Skip to content
BOL Conferences
Thread Options Tools
#1548630 - 05/10/11 01:42 PM Underwriting raffle tickets
SmallTownGirl Offline
Member
Joined: Jan 2006
Posts: 76
For several years now we have paid for the printing of the raffle tickets a local church uses for their annual fundraiser. In exchange our name/logo appear on the back of the ticket and on their publicity posters with "printing courtesy of". We do not sell tickets on our premises nor do we allow them to hang the posters in our lobby. I would think we're okay with this -- no different than donating a prize to the raffle. Anyone disagree?

Return to Top
General Discussion
#1548843 - 05/10/11 04:49 PM Re: Underwriting raffle tickets SmallTownGirl
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Your examiner might if he or she learned of it. Except for credit unions, depository institutions generally are subject to similar rules relating to lotteries (which includes raffles of the type you describe). The FDIC's rules prohibit dealing in lottery tickets, and "dealing in" includes making the tickets.

It would not be difficult for anyone to make the connection between "making" tickets and paying for their printing, particularly with the attribution on the back of the tickets you've described.

It is different from donating a prize. Perhaps your bank should consider changing its future plans and start donating a prize rather than paying the cost of ticket printing.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top