From: http://www.nonprofits.org/npofaq/11/06.html
"The fair market value of the purchaser's chance to win a prize is equal to
the price of the ticket. Hence there is no donation, only a purchase."
I can see where the cost to enter a raffle is, say, $10 but donors also
have the opportunity to make a $90 donation. So the correct answer is
probably, "consult a tax attorney."
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Andrew Schuricht
Consultant, Las Vegas Springs Preserve Project
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