May
03

Can a Villa be a Grand Prize in a House Raffle?

By

Hello All,

This week I received an email from a homeowner interested in raffling their villa in another country. I see no reason why a nonprofit could not have a villa outside of the United States as their grand prize. I would start by talking to the gaming board in the state in which the nonprofit is located to be sure that the gaming board will approve the grand prize. The main concern for the gaming board is that it wants to be sure the prize can be awarded to the prize winner. Therefore, the villa owner will need to prove ownership, and the ability to transfer title.

Lastly, I think it would be important for the villa owner to connect with a well-known nonprofit organization. I think a beautiful villa could be a fabulous prize for someone to win, and an exciting fundraising event for the right nonprofit.

To your success!

Diane Giraudo McDermott

Categories : Just the Tips

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