Stories » Pit Crew Challenge Raffle - $650,000 in prizes!
Pit Crew Challenge Raffle - $650,000 in prizes!
submitted by Noen on Wednesday, March 2 2005 at 4:39 PM
The Pit Crew of The Future Say NO to Drugs & YES to Education Program was founded in the 1970’s by Benny Vickers, champion Drag Racer.
-All proceeds from the fundraiser are used to carry out the mission of The Pit Crew of The Future Program, which emphasizes the importance of learning, maintaining good grades and teamwork
-The Pit Crew of The Future Program is a 501C3 Non-Profit Organization, your donations are tax deductible
-Only 10,000 numbered donation receipts are available. Each receipt requires a $50.00 U.S. donation to the program. Your donation gives you a chance to win one of these prizes:
--2005 Dodge 4-Door Hemi-Powered Pickup --2005 Chrysler PT Cruiser Convertible --2005 Custom Built Motorcycle --28 foot Dual Axle Haulmark Trailer --Customized Golf Cart --Motorized Kids Go Cart --8 ea. Richard Petty Rookie Driving Experiences at Lowe’s Motor Speedway --220 Cash prizes as follows: 5 ea. $1000.00 Cash Prizes; 5 ea. $500.00 Cash Prizes; 10 ea. $100.00 Cash Prizes; 200 ea. $50.00 Cash Prizes
-Your odds of winning one of the 230 fabulous prizes are 1 in 43, which are absolutely fantastic odds! And you do not have to be present to win!!
Am I the only one to notice that if they indeed sell 10k tickets at $50 each, they will only have made $500k, and thus lose $150k if they are indeed giving out $650k in prizes?
it's a non-profit raffle, as such many of the items to be given out were donated.
For instance, all the richard petty driving experience slots were donated, and they run 1300-1500 bucks each, most of the non-cash awards are donated as well.
Those prizes are more than likely donated by various companies as in-kind donations (goods and services).
I work for a non-profit and I know that's how we get by, especially when doing fundraisers with prizes (when I interned there, I had to call around to various businesses and try to get incentives for people to donate).