Frequently Asked Questions
Please view the list of FAQs below. Click on the question to see the answer!
What is the Grand Prize?
An oceanfront house in Rancho Palos Verdes, CA. Designed by renowned California architect Aaron Green, a protégé and associate of Frank Lloyd Wright, the 1959 residence is an exemplar of Midcentury Modern design. Situated on the Palos Verdes bluffs, the three bedroom, two bath, wood and stone home features a dramatic gabled roof, open-space floor plan, massive stone fireplace, redwood paneled walls, pool, enclosed garden, barbeque, hot tub/spa, two car garage and ocean views.
Who can buy a raffle ticket?
Anyone 18 years of age or older may purchase a ticket. Employees and members of the Board of Trustees of PVAC and Harrington Group, their spouses and children are excluded from participating. Any offer to participate is void where prohibited by law.
Do I have to be present at the drawing(s) to win?
No. You do not need to be present to win.
What happens to the proceeds generated by the raffle?
Proceeds from the 2017 Palos Verdes Dream House Raffle benefit the Palos Verdes Art Center/Beverly G. Alpay Center for Arts Education for children and adults. The mission of the Palos Verdes Art Center is to “inspire adults and children to create, appreciate and celebrate art.” Since 1931, its exhibition, education, and outreach programs have made the arts available, accessible, and affordable for the economically and ethnically diverse South Bay community of Los Angeles County, CA. Wide-ranging programs and exhibitions engage everyone from toddlers to seniors. Free art exhibitions, studio art classes and workshops, school-based art education, and community events are some of the Palos Verdes Art Center’s most significant offerings.
How does the raffle benefit Palos Verdes Art Center?
The funds generated help the Palos Verdes Art Center fund exhibition, education, and outreach programs making visual arts available, accessible and affordable.
Has the advertised Grand Prize been awarded in previous years?
Yes! The Palos Verdes Art Center’s Dream House Raffle has given away the advertised Grand Prize Seven Times and the Winner has picked the Palos Verdes Home Twice with over $14,300,000 in cash and prizes awarded in the previous 14 house raffles ! The Palos Verdes Art Center is one of the few house raffles to actually give away a house or the Grand Prize Cash prize of up to $4 million dollars.
How will winners be notified?
The name listed on the ticket will be notified by phone, email and U.S. mail using the contact info provided on the entry form.
Is my raffle ticket tax-deductible?
No. The IRS position is that amounts paid for chances to win in raffles, lotteries, or similar drawings for valuable prizes are wagers, and consequently do not qualify as deductible charitable contributions.
What if I don’t like, or I am unable to accept the prize I win? Is there a cash alternative?
Options: If fewer than 75,000 tickets (excluding 50/50 Add-On Tickets) are sold as of midnight Thursday, April 14, 2017, the raffle will be held as scheduled, and all prizes other than the Grand Prize will be awarded as advertised; but the Grand Prize Winner, instead of the choices advertised, will have the right to choose between (a) a sum equal to 50% of the Net Raffle Proceeds payable as a 20 year annuity in 240 monthly installments, not to exceed $4,000,000, or (b) a one-time cash payment equal to 70% of the amount described in the foregoing option (a), in each case, less withholding for federal and/or state income taxes.
If at least 75,000 tickets (excluding 50/50 Add-On Tickets) are sold by the Thursday April 14, 2017 deadline, the Grand Prize winner will be entitled to select one of the following: (a) the 2017 Dream House or (b) a 20-year annuity of $4,000,000 payable in 240 monthly installments or (c) a one-time cash payment of $2,800,000. The Grand Prize winner must make the selection in writing from among the three alternative prizes no later than 3:00 p.m. Saturday, May 27, 2017. Such choice is in the winner’s sole discretion. If the home is not available due to circumstances outside of the control of PVAC, as determined by PVAC, such prize shall not be available to the winner and the winner will instead only have the choice to choose between the 20 year $4,000,000 annuity of monthly installments or a one-time cash payment of $2,800,000. The Grand Prize winner is strongly urged to seek professional legal and accounting advice on the tax effects of election as to the respective choices.
Can I be entered into all drawings?
Where can I see the breakdown of all the prizes, deadlines, and drawings?
How much does a raffle ticket cost?
Raffle tickets are $150 each, 3-packs for $400, or 5-packs for $550.
50/50 Add-on Tickets, a new offering, are separate tickets that can only be purchased in conjunction with a primary raffle tickets. 50/50 Add-On Tickets are one for $20, 3-pack for $50 or 6-pack for $75.
One-half of the proceeds from the sale of 50/50 Add-on Tickets are used to create a jackpot prize for the winner of the 50/50 Add-on drawing. The winner will be awarded a sum equal to half the jackpot of the add-on drawing paid from non-raffle funds.
How many raffle tickets will be sold?
No more than 77,000 raffle tickets will be issued, only 75,000 tickets must be sold to give away the Grand Prize. There is no limit on the number of 50/50 Add-On Tickets for sale.
How many tickets can I buy?
You may purchase as many available tickets as you wish.
How do I purchase tickets?
To purchase tickets call 888-528-8805, 24 hour-a-day, seven days-a-week, or download the order form from CADreamRaffle.com and fax it to 310-997-3674 or mail it to Palos Verdes Art Center 2017 Palos Verdes Dream House Raffle, 5504 W. Crestridge Road, Rancho Palos Verdes, California 90275. Entries must include payment or credit card information (Visa, MasterCard, Discover or American Express) to be eligible. Email orders will not be accepted. Cash accepted via walk-ins only.
When will I get my ticket(s)?
As soon as your payment clears, your ticket(s) will be processed. All corresponding ticket stubs will be entered into the raffle drum and you will receive a ticket(s) receipt in the mail. Please allow four weeks for delivery. All tickets purchased before an entry deadline are included in a drawing even if the purchaser’s ticket receipt(s) arrives in the mail after the drawing date. Your ticket receipt is not required to prove winning status.
What are the Early Bird and Bonus Drawings and how do I qualify?
What are the Multiple Ticket Drawings and how do I qualify for them?
Each Multiple Ticket Drawing is an incentive drawing for ticket buyers who purchase more than one ticket. The earlier participants enter, the more Multiple Ticket Drawings they are entered into, and thus the more prizes they are eligible for. As soon as you purchase two or more tickets at the same time, ALL your tickets with identical names and addresses go into the additional Multiple Ticket Drawings (if the purchase deadline dates are met). You will be eligible for not only the Multiple Ticket drawing(s), but the two Early Bird Drawings and Grand Prize Drawings, as well. If you purchase two or more tickets by the first Multiple Ticket Deadline on February 17, 2017, your tickets will be entered in all three Multiple Ticket Drawings and all other drawings.
Can you tell me where the home is located?