council of Retail Merchants

4,725

Partnership for New York City

986

Pennsylvania Retailers Association

48,000

Retail Council of New York State

18,300

Retail Industry Leaders Association

39,000

Retail Association of Massachusetts

12,500

San Francisco Chamber of Commerce

2,256

Texas Retail Association

5,120

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Macy's Inc. published this content on 13 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2019 12:56:03 UTC