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I know nothing about obtaining a raffle license but as far as being non-profit, in your situation, I would suggest not bothering. Instead, have Cornell handle the financial end of things. So a sponsor would donate money to Cornell, which should already be a 501(c)3 organization meaning that the company could get a tax deduction for the donation. This also reduces the amount of hassle you have to go through as the actual holding of accounts is done by someone else. This is what we're doing at RIT and so far it's seemed to work pretty well. Plus, it's easier to get people to donate money to RIT than it is to get them to donate to some random organization that may or may not be fly by night.
Matt
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