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Nonprofits raffle off mansion for $100

A trio of local nonprofits are holding a million-dollar raffle to raise funds

Posted: August 20, 2009 10:45 p.m.
Updated: August 21, 2009 4:55 a.m.
 

For one lucky person, a $1 million mansion could cost only $100.

Three Santa Clarita Valley nonprofits are holding an online raffle that would give up to 40,000 people a chance to win the million-dollar prize. The “House of Your Choice” drawing will be held after the contest closes on Nov. 26.

The nonprofits — the Samuel Dixon Family Health Center, the Santa Clarita Valley Rotary Club and Carousel Ranch — will keep the difference.

“A million dollars,” said Maureen Micklich, a development coordinator for the Samuel Dixon Family Health Centers. “And for a $100 investment, my word!”

Several hundred tickets have been sold since they went on sale in April, Micklich said.

But if fewer than 15,000 are sold by the time the contest closes, the raffle ticket purchase will be treated like a simple, tax-deductible donation, Micklich said.

If there is a drawing, the winner would be able to choose between three grand prizes: $1 million toward a house anywhere in the continental U.S., 20 annual payments of $50,000, or $600,000 in cash.

Organizers recommend that if someone chooses the house, the actual purchase price shouldn’t be more than $600,000, as taxes and fees might end up making the grand total exceed the winnings.

Micklich said the fact that the prize money can be spent on closing costs, taxes and the like distinguishes this from other contests.

“Not only can you win the house,” Micklich said, “you can afford to win the house.”

 

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