i thought this should get a bump.
sorry i’m a broke student or i’d give it some thought.
Doug,
I just got done hugging and kissing my three year old son. All I can say is that my heart goes out to you…
Andy
Hey doug,
Cant you do one of those submit an entry for $xxx with xxx word length reason why you should get the car and the best one wins. I think these are legal. But I think I would use an independent panel to review the submissoins.
Probably should really talk to a lawyer.
Andy,
I hugged my 36 year old 280 lb son every time I was him. Keep it up.
Doug
DavHamm,
Thanks but I checked with an attorney on all this and she said it was illegal.
I am just going to sell it.
Doug
I train with a guy that is doing a raffle for his sons HS booster club. The local Mercedes dealer sold them a car really cheap and they are raffling it off. Maybe you could do somethign like that.
Contact me if you would like more details. I can get you in touch with the person that arranged it.
Thank you for the informtion.
The HS Booster Club is a not-for-profit tax emempt organization. They can do it.
Doug
A couple of things…
First I’m not questioning your attorney I just don’t understand. Why would it be any different “raffeling” or auctioning something off than simply putting a price on it? I know some TV show had a little thing on all of those people that were selling off property based on essays. You sent in “X” dollars with an essay and they picked the best essay and the winner. There were actually ALOT of these going on. Also rafelling or E-bay…not much of a difference. Just curious as to why it would be illegal?
Also in another post you mentioned you hugged your 280 lb son…is the same one that drove the cooper? That’s big dude in a little car.
~Matt
Sorry about your loss.
Did I miss where you state why you don’t want to just sell the car and donate the proceeds? If so sorry my memory isn’t that good. Anyway…
Have you thought about forming a charitable organization in your sons name. If you already have an attorney they should be able to help you with the paper work. Even though I highly doubt the paper work can be that complicated because when I was in college on of my fraternity brothers died and we (a bunch of drunk, high, morons) managed to properly form one that now almost 10 years later is still raising money and issuing small scholorships.
Also if in the future you were to raise more money (maybe one day you wake up and decide to start a crusade against druck driving) you will have the foundation already formed.
Just a thought.
I am sorry to hear about your loss.
I work as a fundraiser in Ontario, Canada, and had a donor donate a VW Camper to the hospital foundation I was working for, and while some specifics will be different, I can off some general advice.
You are correct, unless you have a charitable number, you can’t hold a raffle. In my jurisdiction, raffle licenses are granted by local municipalities, and only to recognized charities or not-for-profit groups. Not that there is a difference between the two.
In terms of setting up a foundation or registared charity, you should know that there has been a “crack down” on foundations for not following guidlines - too much money spent on “overhead”, not having proper financials (including independent audits) and not dispersing enough of the money they raise each year.
In terms of your car, I can offer the following suggestion (please keep in mind I don’t know the tax laws of the State of New York)
You can donate it to a charity that is able to offer tax receipts. You would be able to receive a tax receipt or credit for some or all of the value of the car. You will have to provide an independent appraisal of the value of the gift. Depending on your financial situation and the tax laws where you live, this could be very benificial from a personal prospective (let alone the joy of supporting a good cause). For example, you may be able to defer using the credit for up to five years…if you are expecting a one time increase in income, defering the credit to offset the extra taxes you would pay can be an advantage
Any major charity will have a donations/foundation officer who you can talk to about this - and will be more familier with the local tax laws. And talk to your own accountant.
MJuric,
Jason was a very big guy and he loved that MINI.
I am just going to sell it as fast as I can.
thanks,
Doug
Sshoreli,
I have raised several thousands for both BADD (bikers against drunk driving) and MADD (Motheres against drunk driving). Last year all the proceeds from my triathlon went to BADD.
I continue to raise money for MADD. We have toget the laws on drunk driving changed.
Thaks,
DougStern
Doug - I have been thinking about your post all weekend. We are at one of those milestones in our house as our oldest son is graduating high school in about a month. So, there has been a lot of reflection lately how blessed we are to have a son like him. He is a good student, athlete, musician and just an all around nice kid. College plans are forming and it is an exciting time. I can’t imagine losing him. May this time pass for you quickly but I hope the memories never do.
The reason why it is illegal is because in many states a raffle is considered an illegal lottery (i.e., a specific form of gambling) which most states prohibit unless certain organization conduct it or permits are obtained.
Doug,
Do you need the money from the sale of the Mini? It doesn’t sound like you do. Reason I ask is, although a raffle may be illiegal for you, charitable gaming is legal in most states, so perhaps you can do the raffle with the proceeds going to MADD or BADD. It would probably have to be in conjunction with one of those charities, but a way to continue doing the good you are already doing for those organizations.
Edit: Sorry, I must have missed originally the part in your post where you say you aren’t a tax exempt org, so ignore this piece of info you obviously already know.