50% of the Amount Raised
The winner will take 50% of the amount raised plus $500.
The maximum prize for all raffles held by a 501 c3 non profit in a fiscal year, according to Arizona law is $10,000. In the case that we meet this threshold before the raffle ends, we will end the raffle early.
Disclosure: If the raffle earnings reach taxable thresholds, we will be required to notify the IRS and provide the winner with tax forms for use in claiming the winnings on their federal taxes. If it reaches certain limits, we will be required to withhold taxes from the winnings.
The maximum prize for all raffles held by a 501 c3 non profit in a fiscal year, according to Arizona law is $10,000. In the case that we meet this threshold before the raffle ends, we will end the raffle early.
Disclosure: If the raffle earnings reach taxable thresholds, we will be required to notify the IRS and provide the winner with tax forms for use in claiming the winnings on their federal taxes. If it reaches certain limits, we will be required to withhold taxes from the winnings.