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If a Church Turned In the Winning Ticket

Topic closed. 7 replies. Last post 13 years ago by Littleoldlady.

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Algie's avatar - praying hands.jpg
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United States
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January 18, 2004
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Posted: January 18, 2004, 5:28 am - IP Logged

... would they have to pay federal or state taxes? Are 501c(3) corporations exempt from Lottery winnings? Has this ever been done?

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    United States
    Member #434
    June 30, 2002
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    Posted: January 18, 2004, 8:00 am - IP Logged

    I doubt a church would ever turn in a lottery ticket because to some parishoners the lottery is considered gambling and the church would look hypocritical.

    Even some of the churches that Jack Whittaker wanted to "tithe" to rejected his payments because of this.

      Mana's avatar - mana
      Virginia Beach
      United States
      Member #3375
      January 16, 2004
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      Posted: January 18, 2004, 8:06 am - IP Logged
      Quote: O

      ... insert witty quote here ...

      ... My behavior and apperance betrays my age ... but I'm good enough ...
      besides, people in person would still be afraid to talk to meh, even if I had millions ^^;

        Avatar
        Baltimore MD
        United States
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        October 31, 2003
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        Posted: January 18, 2004, 8:09 am - IP Logged

        Lottery playing is only hypocritical when preachers/priest/parishioners feel that the lottery player is taking monies away from the churches.  But, let that someone win the lottery big and give some of the winnings to the church.  Bet they will take the  monies then.  Is the church not being hypocrital still???? Double Standards!

          hypersoniq's avatar - 8ball
          Pennsylvania
          United States
          Member #1340
          April 6, 2003
          2450 Posts
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          Posted: January 18, 2004, 8:30 am - IP Logged

          If a non-profit group would claim a ticket, they would still need to provide their F.E.I.N. (Federal Employer ID Number), just as a group of individual "for profit" poolers would... I don't think the W-2G has a concession for 501c(3) corporations. It requires claiming if the amount won exceeds $600 or 300 times the original bet... You would probably need to consult a tax attorney to know for sure.

          Playing more than one ticket per game is betting against yourself.

            Algie's avatar - praying hands.jpg
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            Posted: January 19, 2004, 3:44 pm - IP Logged

            Yes, Mana, let's open it up to non-religious 501c(3)'s. Has one ever claimed a lottery?

            Hypersonic has a good point regarding the W-2G, however, the monies would be refunded at the end of the year if the 501c(3) had no tax liability?

            There's probably a law regarding the Lottery or we would have seen someone claim one in the name of a tax exempt entity. There's a LOT of tax money to be saved.

              6of6's avatar - lightening
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              Alabama
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              January 20, 2004
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              Posted: January 20, 2004, 8:57 pm - IP Logged

              I agree with bigmoney on this, if a tithe is payed from lottery winnings the church will take it with a smile. so i guess if the money comes from a member of the congregation and not directly from the lottery its okay, so really its about the channels from which the money is given to the church................anyway why would a member of said congregation be buying lottery tickets in the first place.

                Littleoldlady's avatar - basket
                Clarksville
                United States
                Member #487
                July 15, 2002
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                Posted: January 23, 2004, 5:33 pm - IP Logged

                What if a person anonymously donated the ticket to the church?  Do you still think they would turn it down?

                If you know your number is going to hit, have patience and then KILL IT!

                You never know when you will get another hit.