Cash Raffle Terms and Conditions Credit Union Kids at Heart

Terms and Conditions for Entrants of the Hanscom FCU Charitable Foundation, Inc.
$20,000 Cash Raffle to benefit Credit Unions Kids at Heart

The $20,000 Cash Raffle to benefit Credit Unions Kids at Heart is available for entry to Hanscom Federal Credit Union Members who are 18 years of age or older and legal residents of the United States. By entering the Raffle, you agree that you have read, understood, and are bound by these Official Rules.

Members residing in Alabama, California, Hawaii, Indiana, Kansas, Montana, Louisiana, South Dakota, Utah, and Washington are ineligible to enter due to state laws and regulations. It is the responsibility of the entrant to determine whether the Raffle is permitted under the laws of the state in which the entrant resides. Void where prohibited.

Present employees, volunteers and agents of Hanscom Federal Credit Union, Hanscom FCU Charitable Foundation, Inc., Eastern Corporate Federal Credit Union (EasCorp), G.T. Reilly and Company as well as their immediate family (spouse, children, siblings, parents and in-laws) or members of their households are ineligible to participate in the raffle or win the prize.

All entrants understand and agree that they are entering to win a $20,000 cash prize. Each Raffle ticket represents one Raffle entry, and no more than 3,000 tickets will be sold for the Raffle. The prize will be awarded as a deposit into the winner’s Hanscom Federal Credit Union prime share account.

Raffle chances must be paid for by debit from a Hanscom FCU share or share draft account. There is no limit on the number of chances an individual may purchase. Before an entry is considered valid, Hanscom FCU must have successfully withdrawn the cost of the ticket from the Hanscom FCU account designated by the purchaser. Funds will be withdrawn in the order in which the entries are received and a unique ticket number will be assigned to the ticket. Depositing a ticket or any other material in connection with the raffle in the federal mail is a violation of federal law and may lead to criminal penalties.

Hanscom FCU Charitable Foundation reserves the right to refuse an entry and/or disqualify a winner, in its sole discretion, if it determines that any of these Official Rules are not met.

By participating in this raffle, entrants agree to release and hold harmless the Hanscom Federal Credit Union, Hanscom FCU Charitable Foundation, Inc., Eastern Corporate Federal Credit Union (EasCorp), G.T. Reilly and Company, and its or their employees, agents, volunteers or Board Members (individually or in their official capacities) from any and all claims, actions or liability in connection with or arising out of entrants participation in this raffle and entrant waives any claim to damages, including, but not limited to, punitive incidental, direct, indirect or consequential damages, including attorneys’ fees or cost of suit.

By purchasing a chance, the winner agrees to sign a letter provided by the Hanscom FCU Charitable Foundation acknowledging receipt of the raffle prize and to complete necessary tax documents. By purchasing a chance, the winner agrees to participate in any promotional event associated with this raffle, which may include publication of the winner's name and picture in newsletters, posters and/or Internet web sites. Questions regarding this raffle should be directed to Hanscom FCU Charitable Foundation at info@hfcucharity.org or by calling 781-698-2000.

Drawing to be held when the Hanscom FCU Charitable Foundation has sold all Three thousand (3,000) tickets or on July 9, 2021, whichever comes first. The drawing will be executed by G.T. Reilly and Company, an independent agent. Raffle proceeds, minus the cost of the prize, applicable state taxes, advertising and/or other expenses, will go to Credit Unions Kids at Heart.

Winner need not be present to win. The winner will be notified by email or phone within three (3) days of the drawing. If, within fourteen (14) days from the first attempted contact, the winner does not respond, another winner will be selected.

To claim the prize, winner must be at least 18 years of age or older, legal resident of the United States and a member of Hanscom Federal Credit Union. All applicable taxes are the responsibility of the winner based on the value of the prize. The value of the prize will be treated as ordinary income to the winner for federal and state income tax purposes. The winner may be required to pre-pay a portion of the tax liability prior to receiving the prize. The Internal Revenue Service takes the position that no portion of the ticket price will qualify as a charitable donation for federal tax purposes.

Proceeds from this raffle support Credit Unions Kids at Heart. If fewer than five hundred (500) tickets are sold, the Hanscom FCU Charitable Foundation may, at its option, cancel the drawing. In that event, funds will be returned to the purchasers through a deposit into the account and share of which the ticket was purchased.

No portion of the Raffle ticket price is considered a charitable contribution for purposes of tax deductibility. Net proceeds raised by Hanscom FCU Charitable Foundation benefit The Credit Unions Kids at Heart. The estimated percentage of the ticket price benefiting The Credit Unions Kids at Heart is 66.67%.

 In the event of a dispute regarding the rules or operation of this raffle, the laws of the Commonwealth of Massachusetts will apply. Void where prohibited by law.