Under Section 849.0935 of the Florida Statutes, a tax-exempt organization may conduct a raffle provided that it conducts the raffle in accordance with the requirements set forth in the statute. The statute requires that any item that promotes that raffle (i.e. any brochure, advertisement, notice, ticket, entry blank, etc. must conspicuously disclose the rules governing the conduct and operation of the drawing.
 

1. ​The University of Florida Alumni Association is the organization sponsoring this raffle. The University of Florida Foundation’s principal place of business is 1938 West University Avenue, Gainesville, FL 32603.

2. The prize to be awarded will be paid for from the raffle proceeds. (Note – the purpose of this item is to disclose the source of funds used to award cash prizes or to purchase prizes as required by the Florida Statute)

3. The prize to be awarded is 50% of the raffle proceeds received.

4. The winner will be selected by drawing and the prize will be awarded at or very soon after the halftime break of the football game featured at the Watch Party. The drawing will be held at Inner Compass Brewing Company.

5. No purchase or contribution is necessary to acquire a ticket to participate in the raffle. The Manatee County Gator Club suggests a minimum donation in the amount of $5.00 USD to participate in the raffle or event.

6.  A maximum of 500 raffle tickets will be sold.

7. This raffle will be conducted in accordance with the requirements set forth in Section 849.0935 of the Florida Statutes.

8. A payment for a raffle ticket does not qualify as a charitable contribution and is not tax deductible.

9. University of Florida Alumni Association staff members and their family members are not eligible to win.

Other Information:

The value of the prize received by the winner in a raffle is included in the winner’s gross income. If the prize is in the form of goods or services, the fair market value of the goods and/or services is includable. The sponsor of a raffle that awards a raffle prize of $5,000 or more must withhold taxes from the raffle winner’s prize. In such event, please notify the UF Alumni Association’s Director of Alumni Volunteer Engagement, at (352) 846-3441 to arrange for withholding to be taken out.

The raffle cannot be preconditioned on a certain amount of tickets being sold.

Unless the raffle or auction is carried on primarily by volunteers, the earnings will be taxable as unrelated business taxable income.