The Catholic Schools Raffle returns this winter to St. Agnes School in Osakis.

The fundraiser gives residents the chance to turn a $5 ticket into a brand new car or $20,000 in cash while supporting the local Catholic school.

Starting Jan. 11, students from St. Agnes will join students from 90 other schools across Minnesota, North Dakota and South Dakota in selling the $5 tickets.

Each ticket purchased gives buyers the opportunity to win a 2019 Chevy TRAX (or $20,000 in cash), or other prizes totaling $40,000 in value.

Every penny of every ticket sold will stay at St. Agnes, according to the raffle's sole sponsor, Catholic United Financial. The St. Paul-based company provides all the prizes and promotion materials for the raffle at no cost to the participating schools.

"Catholic United's mission since our founding 140 years ago has included supporting Catholic education, and we couldn't be happier or more proud to support our schools with the Catholic Schools Raffle," said Catholic United President Harald Borrmann in a news release. "Since the program started, we have invested nearly $1 million in the raffle because we understand how this unique fundraiser greatly benefits the students and their teachers."

Now in its 10th year, the Catholic Schools Raffle has raised more than $7 million for Catholic schools in Minnesota, North Dakota and South Dakota. This year, Catholic United is challenging the 90 participating schools to collectively raise $1 million during the six week selling period.

To help reach this goal, St. Agnes hopes to sell enough tickets to raise $20,000. The money raised allows schools like St. Agnes to provide tuition assistance, update technology systems, or to cover the cost of special learning opportunities like guest speakers and field trips.

Ticket sales will run through Feb. 24. Tickets are only available at participating schools.

A grand prize drawing ceremony will take place at 11 a.m. on Tuesday, March 5 at the Catholic United Financial Home Office in St. Paul. Raffle updates and a full list of participating schools can be found on Facebook at www.facebook.com/CatholicSchoolsRaffle.

About Catholic United Financial

Catholic United Financial is one of the largest fraternal life insurance associations in the Upper Midwest, serving more than 80,000 members in Minnesota, North Dakota, South Dakota, Wisconsin and Iowa. As a not-for-profit company, Catholic United transforms profits from the sale of life insurance, annuities and retirement products into programs that support and amplify the Catholic community's ability to thrive and grow. To learn more, go to www.catholicunitedfinancial.org.