Children's Museum Tuition Raffle FAQs 2019

How much are tickets?  

$50

How long will tickets be on sale? 

From May 6 through 11:00am on June 14.

Do I have to be present at the drawing to win?  

No. Ticket purchasers need not be present to win.

When will the winner be drawn?  

Friday, June 14 between 12:00pm-1:00pm at Children’s Museum (CM) Downtown, 2626 W. Broad Street, Richmond, VA 23220.

How can I purchase tickets?  

Tickets may be purchased online here or in person at CM Downtown until 11:00am on Friday, June 14.

How many tickets can I purchase?  

An individual can purchase as many tickets as they would like. Tickets must be filled out in the name of the purchaser. 

Is there a limit to the total number of tickets sold?  

No more than 10,000 tickets will be sold.

What is the value of the tuition contract?  

The value of the VA529 SM  Invest529 SM Account is $50,000.  For more detailed information about a VA529 SM Invest529 SM Account, visit VA529 SM 's website here. 

Does the winner pay taxes on the contract?  

Yes. Please consult your tax advisor regarding the current percentage of raffle winning withholding taxes. The Children’s Museum and VA529 SM are not responsible for the winner’s personal tax fillings.

Who is eligible to be the beneficiary of a VA529 SM Invest529 SM Account?  

There are no state residency or beneficiary age requirements for enrollment. For more information on beneficiary information please visit VA529 SM 's website here. 

How can a VA525 SM Invest529SM contract be used?  

Money saved with Invest529 may be used for many types of qualified higher education expenses including tuition, fees, housing, meal plans, textbooks, computers and related equipment, required supplies, special needs services and tuition at private or religious K-12 schools.

Is the purchase of a raffle ticket tax deductible?  

The Children’s Museum Tuition Raffle is registered with the Virginia Gaming Commission which stipulates that raffle ticket sales are not tax deductible.


Official Rules and Regulations can be found here.

For more information about Virginia529SM  and the Virginia529SM Invest529 SM, visit Virginia529SM's website here.