600.8 - Raffle Policy
University Group Policy #600.8
#. Policy Statement
North Carolina General Statute 14-309.15 permits non-profit organizations recognized officially as tax-exempt to conduct two (2) raffles per year with total prizes for both raffles not to exceed $10,000.00 in cash or $50,000.00 if merchandise is used as a prize. Winston-Salem State University establishes this policy to insure compliance with this statute.
Raffles will only be allowed in exceptional circumstances under the University’s allowed two raffle limit.
- Any campus organization or association seeking to conduct a raffle under the University’s tax-exempt status must seek and obtain express written approval from the Chancellor or the Chancellor’s designee.
- Any campus organization wishing to use a permissible University raffle must submit a written request to the Chancellor on a form provided by the Chancellor.
- The letter of application should include a statement of the value of the prize to be awarded and state why a particular request justifies using one of the two raffles allowed by the University each year.
- No raffle may be held until written approval is received from the Chancellor or the Chancellor’s designee.
This policy is applicable to every Winston-Salem State University organization or association that does not have a separate tax-exemption recognition from the Internal Revenue Service.
Responsible Division: Office of the Chancellor
Authority: Board of Trustees
- Adopted March 18, 2005