Get the free disclosure statement for raffle form - sos state md

Indicate the name address and telephone number of any party with whom the assist in carrying out the raffle on behalf of the charitable organization for compensation and attach a copy of such an agreement 13. A copy of all agreements entered into between the charitable organization and the party that sold or is selling the real property to the charitable organization must be attached to the disclosure statement. Disclosure Statement for Raffles o...

How to fill out disclosure statement for raffle

How to fill out a disclosure statement for a raffle:

1. Start by gathering all the necessary information about your raffle, including the name of the organization hosting it, the date and location of the event, and the purpose of the raffle.
2. Include a section in the disclosure statement where you provide a detailed explanation of the raffle's rules and regulations. Specify the eligibility criteria, such as age restrictions or membership requirements, if any. Clearly outline how participants can enter the raffle and what prizes are being offered.
3. Clearly state the value of each prize being offered in the raffle. This could be a specific dollar amount or a description of the item being awarded. If there are multiple prizes, list them individually and provide accurate descriptions.
4. Include a section in the disclosure statement where you outline any fees or costs associated with participating in the raffle. This could include ticket prices, entry fees, or any additional charges.
5. Provide information on how the proceeds from the raffle will be used. If the raffle is being held as a fundraiser, specify the purpose of the funds and how they will benefit the organization or cause.
6. Include contact information for the organization hosting the raffle. This can be a phone number, email address, or physical address where participants can reach out for any additional inquiries or concerns.

Who needs a disclosure statement for a raffle?

1. Non-profit organizations: Non-profit organizations often host raffles as a way to raise funds for their charitable activities. These organizations are typically required to provide a disclosure statement to comply with local regulations and inform participants of the raffle's details.
2. For-profit businesses: In some jurisdictions, for-profit businesses may be allowed to host raffles for promotional purposes. These businesses may also need to provide a disclosure statement to ensure transparency and compliance with laws and regulations.
3. Community organizations and clubs: Community organizations and clubs, such as sports teams or community centers, may also hold raffles to raise funds for their activities. These organizations may need to provide a disclosure statement to inform participants of the raffle's details and comply with local regulations.

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What is disclosure statement for raffle?

The disclosure statement for a raffle is a document that provides detailed information about the raffle event, including financial information and details about the organization hosting the raffle.

Who is required to file disclosure statement for raffle?

Nonprofit organizations and other groups hosting a raffle are typically required to file a disclosure statement for the raffle.

How to fill out disclosure statement for raffle?

The disclosure statement for a raffle can usually be filled out online or by mail, providing necessary information about the raffle event and the organization hosting it.

What is the purpose of disclosure statement for raffle?

The purpose of the disclosure statement for a raffle is to ensure transparency and accountability in the fundraising process, protecting participants and donors.

What information must be reported on disclosure statement for raffle?

Information that must be reported on a disclosure statement for a raffle typically includes financial details, information about the organization hosting the raffle, and details about the raffle prizes.