The Nebraska Community Foundation works with community, organizational and donor-advised affiliated funds serving 250 communities located in 80 counties. NCF and its affiliated funds have reinvested $269 million in Nebraska since 1994.
Nebraska Community Foundation (NCF) and its affiliated funds cannot conduct raffles or lotteries as fundraisers.
A state license is required to conduct raffles or lotteries, and there are numerous specific requirements that must be met in order to be eligible for a license. NCF does not meet the requirements to qualify for a license; and as affiliated funds are not separate legal entities from NCF, they cannot apply/qualify for a license separately.
NCF and its affiliated funds may accept as a contribution the net proceeds from a raffle or lottery conducted in accordance with the law by an organization that holds a Nebraska license to conduct these types of fundraising activities. “Net proceeds” means the gross amount raised from the lottery or raffle less the associated expenses (including the 65% minimum payout amount, a 2% tax on gross proceeds and the out-of-pocket costs such as printing tickets).
NCF will not make disbursements to pay the costs associated with a lottery or raffle, regardless of whether the organization conducting the lottery or raffle has a license.
Doug and his wife, Judy, made a generous commitment to both the Imperial Community Foundation Fund and the Nebraska Community Foundation. Their gift comes in the form of a life insurance policy – $200,000 to ICFF and $50,000 to NCF – that will benefit both organizations in the future. Doug and Judy make tax-deductible contributions to fund the premiums on the policy, and the policy is owned by NCF for the benefit of ICFF and the NCF Endowment.Read more →