Rules and Regulations for 2020 Trifecta Raffle

Rules and Regulations for 2020 Trifecta Raffle

RULES & REGULATIONS

The Bob Moog Foundation is incorporated as a 501(c)(3) nonprofit corporation under the laws of the State of North Carolina for the primary purpose of preserving and honoring the legacy of Bob Moog through science, education, and historical preservation. The Bob Moog Foundation’s 2020 Trifecta Raffle is conducted for the purpose of generating operating funds that allow the foundation to continue and grow its work.

PRIZE:  Purchase one or more raffle tickets during the raffle and you’ll be entered in a drawing to win one of the following three prizes:

  • First Prize – Moog Source, serial number 2628, with an estimated value of $2,800
  • Second Prize –  an updated Moog Prodigy, serial number 3078, with an estimated value of $2,500
  • Third Prize – Moog Rogue, serial number 3674, with an estimated value of $1,500

Winners will be drawn at random and announced on Friday, October 2nd, 2020.

All synthesizers being offered are in excellent technical and cosmetic condition. All have minor physical imperfections typical with vintage instruments. The Moog Source and Moog Rogue were expertly restored by Tone Tweakers. The Prodigy was thoroughly restored by Analog U.S. and has been updated with Synthrotek MST MIDI-to-CV Converter. The Bob Moog Foundation is only responsible for the instruments’ condition before they are shipped. We cannot make any guarantees about their condition after they are shipped, although we will take every precaution to ship them so that they arrive safely. 

Past and current employees of the Bob Moog Foundation and Moog Music, Inc. are not eligible for entry. Past winners are not eligible for entry (we love you guys, but let’s give someone else a turn!).

The raffle is open to participants worldwide. The raffle will offer three separate prizes to three separate winners. Contest void where prohibited. Raffle begins at 12:01am on August 31st, 2020 and ends at 11:59 pm on September 28th, 2020, or once all 4,500 tickets have been sold, whichever comes first. All times referenced are Eastern Time.

Ticket purchase will be confirmed via email. No physical tickets will be sent.

HOW TO ENTER: Go to the Bob’s Moog Foundation’s online store for more details and complete your purchase of an entry/ticket fee with your credit card. Raffle tickets are 1 for $25, 5 for $100, 12 for $200, or 35 for $500. Odds of winning are based on the number of ticket entries purchased, which has been capped at 4,500. Entrants must be 18 years of age or older to enter.

SELECTION AND NOTIFICATION OF WINNERS:  The Winner will be selected at random and announced on Friday, October 2nd, 2020. 

Once submitted, entries become the sole property of the Bob Moog Foundation and will not be returned. The Winner will be notified by telephone and/or email. If a potential winner(s) cannot be reached within 15 days from first notification attempt, or if an entrant is found to be ineligible, such prize will be forfeited and an alternate winner(s) will be selected by random drawing.

SHIPPING TERMS:  The Bob Moog Foundation agrees to pay up to $200 in shipping costs within the United States, and $300 internationally.  Any additional shipping and/or customs charges are the responsibility of the Winner.  By purchasing a raffle ticket you are agreeing to cover all fees over the above referenced figures prior to shipment of the prize.  Failure to do so will result in forfeit of the prize and an alternate winner(s) will be selected by random drawing.

TAX OBLIGATIONS:  The IRS now requires raffle winners to pay federal taxes on the raffle winnings at the time of the award.  However, the Bob Moog Foundation will assume the federal tax liability of 25% of MSRP to the IRS. If the winner of the synthesizer is from NC, they will pay 3% state tax to the Bob Moog Foundation. All local and state taxes are the sole responsibility of the winner. For any prizes valued at $1200 or more, the Bob Moog Foundation will file IRS Form 1099 MISC with the Internal Revenue Service reporting the value of the prize as income to the winner. Winners must show proof of their social security number to the Bob Moog Foundation. This is for tax recording purposes only, and will not be used or released for any other purposes.

MODIFICATIONS OR CANCELLATION OF DRAWING: The Bob Moog Foundation reserves the right to cancel or modify the Raffle at any time. If the raffle is canceled, all entries will be refunded.

INDEMNIFICATION AND LIMIT ON LIABILITY: As a condition of accepting a prize, winner acknowledges that the Bob Moog Foundation is not responsible for any harm, injury, or damage caused to any person or property, proximate or otherwise, through the use of any prize by any person, and agrees to save and hold harmless the Bob Moog Foundation, its principals and employees from any claim of such responsibility. Harm, injury or damage includes but is not limited to occurrences beyond the control of the Bob Moog Foundation such as death, bodily injury, property damage, or theft, or for failure of any manufacturer or dealership’s warranties.

GENERAL: Ticket purchases are not a donation and are not tax deductible. By entering the raffle, participants agree that the Bob Moog Foundation, its agents and employees have no liability whatsoever for any injuries, losses, or damages of any kind which result from the date of award. The prize is non-transferable, and cannot be exchanged for cash. The Bob Moog Foundation may use the winner’s name and likeness for publicity purposes without further compensation. The Winner agrees to send the Bob Moog Foundation two digital images of Winner with their vintage Moog for promotional purposes within two weeks of receiving the instrument. The Bob Moog Foundation reserves the right to modify these rules and will give prompt announcement of any rule changes. All decisions of the Bob Moog Foundation are final and binding in all matters related to this raffle.

RESTRICTIONS: By participating in the Bob Moog Foundation 2020 Trifecta Raffle, a participant agrees to be bound by these Official Rules, and by all decisions of the Bob Moog Foundation. 

ELIGIBILITY: Present and past employees of the Bob Moog Foundation and any immediate family members residing with the employees are not eligible to participate. Present and past Board members of the Bob Moog Foundation and any immediate family members residing with Board members  are not eligible to participate. Past and present employees of Moog Music, Inc. and any immediate family members residing with Moog Music, Inc. employees are not eligible to participate. Past winners are not eligible to participate. Must be 18 years or older to enter. Contest void where prohibited. You need not be present to win.

AFFIDAVIT OF ELIGIBILITY AND LIABILITY / PUBLICITY RELEASE OF GRAND PRIZE WINNER: The Winner will be required to sign an Affidavit of Eligibility and Publicity/Liability Release in order to claim their prize.

AUTHORITY AND CONTROL: The decision of the Bob Moog Foundation shall be final in all matters concerning the Raffle. The Raffle is subject to the laws of the state of North Carolina. The Raffle is void where prohibited by law. The Bob Moog Foundation is not responsible for any errors or omissions in the Raffle’s advertising and/or any printed, broadcast, or internet-provided materials or information.

For further information, please call (828)-258-1262 or write us at info@moogfoundation.org.

The Bob Moog Foundation is an independent, non-profit 501(c)(3) organization dedicated to promoting the legacy of Dr. Bob Moog.

We are not affiliated with Moog Music, Inc. Our support comes from people like you.