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What is an organization required to do with its raffle proceeds?

April 26, 2017organization proceeds raffle

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What is an organization required to do with its raffle proceeds?

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All raffle proceeds are to be disbursed according to Games of Chance Rules and Regulations Section 5624.21, “lawful expenditures”. Fraternal and service organizations are required to donate 1/3 of their net raffle proceeds to a charity or charities on a calendar year basis.