What are the rules and regulations of this raffle?
Answer - They are listed at the bottom of the raffle page. Please be sure to read that carefully.
Is Any Soldier registered 501(c)(3) organization?
Answer - Yes. A copy of the IRS letter is HERE.
What will be done with the proceeds?
Answer - All funds minus costs will go to Any Soldier Inc. and used as indicated HERE.
Would winning require payment of taxes?
Answer - Yes. The Rules and Regulations clearly state that the winner will be responsible for paying taxes on the house. These would include federal and state tax, as well as local property taxes. The amount of federal tax will be about 25% of the appraised value of the house. The winner can do one of two things - pay the taxes in cash (which most people don't have sitting in a bank account or obtain a mortgage on the house for the amount of the taxes, which any bank would be willing to do considering the mortgage would be collateralized by the large amount of equity the winner would have in the home. Then the winner could live in the house and continue to pay the mortgage, or, as is probably the case of most ticket buyers, sell the home, pay off the mortgage and retain the large profit.
Is the house is handicap accessible?
Answer - Not currently, but the house could always be remodeled to provide for accessibility- I'm sure a charity would be happy to take the donation even if it doesn't yet have ramps!
Is this in an area where the house could be used as temporary lodging for family members of Wounded/Recovering Warriors? In other words, could it be donated to an organization that provides that type of service? Or is there some other suggestion you could make for disposition of the house?
Answer - As far as zoning goes, you can easily obtain a zoning letter from the County which will tell you what uses are permitted.
What are the legal implications of "non-transferable"? Would it be possible to buy a ticket "in the name of" some identified non-profit, Warrior or Veteran organization that could make use of the house? (second question) Of course, if there were required tax payment of some sort, this would not be appropriate. But it seems to me that if this is possible, it would cut out a lot of "middle man" kind of hassles and expedite making the resource available to whatever organization is the recipient.
Answer - You could purchase the ticket in the name of another organization or charity, but of course it would be up to the organization whether or not to accept the prize. It is possible that the tax payment would deter a charity from wanting to accept it. If the ticket holder declines the prize, Any Soldier would draw another winning ticket. Then again, if the goal is to donate the home to charity, it is always also possible for an individual winner to accept the prize on their own behalf and then offer to sell the house to a charity for the price of the mortgage which the winner has obtained.