2023 Car Raffle Official Rules


PenFed Foundation 2023 Car Raffle (“Raffle”) is open to all residents, age 18 or older, of CO (Colorado), DC (District of Columbia), DE (Delaware), ID (Idaho), IL (Illinois), MD (Maryland), MO (Missouri), NC (North Carolina), NE (Nebraska), NH (New Hampshire), NV (Nevada), NY (New York), SC (South Carolina), TX (Texas), VA (Virginia), and WA (Washington). Individuals that are not residents of these states are ineligible for the raffle. Entrants, by participating in the Raffle, agree to be bound by these Official Rules and PenFed Foundation’s decisions. Void where prohibited or restricted by law. This Raffle is subject to all applicable federal, state, and local laws and regulations.


Eligible entrants may enter online beginning June 3, 2023, at 12:00 a.m. EST and ending August 3, 2023, at 9:00 a.m. EST. To enter online, entrants should follow the links and instructions to enter the raffle and submit the online entry form. Online entrants are subject to all notices posted online. All entries must be received by August 3, 2023, at 9:00 a.m. EST to be eligible. There is no limit on entries per eligible person.


One random drawing will be held on August 4, 2023 at 10:00 a.m. EST at 705 North Carolina Avenue, SE, Washington DC 20003. Winner need not be present to win.


Actual odds of winning are dependent upon the total number of eligible entries. There are 6,000 total raffle tickets available for purchase.


There will be one prize for this Raffle. Winner will receive one 2023 Toyota Corolla valued at $22,319.25. No substitutions, reassignments, or transfers of prize permitted. Winner is responsible for any other costs and expenses not specifically described above that are associated with the acceptance and use of the prize, including taxes and tags for the car. Winner is responsible for picking up the car from Vienna, Virginia, or the cost of transporting the car to their location.   


One randomly selected winner will be notified after 10:00 a.m. EST on August 4, 2023, by telephone or e-mail. Once notified, the winner will have five days to claim or forfeit their prize. If the winner forfeits their prize, a new name will be randomly drawn. Winner will be required to sign a publicity release, unless prohibited by applicable federal, state or local law or regulation.  


By participating in the Raffle, entrants agree to release, indemnify and hold PenFed Foundation harmless from and against any injuries, losses, damages, claims, actions and any liability of any kind caused in whole or in part, directly or indirectly, from participation in or resulting from the Raffle or the prize. PenFed Foundation reserves the right to modify prize award procedures.


PenFed Foundation, 2930 Eisenhower Avenue, Alexandria VA 22314


No refunds will be issued for raffle ticket purchases. The following PenFed employees are not eligible for the Raffle: PenFed Foundation employees, PenFed Credit Union employees involved in the planning of the 2023 Car Raffle, and residents in all states where we are prohibited from selling raffle tickets, (only residents 18 or older of CO (Colorado), DC (District of Columbia), DE (Delaware), ID (Idaho), IL (Illinois), MD (Maryland), MO (Missouri), NC (North Carolina), NE (Nebraska), NH (New Hampshire), NV (Nevada), NY (New York), SC (South Carolina), TX (Texas), VA (Virginia), and WA (Washington) are eligible to participate in the raffle). Void where prohibited by law.

Want to Make a Difference?

Consider a one-time or monthly gift to help our military heroes.