The National Corvette Museum is pleased to announce the launch of our new raffle site! We often get a discount on the purchase price and therefore, the winner is usually taxed at an amount below the MSRP. After the end of the year, the Museum will file a form W-2G with the IRS to report the value of the prize won and the taxes paid in by the winner.

The raffle drawing shall be held at the National Corvette Museum in Bowling Green, Kentucky. National Corvette Museum’s liability for any other claim is limited to refund of ticket prices.

As required by IRS regulations, winner agrees to pay 25% of vehicle cost in federal income tax withholding to NCM prior to release of the Corvette. All information on how to enter is on their website, and they are allowing online and mail in options in light of state lockdowns and social distancing measures.. First up, with a fast approaching deadline, is a build your own C8 Corvette option. Current GM dealer regulations do not allow a new US vehicle to be titled in the name and address of a non-US resident. Limited editions or limited availability unique vehicle options are not available for “Build Your Own” raffle options. OFFICIAL CONTEST RULES: By participating, you agree that: You can subscribe to our mailing list by filling out the form below and clicking on the "Subscribe!"
To pick up the vehicle, two forms of identification, one of which must be a photo ID will be required to prove that this person is the person on the winning ticket. However, the stubs will be kept on file at the NCM. 22nd Annual Corvette Raffle Grand Prize; 2020 C8 Mid-Engine CORVETTE Coupe - or - $65,000 Cash •( ** ) raffle change - The COVER Came Off - It is not a 2020 C7 Corvette it is a 2020 C8 Mid Engine Corvette • $85,000 MSRP • All-new mid-engine design • Well equipped • Free option of museum delivery ST. ANTHONY RAFFLE IS ONE OF THE At the drawing, the winner will be contacted based on the name and information on the ticket.
It’s important to note that if you don’t take your annual RMD, there is a 50% penalty!

The National Corvette Museum conducts a series of raffles each year as a way to raise funding for the day to day operations of the Museum.

Various staff members taking orders may have batches of tickets, and in this case, tickets may be sold out of order. “Build Your Own” winners will have 30 days to select their options, based on ordering options available at the time, or forfeit all claims thereto. If it weren’t for the NCM, the ACD Museum would be my favorite! Options that are on constraint in GM’s ordering system will not be available for “Build Your Own” raffles. The National Corvette Museum has no liability with regard to taxes and fees for the vehicle. Though not considered a charitable deduction, the big advantages of using eligible IRA assets as a payment to a charity are: First check with your tax advisor, but if you have an affinity toward helping the NCM and can afford to forego your RMD, taking advantage of the PATH incentive is not only a terrific benefit, but it may just help Ben Franklin from spinning. Material discussed is meant for general informational purposes only and is not to be construed as tax, legal, or investment advice.

These Official Contest Rules may not be waived, modified, or supplemented except by the National Corvette Museum. PAS is an indirect, wholly-owned subsidiary of Guardian. The National Corvette Museum has no liability with regard to taxes and fees for the vehicle. Options that are on constraint in GM’s ordering system will not be available for “Build Your Own” raffles. In 2006/2007, Congress passed legislation and the President signed into law that anyone over 70 1/2 could take funds from their Individual Retirement Accounts (IRA’s), including their RMD’s, and donate them directly to an eligible charity. Recently Written. The National Corvette Museum plans to raffle off an arctic white coupe with a red interior at its 26th anniversary celebration next month. R8C deliveries are viewed world-wide via the Museum’s webcams. All Rights Reserved, 350 Corvette Drive The National Corvette Museum is licensed by the Kentucky Department of Charitable Gaming under license number ORG0000854. No modification of these official contest rules shall be enforceable unless made by the National Corvette Museum. Therefore, the information should be relied upon only when coordinated with individual professional advice. After the end of the year, the National Corvette Museum will file a Form 1042 and 1042-S to report the value of the prize won and the taxes paid in by the winner. Non-US residents are still eligible to participate and to win the cash prize. As required by IRS regulations, winner agrees to pay 25% federal income tax withholding to the National Corvette Museum prior to release of the Corvette. Immediate family includes spouse, children, and children’s spouse. button. It’s important to be aware of these ages: You should log onto www.ssa.gov for an updated Social Security statement to discuss with your tax professional. button.

For any other vehicles, the cash option will be determined by the NCM. You can win a 1963 Corvette Convertible Sting Ray with your tax-deductible donation to the Auburn Cord Duesenberg Automobile Museum.

CorvetteBlogger.com covers all generations of the Chevrolet Corvette including C7 news, C8 spy photos, Corvette videos, auctions, prices and Corvette Racing.

Winner need not be present to win. Purchasers do not need their ticket stubs for any reason. For cruise prizes, the winner will receive a cruise on that specific ship on that specific date as advertised. There are discounts for larger purchases: five tickets are $10, 20 tickets go for $25 and so on, up to 7,200 tickets for $5,000, according to the schedule on the Corvette Heroes’ website. The 1963 Corvette is a documented, numbers-matching example equipped with a 327/300-hp V8 with a four-speed manual transmission, and an optional auxiliary hardtop. The winner will receive a copy of this also. Founding Father and star of the $100 bill, Benjamin Franklin is the author of that quote.

Purchasers do not need their ticket stubs for any reason. The raffle fundraisers are a tremendous help to the Museum and a large part of our planning and daily operation funds. The winner will receive a copy of this also. For cash prizes, 25% federal income tax … One method the Federal Government uses to induce taxation, even when the taxpayer would rather wait, is through forced Required Minimum Distributions (“RMD’s”) from your IRA or other retirement plans. Current GM dealer regulations do not allow a new US vehicle to be titled in the name and address of a non-US resident. Great road trip destination. The winner will receive a copy of this also.


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