This article examines the nexus between democracy, elections, and political funding. A conceptual and normative analysis is conducted to explore these connections and their implications. The results of the analysis are integrated into a matrix, which depicts relationships among variables related to political systems, electoral systems, and types of political funding. A second layer is added to the matrix to include additional variables, such as political parties’ ability to generate revenue, society’s ability to fund political and electoral activity, the state’s role in public funding, and the geographical distribution of voters. The discussion that follows the analysis illustrates how the matrix can be used in various contexts. It can assist in determining the nature of funding required for specific elections and what would be feasible and politically acceptable. The matrix focuses on predominantly conceptual and normative outcomes but offers opportunities for empirical testing through comparative studies or case studies.