We're Giving Away a Kia Soul

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Kia Soul Asheville Win

Congratulations to last year's winner, Matthew Bradley with Insurance Services of Asheville

 

You can win too!

We're giving away a Kia Soul from Paramount Kia of Asheville and we want you to be part of the excitement. Anyone who makes a contribution of $250 or more to United Way of Asheville and Buncombe County’s Community Investment Fund is eligible to become a finalist. Complete rules are listed below.

 

 

Contest Rules

  1. What is the Grand Prize? One lucky person will win a brand new Kia Soul donated by Paramount Kia of Asheville.
  2. Who is eligible? Any US resident who is 18 yrs or older and makes a contribution of $250 or more to United Way of Asheville and Buncombe County’s Community Investment Fund during the 2016 Annual Community Giving Campaign. The drawing is limited to one entry per person. United Way reserves the right to determine the validity of the entries.
  3. There are two ways to be included in the contest:
    1. Donate at your place of work. Complete the pledge form and make sure to check the box to be included in the contest. Give them to your company’s campaign coordinator, who will forward it to United Way.
    2. Donate online. Using this system you will be prompted to establish your donation level and identify if you would like to be included in the drawing.
  4. Who is not eligible? United Way of Asheville and Buncombe County staff, board members, their immediate families and employees of the independent accounting firm that verifies and supervises the entries and drawing.
  5. How does the drawing work? 10 finalists will be chosen from among the total eligible entries every other week beginning in September 2016. Each of the finalists will be notified by telephone that s/he has qualified for the drawing and will be invited to attend the event at which the winner of the car will be drawn. All finalists must be present at the event to qualify for the Grand Prize.
  6. Who oversees the drawings? Carter, P.C., an independent accounting firm will verify and supervise the entries and drawing.
  7. What will happen during the drawing at the event? Each finalist must attend. Each will be asked to choose a single key from a group of keys. The finalist whose key opens the door to the car wins.
  8. Winner’s Responsibilities. The winner must pay all applicable taxes (including income tax), title, and registration fees. Personal income tax payment is based on 25% of the fair market value of the car. We will inform all semi-finalists of the estimated costs before they agree to put their name in the drawing. The winner must pay all associated fees and taxes on the day of the drawing, before taking possession of the vehicle.

    Because the prize is valued at more than $600, United Way is required to file IRS Form W-2G reporting the value of the prize as income to the winner. Winner must provide their social security number to United Way. This is for tax recording purposes only, and will be not be used or released for any other purposes.

    In order to ensure all semi finalists are clear about the full costs they will be responsible for should they win we’ve compiled some data:

    • The value of the car is just over $17k. 
       
    • According to the staff at Kia The amount due to them for sales tax/title and registration comes to $1,207.
       
    • According to our independent auditor Since the fair market value of the car is greater than $5000, the IRS requires 25% withholdings. The winner pays the withholding tax to United Way and in turn we pay the taxes to the federal tax authorities on your behalf. The 25% is $4,300 on that FMV.

      The winner will pay his/her pledge in full to United Way of Asheville and Buncombe County’s Community Investment Fund by December 31, 2017. Prior to taking possession of the vehicle, the winner must also provide a valid driver’s license and provide valid proof of auto insurance to United Way of Asheville and Buncombe County