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

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Frequently Asked Questions

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What is the Silicon Valley Dream House Raffle?

The Silicon Valley Dream House Raffle is a large fundraiser. The raffle aims to raise funds for Yerba Buena Center for the Arts in its continuing effort to support the arts in the Bay Area. In addition to supporting YBCA, the raffle will be giving away over 2500 prizes, of which the grand prize is a Silicon Valley dream house or $4 million in cash.

How do I purchase raffle tickets?

What are the prizes?

Do you accept applications by email or sell tickets on the internet?

Tickets cannot be purchased on the raffle website or by email. However raffle reservations may be made on the raffle website by the purchaser and the order processed by a YBCA staff member at YBCA’s administrative offices.

How long will it take to receive my ticket in the mail?

At least two weeks. All tickets purchased before an entry deadline are included in a drawing even if the customer's portion of the ticket arrives after the drawing date.

How long will it take to receive my receipt by email?

Receipts are delivered within 5 minutes after an order is processed to the email address provided at the time of entry. If you did not receive your email receipt, check your SPAM folder or add office@siliconvalleyraffle.com as a trusted name in your address book.

Is this Dream House Raffle legal?

Yes it is. In the summer of 2001, the California Legislature amended the state constitution to allow eligible non-profit organizations to conduct raffles as a means of raising funds. Yerba Buena Center for the Arts is registered with the California Attorney General's Office to conduct this charitable raffle.

Will the drawing be audited?

Yes, an independent raffle auditor will audit the raffle as well as supervise the early bird drawings, the multi-ticket drawing, the 50/50 add-on drawing, and the grand prize drawing.

How much does a raffle ticket cost?

Tickets are $150 each, 3-packs for $400, or 5-packs for $550.

How many raffle tickets can I buy?

You may buy as many tickets as you like.

How many raffle tickets will be sold?

Only 75,000 tickets will be sold. The chances of winning are based on that number. If fewer tickets are sold, the chances of winning the Grand prize and other prizes improve. There are 2500 total prizes making the odds of winning a prize 1 in 30. Purchasing more than one ticket increases the chances of winning.

What are the odds of winning?

The odds of winning the Dream House or $4,000,000 in cash are based on the number of tickets sold. If all tickets are sold the odds of winner the Grand Prize are 1 in 75,000. There are over 2500 other prizes also available making the odds of winning a prize 1 in 30.

How many prizes are awarded?

2500 prizes are awarded including the grand prize dream house, vehicles, vacations, and electronics.

What are the Early Bird Drawings?

There are two Early Bird Drawings. This is meant to encourage people to purchase tickets sooner rather than later. If you purchase a ticket before an early bird deadline you are included in the early bird drawing, the subsequent early bird drawing AND included in the grand prize drawing. All tickets entered into the early bird drawings, as well as early bird drawing winners are included in the grand prize drawing.

Can you tell me more about Early Bird Drawing 1?

All tickets purchased by September 23, 2016 will be entered into the Early Bird Drawing 1. The Early Bird Drawing will take place on Wednesday October 5, 2016.

Prize: Winner's choice between a 2016 Tesla Model S or $50,000 cash

Can you tell me more about Early Bird Drawing 2?

All tickets purchased by October 21, 2016 will be entered into the Early Bird Drawing 2. The Early Bird Drawing 2 will take place on Wednesday November 2, 2016.

Prize: Winner's choice between a vacation for 10 to Tuscany, Italy (8 Day/7 Night) or $10,000 cash

What is the Multi-Ticket Drawing?

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.

  • Prize: 2016 Jaguar F-Type Convertible or $50,000

What is the 50/50 Add-On Drawing?

  • Price: 50/50 Add-On Tickets are one for $20, 3-pack for $50 or 6-pack for $75.

Guidelines for purchasing 50/50 Add-On tickets are as follows:

  • Only one method of payment and only one mailing address are permitted.
  • 50/50 Add-On Tickets must be ordered in conjunction with your raffle ticket.
  • 50/50 Add-On orders will not be accepted after your original raffle ticket order date.

Who benefits from this raffle?

The prize winners as well as Yerba Buena Center for the Arts.

When does the raffle start and when does it end?

The raffle begins on August 15, 2016 and ends on November 18, 2016. If all tickets are sold before the November 18th deadline, the raffle will end sooner.

When will the prize drawings be held?

Do I have to be present to win?

No.

How will the winners be notified?

Winners will be notified by phone based on the contact information provided at the time of ticket purchase. The winning names will also be posted on this website shortly after the drawing.

Who can buy a raffle ticket?

Any person 18 years of age or older. Employees and members of the Board of Directors of Yerba Buena Center for the Arts, employees of their agents, consultants, attorney, independent accountant firm, their spouses and children living in the same household are excluded from participating and are not eligible to win a prize. All federal, state, local laws and regulations apply. The raffle is void where prohibited or restricted by law. An affidavit of eligibility, provided by Yerba Buena Center for the Arts, may be required from prize winners.

Are raffle tickets tax-deductible?

No. The IRS does not allow raffle tickets to be a tax-deductible contribution.

Are raffle prizes considered income?

Yes. In addition, Yerba Buena Center for the Arts will withhold required federal taxes for all prizes over $5,000 in accordance with federal law and the organization will remit the balance of the cash prizes to the winner. All prize winners of prizes over $5,000 will be required to submit a W-2G in order to be awarded the prize.

Are there legal rules and regulations?

Yes. They may be viewed under the Rules and Regulations section of this web site.

How do I redeem my prize?

Prize winners will be contacted according to the contact information provided at the time of ticket purchase. In addition to a list of winners posted on the Yerba Buena Center for the Arts raffle web site, a list of winners may be obtained from YBCA by sending a self-addressed, stamped envelope to: YBCA Dream House Raffle, 701 Mission St, San Francisco, CA 94103, within one week of the Grand Prize Drawing date.

How do I get more information on Yerba Buena Center for the Arts?

Please visit http://www.ybca.org/ or call 415-978-2700.

How can I make a tax-deductible contribution to Yerba Buena Center for the Arts?

Please visit http://www.ybca.org/join/donateor call the YBCA Director of Development, Charles Ward at 415-321-1341.

Still have questions about the raffle that aren't answered here?

Please visit the Rules and Regulations section of this web site or contact the raffle office: office@siliconvalleyraffle.com.

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