The sixth annual Butte Cystic Fibrosis NCAA Basketball Calcutta will be held at the Butte Country Club on Wednesday, March 20, starting at 5:30 p.m. The public is welcome, but you must be 18 or older to attend. This Calcutta auction is licensed by the State of Montana and fully legal.
There will be free food and a no-host bar. Last year’s Calcutta brought in $180,400 in total bids on the teams in the NCAA Men’s Basketball Tournament with $162,360 (90%) returned to the bidders in cash prizes. More importantly, $18,040 (10% of the total bids) plus proceeds from Dutch Auction items and other donations raised a total of $25,000 for research to find a cure for cystic fibrosis.
Cystic fibrosis is a life-shortening chronic progressive genetic disease that affects a child’s digestive and respiratory systems, requiring extensive daily medication and therapy. CF kids look like every other child on the outside, but inside, their bodies are desperately fighting every minute of every day to stop the ruthless effect of a disease that is slowly stealing the nutrients their bodies need to function and destroying fragile lung tissue they need to breathe. CF kids must constantly guard against any respiratory illness. Even a common cold is life threatening to CF kids.
Because there are only 30,000 children in the United States living with CF, the FDA considers it an “orphan disease.” This basically means that since the patient population is so small, there is no major pharmaceutical company in the country that is willing to invest time and money into drug research. It simply isn’t profitable for them. Also, because of the relatively few CF patients, the Cystic Fibrosis Foundation receives very little federal funding and relies almost exclusively on private donations.
The Cystic Fibrosis Foundation has developed a research and development model dependent on private donations in massive grassroots fundraising drives across the country and, through its efforts, has made great strides in research and treatment discoveries that are improving the life expectancy of CF patients each year. But a cure will not be found without continued financial support from private fundraising events like this Calcutta.
The money raised in this Calcutta is not for the CF kids or their parents. It is for the CF Foundation so it can continue its research and find a cure for CF.
In the Calcutta, all 68 teams in the 2018 NCAA Men’s Division I Basketball tournament will be auctioned off to the highest bidder. Bidders can be one person or a team of people. There is no limit on the number of team members. Ten percent of the total money bid on teams will be donated to the Cystic Fibrosis Foundation. The other 90 percent of the total money bid goes into the “pot”. If your team wins only one game, you are guaranteed a share of the pot.
Last year's payout included $40,340 for first place; $19,363 for second place; $15,329 each for third and fourth places; $5,647 each for fifth through eighth places; $3,227 each for ninth through 16th; and $1,411 each for 17th through 32nd places.
For more information, contact Rick Anderson at firstname.lastname@example.org.