Silicon Valley Dream House Raffle to Benefit Yerba Buena Center for the Arts
To Order: 888-999-4540

Silicon Valley Dream House Raffle to Benefit Yerba Buena Center for the Arts

Overview Early Bird 1 Deadline February 14

Rules

Raffle subject to rules and regulations below. If fewer than 75,000 tickets are sold the grand prize will become a cash amount equal to half the net proceeds, not to exceed $4 million.

Yerba Buena Center for the Arts Silicon Valley Dream House Raffle Official Rules and Regulations

Yerba Buena Center for the Arts (YBCA), a tax exempt organization under Section 501(c)(3) of the Internal Revenue Code, is conducting this raffle pursuant to California Penal Code Section 320.5, et seq, to raise funds for ongoing charitable purposes. The Rules and Regulations of the YBCA raffle are set forth below. By purchasing a raffle ticket the purchaser agrees to be bound by these rules and regulations. Yerba Buena Center for the Arts’ interpretation and application of the rules and regulations shall be final.

The Grand Prize Drawing for Yerba Buena Center for the Arts Silicon Valley Dream House Raffle will be held on Saturday, December 6, 2014. Tickets will not be sold after November 21, 2014. Tickets may sell out before that time. An independent raffle auditor will supervise the drawing. Prize winners do not need to be present to win.

Only 85,000 tickets will be sold. The chances of winning are based on that number. If fewer tickets are sold, your chances of winning the Grand Prize and other prizes improve. The IRS has taken the position that amounts paid for chances in raffles, lotteries or similar drawings for valuable prizes are not gifts, and consequently do not qualify as deductible charitable contributions.

If the House is chosen as the prize, the Grand Prize Winner assumes all fees, local, state and federal taxes (including but not limited to income taxes based on the value of the house), financing costs (including, but not limited to, closing costs, title insurance, and transfer tax and fees) which must be paid when the House is transferred to the winner. Likewise, there are federal taxes and there may be state and/or local tax consequences if the winner selects the alternate cash prize. (See Prizes section below) These consequences may apply to other prizes as well. YBCA takes no responsibility for any tax liabilities. Consult your tax advisor. This offer is void where prohibited by law, and all federal, state and local laws and regulations apply.

BY ENTERING THIS RAFFLE, ENTRANTS ACCEPT AND AGREE (1) TO BE BOUND BY ALL THE RULES, LIMITATIONS AND RESTRICTIONS SET FORTH HERE AND (2) THAT THEIR NAMES AND/OR LIKENESSES MAY BE DISCLOSED TO AND USED BY THE NEWS MEDIA AND MAY OTHERWISE BE USED BY YBCA FOR PUBLICITY PURPOSES AND IN LISTS OF PRIZE WINNERS TO BE PUBLISHED IN AREA NEWSPAPERS AND ANNOUNCED ON THE YBCA RAFFLE WEBSITE. OTHER RULES AND REGULATIONS MAY APPLY. PLEASE CONTACT YBCA IF YOU HAVE QUESTIONS. YBCA’S INTERPRETATION AND APPLICATION OF THE RULES AND REGULATIONS SHALL BE FINAL.

BY ENTERING THIS RAFFLE, EACH PARTICIPANT RELEASES YBCA, ITS DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS FROM ANY AND ALL LIABILITY FOR INJURIES, LOSSES OR DAMAGES OF ANY KIND CAUSED BY PARTICIPATING IN THE RAFFLE OR WINNING ANY PRIZE OR RESULTING FROM ACCEPTANCE, POSSESSION, USE OR MISUSE OF ANY PRIZE, AND EACH WINNER AGREES TO INDEMNIFY AND HOLD YBCA HARMLESS FROM ANY AND ALL LOSSES, DAMAGES, RIGHTS, CLAIMS AND ACTIONS OF ANY KIND RISING IN CONNECTION WITH OR AS A RESULT OF PARTICIPATING IN THE RAFFLE OR THE WINNER’S ACCEPTANCE OR USE OF ANY PRIZE.

EACH PARTICIPANT HEREBY WAIVES THE PROVISIONS OF CIVIL CODE SECTION 1542 WHICH STATES THE FOLLOWING: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR”.

Tickets:

Tickets are $150 each, 3-packs for $400, or 5-packs for $550. Only one method of payment, one name, and one mailing address are permitted per ticket pack. Only one eligible person may be entered in the raffle per ticket sold. If the name of more than one person is submitted with a ticket purchase, and that ticket is selected as a winning ticket, then the person named first will be deemed the holder of record of that ticket and declared the winner. Division of prize by a group purchasing a ticket in common shall be to the sole responsibility of the person named as the holder of record of that ticket, should that ticket be selected as a winner.

Early ticket purchases will be included in up to three drawings. Tickets purchased by September 26, 2014, will be eligible for the Early Bird Drawing 1 (drawing date on or about October 8, 2014). Tickets purchased by October 24, 2014, will be eligible for the Early Bird Drawing 2 (drawing date on or about November 5, 2014). All such tickets, including all winning tickets from Early Bird Drawings, will be included in applicable subsequent drawings as well as the Grand Prize Drawing.

YBCA reserves the right to reject any entry form that is submitted with payment that does not constitute “good funds.” All defective or physically altered entry forms will be immediately disqualified by YBCA. Prior to the Grand Prize Drawing, YBCA will make a reasonable effort to notify the individual and/or entity that submits such an entry form or one which has been rejected because the credit card or check did not clear that the entry has been rejected by attempting to make contact through the information provided at the time of submitting the purchase request. All orders for tickets for the Early Bird Drawings must be received and/or purchased by the indicated deadline. Any orders received after these deadlines will be held for the subsequent drawings, if applicable and Grand Prize Drawing. YBCA assumes no responsibility for lost, late, misdirected or non-delivered mail or fax messages, or any other failure to receive orders or deliver receipts prior to the drawing deadlines.

A RAFFLE PARTICIPANT'S SOLE AND EXCLUSIVE REMEDY FOR YBCA'S BREACH SHALL BE LIMITED TO THE RETURN OF THE PURCHASE PRICE PAID FOR HIS OR HER RAFFLE TICKET(S). IN NO EVENT SHALL YBCA, ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR REPRESENTATIVES BE LIABLE TO ANY PARTY FOR ANY LOSS OR INJURIES TO EARNINGS, PROFITS OR GOODWILL, OR FOR ANY INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY PERSON OR ENTITY WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

How to Purchase:

An individual can purchase as many tickets as he or she may wish, subject to availability.

To purchase tickets: use the order form provided and fax the order form to (408-300-5771) or you may mail it to YBCA Dream House Raffle, 701 Mission Ave, San Francisco, CA 94103-3138 or call 1-888-999-4540 providing your name, address, phone number along with your credit card number, credit card security code and expiration date. Tickets cannot be purchased on the raffle website or by email. Any entry form submitted by email will be rejected. All entries must include payment by check, money order or credit card. YBCA reserves the right to reject any entry form that is submitted with payment that does not constitute "good funds." No refunds will be made except under the following circumstances: any ticket order with payment received after 85,000 tickets have been sold or after November 21, 2014, will be returned. No other refunds are available except in the exclusive discretion of YBCA. YBCA assumes no responsibility for lost, late, misdirected or non-delivered mail or fax messages, or any other failure to receive orders or deliver receipts prior to the drawing deadlines.

Selection of Winners:

The Yerba Buena Center for the Arts Silicon Valley Dream House Raffle Grand Prize Drawing will be held on December 6, 2014 from all eligible raffle tickets. Winners need not be present to win. YBCA will conduct the Early Bird drawings on October 8, 2014 (Early Bird Drawing 1) and November 5, 2014 (Early Bird Drawing 2). The Bonus Multi-Ticket Drawing and Refer-A-Friend Drawing (See Bonus Drawings) will be held on December 6, 2014. The Early Bird Drawings, Bonus Multi-Ticket Drawing, Refer-A-Friend Drawing and Grand Prize Drawing will be held under the supervision of an independent raffle auditor. Winners will be notified according to the contact information provided to YBCA at the time of ticket purchase. If the grand prize winner cannot be located by 5:00 p.m., December 12, 2014, after attempting to make contact through the information provided at the time of purchasing the ticket, such winner will be deemed to have elected the onetime cash alternate prize and another winner will not be selected for such prize. In addition to the list of winners posted on the YBCA raffle web site, a list of winners may be obtained from YBCA or by sending a self-address, stamped envelope to YBCA Dream House Raffle, 701 Mission St, San Francisco, CA 94103-3138 within one week of the drawing.

In order to collect his or her prize, a ticket winner may be required to sign and deliver to YBCA: (a) a sworn affidavit of eligibility in accordance with these Rules and applicable law, including without limitation that he or she is at least 18 years old; (b) such written information as is required by any applicable tax and/or real estate laws, including without limitation his or her Social Security Number; (c) proof of identity in forms satisfactory to YBCA showing that the person claiming the prize is the same person who is named on the winning raffle ticket.; and (d) the winning ticket stub. Certain prize winners may be required to submit a W-2G, Form 5754 or similar tax form (provided by YBCA) for tax withholding purposes.

Winning Odds:

1700 total prizes will be awarded. Approximately 1 in 50 chances to win a prize. The odds of winning a prize will depend on the number of tickets sold. If all 85,000 tickets are sold the odds of winning the Grand Prize is 1 in 85,000. If fewer tickets are sold, the chance of winning the Grand Prize, Early Bird Prizes and all secondary prizes improves.

Eligibility:

Anyone 18 years of age or older and a U.S. resident physically residing in the United States and DC may enter. YBCA employees, members of the Board of Directors, authorized agents and employees thereof, consultants, attorneys, independent accountant firm, and their spouses and children living in the same household are excluded from participating and are not eligible to win a prize. All federal, state, and local laws and regulations apply. The raffle is void where prohibited or restricted by law. An affidavit of eligibility may be required from prize winners.

Prizes:

The Grand Prize is the home located in Los Altos, CA, and referred to in all raffle materials. Alternatively, the Grand Prize winner may elect to receive an annuity of $4,000,000 paid over 20 years or a onetime $2,800,000 cash payment (except as stated below). The Grand Prize Winner must make an election in writing between the house, the annuity, or the onetime cash payment no later than 5:00 p.m. December 12, 2014. If the home is not available due to circumstances outside of the control of YBCA, as determined by YBCA, the Grand Prize Winner will instead have no election as stated above and will instead have an election between an annuity of $4,000,000 paid over 20 years or a onetime $2,800,000 cash payment (except as stated below). A minimum of 75,000 tickets must be sold by November 21, 2014 for the Grand Prize Winner to have a choice of the House, the annuity of $4,000,000 paid over 20 years, or a onetime $2,800,000 cash payment alternate prize. If fewer than 75,000 tickets are sold by Friday November 22, 2014, the raffle will be held as scheduled, and prizes will be awarded as advertised with the exception that the Grand Prize Winner will receive a choice between sum equal to 50% of the Net Raffle Proceeds paid as an annuity over 20 years, not to exceed $4,000,000 or a onetime cash payment of 70% of the annuity value, not to exceed $2,800,000. Net Raffle Proceeds will be calculated based on YBCA accounting, which shall be final and conclusive with respect to the Grand Prize Winner. For these purposes “Net Raffle Proceeds” are defined as the balance of funds left after paying all other prizes, all raffle expenses and all expenses for the House. At the option of YBCA, the drawing date for the grand prize may take place earlier if all raffle tickets have been sold.

All vehicles come base model factory equipped and winner(s) are also solely responsible for any and all state or local license, title, registration, cost differential between the value of the car and the cash alternate prize, taxes, or fees associated with the vehicle, as well as insurance (proof of which must be shown prior to delivery) and pickup or delivery costs at the dealership as well as any non-standard options chosen by the winner and negotiated with the dealership. All winners of vehicles must make an election in writing between the vehicle and the alternative cash payment no later than 5:00 p.m. on the fifth business day after the drawing. All vehicles are subject to availability at the automobile dealer selected by YBCA and may be substituted with a comparable vehicle by YBCA or with the cash alternate prize.

Vacation travel prizes are as described on the raffle website. Travel is roundtrip from any continental US domestic airport. Travel is transferrable. Travel must be used within one year of the YBCA purchase date. All gratuities, taxes and fees are the responsibility of the winner and each vacation prize has a maximum value of no more than five thousand dollars in total. Winners of travel related prizes must comply with all applicable requirements and restrictions related to said prizes including without limitation applicable travel dates, age restrictions, liability waivers, travel documentation and reservation and confirmation procedures. All vacations are subject to availability and may be substituted with a comparable vacation prize.

Early Bird Drawings:

  • Early Bird Drawing 1:
    • Prize: Winner's choice between a 2014 Mini Cooper, 2014 Toyota Prius c, 2014 Ford Mustang or $30,000
  • Early Bird Drawing 2:
    • 1st Prize: Winner's choice between a vacation to Paris, France - 5 days/4 nights or $5,000 cash
    • 2nd Prize: Winner's choice between a vacation to Rome, Italy - 5 days/4 nights or $5,000 cash

Grand Prize Drawing:

  • Grand Prize: The Silicon Valley Dream House or $4,000,000 annuity or $2,800,000 onetime cash option*
  • 2nd Prize: Winner’s choice between an Audi Q5, Mercedes-Benz C 250 Coupe, BMW X3, or $45,000 cash*
  • 3rd Prize: Vacation to London, England - 5 days/4nights or $5,000 cash*
  • 4th Prize: Alaskan Cruise - 7 nights or $5,000 cash*
  • 5th Prize: Vacation to Amsterdam, Netherlands - 5 days/4 nights or $5,000 cash*
  • 6th Prize: Vacation to Barbados - 5 days/4 nights or $5,000 cash*
  • 7th Prize: Vacation to St. Andrews, Scotland - 5 days/4 nights or $5,000 cash*
  • 8th Prize: Vacation to Riviera Maya, Mexico - 6 days/5 nights or $5,000 cash*
  • 9th Prize: Vacation to Maui, Hawaii - 6 days/5 nights or $5,000 cash*
  • 10th Prize: Vacation to New York City, 5 days/4 nights, or $5,000 cash*
  • Prizes 11-1700:
  • 5 GoPro® HERO3 White Edition Camera
  • 1 Samsung® 40" LED Smart LED TV, 1080p, CMR240 w/ WiFi
  • 1 Samsung ®50" Smart LED HDTV, 3D, CMR 480, 1080p Resolution w/ WiFi
  • 1 Apple®13" MacBook Air, 256GB
  • 50 Apple® TV with 1080p HD, HDMI Cable Included
  • 5 Samsung® Google Chrome Notebook
  • 1Bushnell® Northstar 700mm x 3" Telescope
  • 3 Sony® 40" LED Bravia TV w/ WiFi, 1080p
  • 1 Canon® EOS REBEL T3i 18-55 IS LENS KIT
  • 1 Currie Electric Bikes IZIP E3 Vibe - Standard
  • 5 Wine Enthusiast Silent 12 Bottle Touchscreen Wine Refrigerator
  • 15 Apple® iPod nano - 16GB, Space Gray
  • 225 Naxa® 10" LED Digital Picture Frame
  • 575 Apple® iPod shuffle - 2GB, Space Gray
  • 265 Vivitar® 10 Mega Pixel Waterproof Digital Camera
  • 30 Supersonic® Micro System with CD and AM/FM Radio
  • 20 Sony® Bluetooth Stereo Headphones
  • 50 Bushnell® Back Track D-Tour
  • 75 RCA® Bluetooth CD Micro Audio System
  • 50 Samsung Blu-ray Disc® Player w/ Built-in Apps
  • 50 Naxa® 10" Swivel Screen Portable DVD Player w/USB/SD/MMC Inputs
  • 50 High Sierra® AT Ultimate Access 26" Wheeled Duffel
  • 40 RCA® Bluetooth Soundbar with Subwoofer
  • 20 iHome® Bluetooth Wireless Speaker System w/USB Charging
  • 20 Samsung® DV150F 16.2 Dual View Digital Camera, White
  • 30 iHome® Triple Charging Clock Radio w/2 Lightning Docks & USB
  • 20 Magellan® 4.3" GPS Navigation System w/Lifetime Maps and Traffic
  • 30 Sony® 16GB Walkman MP3 Player, Black
  • 25 Samsung® Galaxy Tab 4 7.0 8gb White
  • 10 Dyson® AM06 10" Air Multiplier, White/Silver
  • 15 Sony®Micro Music System with Bluetooth & NFC
  • * except as stated above

Bonus Drawings:

  • Multi-Ticket Drawing
    • Prize: 2014 Mercedes-Benz SLK 350 Roadster or $50,000 cash
    • Any individual who buys three or more tickets will be entered into the Multi-Ticket Drawing, subject to the following; to be eligible entrants must purchase three or more tickets during the same purchase, using one method of payment, using the same name on each ticket, and the same mailing address for each eligible ticket. For each eligible ticket purchased, a corresponding eligible ticket will be added into the Multi-Ticket Drawing. Three tickets purchased will have three tickets entered into the Multi-Ticket Drawing. Four tickets purchased will have four tickets entered into the Multi-Ticket Drawing, etc. Multiple tickets purchased at the same time are eligible for discounts. 3-packs are available for $400 and 5-packs are available for $550.
  • Refer-A-Friend Drawing
    • Prize: 2014 Fiat 500 or $15,000 cash
    • For every person who purchases a ticket and provides your name at the time of purchase, you will receive one ticket entry specifically for the Refer-A-Friend Drawing. If two people you refer each purchase a separate ticket, you will receive two entries, if three people you refer each purchase separate tickets, you will receive three entries, etc. Drawing will be held at the time of the Grand Prize Drawing.

General Terms and Conditions:

The House, if selected, will be transferred to the Grand Prize Winner “AS IS, WHERE IS, AND WITH ALL FAULTS”. YBCA DOES NOT PROVIDE ANY GUARANTEE OR WARRANTY, EXPRESSED OR IMPLIED, IN CONNECTION WITH THE HOUSE AND ACCEPTS NO LIABILITY OR RESPONSIBILITY REGARDING THE CONSTRUCTION OR CONDITION OF THE HOUSE. YBCA DOES NOT WARRANT THAT THE HOUSE IS OF MERCANTILE QUALITY OR THAT IT CAN BE USED FOR ANY PARTICULAR PURPOSE. NO EXPRESS WARRANTIES ARE GIVEN AND NO AFFIRMATION OF YBCA BY WORDS AND/OR ACTIONS WILL CONSTITUTE A WARRANTY.

At the time of closing, all federal and state income taxes based on the value of the House will be due from the Grand Prize Winner. If the Grand Prize Winner selects the annuity or the onetime cash payment instead of the House as well as winners of Early Bird Prizes, Multi-Ticket Prizes, Refer-A-Friend Prizes and Secondary Prizes over $5,000, all appropriate and required federal and state taxes will be withheld by YBCA in accordance with federal and state law and YBCA will remit the balance of the cash prizes to the winners. YBCA makes no guarantee that the Grand Prize Winner will be able to sell the House for a particular value, nor is there any guarantee that the Internal Revenue Service (IRS) will accept that value of the house for the purpose of determining any income tax that may be due from the winner. YBCA takes no responsibility for any tax liabilities. Consult your tax advisor.

ANY CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THE CONTRACT, OR THE BREACH THEREOF, SHALL BE SETTLED BY BINDING ARBITRATION ADMINISTERED BY THE AMERICAN ARBITRATION ASSOCIATION (PURSUANT TO ITS EXPEDITED PROCEDURES) UNDER ITS COMMERCIAL ARBITRATION RULES, AND JUDGMENT ON THE AWARD RENDERED BY THE ARBITRATOR MAY BE ENTERED IN ANY COURT HAVING JURISDICTION THEREOF.

Registration with the State of California:

By letter from the Attorney General’s office, Yerba Buena Center for the Arts has registered with the Department of Justice under Raffle Registration Number RF0002975. The official registration and financial information regarding Yerba Buena Center for the Arts can be obtained from the Attorney General's website [at www.ag.ca.gov/charities]. Registration does not imply endorsement.