The Bob Moog Foundation has announced that it’s raffling off Lou Reed’s Moog Guitar as a fund riser for the Foundation.

The Foundation will be selling $50 raffle tickets for a chance to win one of Lou Reed’s Moog Guitars. Only 200 tickets will be made available.

Participants can purchase raffle tickets online at the Foundation’s online store. The raffle will close when the 200 tickets have been sold and a winner will be chosen by an automated random selector.

All proceeds go to benefit the projects of the Bob Moog Foundation. Employees and volunteers of Moog Music, the Bob Moog Foundation and Lou Reed are not eligible to participate in the auction.

Moog Music is donating the Paul Vo Collector Edition (1 of only 300) Moog Guitar, serial #005, signed and played by Lou Reed, to the Foundation. The instrument is a maple top Tiger Eye Flame with an ash body, maple neck and ebony fret board. Reed has signed the front of the guitar; his labels for the guitar’s controls remain on the instrument as well as the brackets for his guitar strap.

Lou Reed, best known as the former guitarist, vocalist and principle songwriter for the experimental rock band Velvet Underground, has enjoyed a prolific career as a solo guitarist known for the pioneering of many sound effects including distortion, high volume feedback and nonstandard tunings. His love affair with the innovative Moog Guitar began early, as he played the instrument in its prototype phase. Reed experiences the Moog Guitar for the first time in this YouTube video. Upon hearing the guitar for the first time, Reed exclaimed “This is amazing….this opens the door”. Reed performed on the Moog Guitar on the David Lettermen Show in the fall of 2008.

“The funds raised from this raffle will be of great assistance in expanding our Student Outreach Program, the program in which we bring Moog instruments in to the schools and teach children the science behind the sounds of electronic music,” Michelle Moog-Koussa, Executive Director of the Bob Moog Foundation acknowledges. “This program, even in its infant stages, has opened children’s minds and engaged their spirits to explore the extensive sonic possibilities that Moog instruments offer.”

The Bob Moog Foundation is a 501 (c) (3) non-profit organization whose mission is to carry on the legacy of Bob Moog through educating and inspiring children and adults through the power and possibilities of electronic music and through the intersection of science, music and innovation. The foundation has three main projects: preserving and protecting Bob Moog’s archives, creating a Student Outreach Program that brings electronic music into the schools, and its hallmark project, the creation of a Moogseum in Asheville, NC, for which it was recently awarded a $600,000 lead grant by the Buncombe County Tourism Development Authority.