The Charitable Sweepstakes Enabling Act (CREA) provides qualified organizations with the opportunity to organize up to four drawings per calendar year, with certain specifications. Austin FC and Q2 are committed to creating a community in Central Texas where everyone has access to the resources they need to thrive. This is why they have joined forces with the Texas Nonprofit Summit, the industry's premier training and networking event, to support local non-profits dedicated to promoting diversity, equity, and inclusion. CREA states that the organization must have the prize in its possession or property or must deposit a bond with the county clerk in which the drawing will be held for the full amount of the monetary value of the prize.
To be eligible for a contest or sweepstakes under CREA, an organization must be a 501(c)(3) nonprofit organization or a governmental entity and must have been in existence for at least one year prior to the drawing date. The organization must also provide notice of the drawing at least 30 days prior to its occurrence. Contests and sweepstakes can be an effective way for non-profits to raise funds for their cause. By offering prizes such as cash or merchandise, non-profits can attract more participants and generate more donations. Additionally, contests and sweepstakes can help raise awareness about an organization's mission and goals. Non-profit organizations based in Central Texas have a great opportunity to benefit from contests and sweepstakes organized under CREA.
By complying with all requirements set forth by CREA, non-profits can use these contests and sweepstakes as an effective way to raise funds for their cause.