Adelante Scholarship Raffle Rules and Regulations
Tickets: Tickets are $100 each. Only one eligible person may be entered in the raffle per ticket. If the name of more than one person is submitted with a ticket purchase, and that ticket is selected as a winning ticket, then the person named first will be deemed the holder of record of that ticket and declared the winner. Division of prize by a group purchasing a ticket in common shall be the sole responsibility of the person named as the holder of record of that ticket, should that ticket be selected as a winner. Anyone 18 years of age or older is eligible to enter. Internal Revenue Service takes the position that no portion of the ticket price will qualify as a charitable contribution for federal income tax purposes.
How to Purchase: An individual can purchase as many tickets as he or she may wish, subject to availability. Tickets Are Available At MV YMCA Welcome Centers or by contacting Joe Agosto at firstname.lastname@example.org. Tickets can be purchased on the website as long as rules are accepted and acknowledged. All entries must include payment by check, money order, cash or credit card. MVYMCA reserves the right to reject any entry form that is submitted with payment that does not constitute “good funds.” No refunds will be made except under the following circumstances: any ticket order with payment received after all tickets have been sold or a minimum number of tickets (100) are not sold before the drawing. MVYMCA assumes no responsibility for lost, late, misdirected or non-delivered mail or fax messages, or any other failure to receive orders or deliver receipts prior to the drawing deadlines.
Selection of Winners: The Raffle Drawing will be held at on April 29, 2021 from all eligible raffle tickets. At the option of MVYMCA, the drawing date for the Grand Prize may take place earlier if all raffle tickets have been sold. Winner need not be present to win. Winner will be notified according to the contact information provided to MVYMCA at the time of ticket purchase. The name of the winner may be obtained from MVYMCA by sending a self-addressed, stamped envelope to MVYMCA ,360 Merrimack Street Lawrence, MA 01843 within one week of the drawing.
Winning Odds: Up to 250 tickets will be sold. A minimum of 100 tickets must be sold for drawing to be held. The odds of winning a prize will depend on the number of tickets sold. If all 250 tickets are sold the odds of winning the Grand Prize is 1 in 250.
Prizes: Subject to the sale of a minimum number of tickets (described above), the prize is $5000, payable by check. The value of the prize may be treated as ordinary income to the winner for federal and state income purposes and is subject to tax withholding. The winner is responsible for all applicable state and federal taxes and will be required to fill out the applicable withholding forms.
Net Raffle Proceed: Proceeds will be calculated based on MVYMCA accounting, which shall be final and conclusive with respect to the Prize Winner. For these purposes “Net Raffle Proceeds” are defined as the balance of funds left after paying all other prizes, all raffle expenses and all expenses for the prize. Raffle proceeds benefit the Adelante Scholarship Fund.