Poker Tournament Fundraiser

[ssarge]

I actually think there are limits to what is allowed to be paid out in a 501-c-3 fundraiser. And I think they are fixed dollar limits, not a percentage. Does anyone have any hard data on this?

Thanks,

Scott

[bradrhod]

Gambling laws are state by state. IRS does not restrict how funds are raised, except that fund raising cannot be targeted to an individual. Washington state requires you to get a license, pay a fee and withhold some taxes in order to hold a gambling event for a fundraiser. You will see the gamut from state to state.