Reverse raffle fundraising can earn high returns with almost no upfront investment for a lot of non-profits. In states that enable raffles as fundraisers, reverse raffle fundraising comes with a cash prize on the last ticket being drawn. Dinner and other prizes could be part in the event at suprisingly low cost.
Reverse raffle fundraising increases the grand prize on the last ticket to be drawn as opposed to the first ticket winning in a standard raffle. Another difference in reverse raffle fundraising is that the grand prize is often cash. By using the raffle ticket sales proceeds to provide the prize, the fundraiser organizer do not have the upfront monetary outlay for the valuable grand prize. As the grand prize is won from the last ticket drawn in the reverse raffle, there are numerous opportunities over the course of here is your chance to make better money for the charity.
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The Upside of Downs in Cleveland, Ohio used reverse raffle fundraising together with their spring fundraiser in March, 2010. The grand prize as well event was $4,000. The University of Toledo Athletic Department offered a $7,500 grand prize in their reverse raffle in early 2010.
It is vital to verify the laws concerning raffles in each state, usually with all the Attorney General's office. Registered charities are able to conduct raffles as a fundraiser for most states.
The basic fundamentals of reverse raffle fundraising are raffle tickets, a big container to mix them in and draw them from, envelopes to the cash prize(s) plus a location to do the actual drawing. With these few elements available, a reverse raffle fundraiser may be simple or as elaborate as the non-profit cares to restore.
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A reverse raffle doesn't need to involve a dinner or even require the ticket-buyer to get present. A youth sports league could contain the reverse raffle working with the last day of the standard season in the ball field while a symphony orchestra could conduct its reverse raffle included in its annual fundraising gala. The more elaborate the setting, the higher the profits. However, a more elaborate setting can involve renting of banquet halls and also catering fees.
A simple setting for reverse raffle fundraising is really a dinner held in a very school cafeteria or even a church kitchen. Fraternal organizations such as Amvets or perhaps the Elks can benefit from a reverse raffle through advantage of the facilities they already own. An inexpensive meal for everyone 100 people for reverse raffle fundraising can consist of lasagna, salad, rolls, dessert and non-alcoholic beverages including coffee, tea and lemonade. Featuring a grand prize of $1000 and an additional $1000 in cash prizes distributed throughout enter, a small event of 100 people paying $50 per ticket can certainly net over $2,500 after expenses.
Each ticket should contain all the necessary information such as time and place of the drawing. The reverse from the stub or "receipt" portion in the raffle ticket should explain the drawing process and then for any additional prizes to be awarded.
Download a sample reverse raffle ticket here.
The actual drawing process throughout a reverse raffle fundraising event will usually take about 2 hours with 100 tickets sold. If a non-profit decides to present away a total of $2,000 in prizes, they need to allocate which tickets drawn will win any additional prizes. Attendees would appreciate having several opportunities throughout the drawing to regain their initial ticket fee of $50. A consolation prize of $100 could possibly be awarded to the first ticketholder drawn and also the remaining $900 succumbed $50 increments spread evenly over the drawing, such as every fifth ticket drawn.
The committee members should keep an accurate list with the exact order the tickets were drawn.
Short games might be played at intervals throughout the reverse raffle drawing to provide attendees a way to win their made use of into here is your chance. Anyone desperate to try their luck at winning another ticket will pay a tiny fee ($5 or $10) to participate in. Each person can draw a chip away from a bag containing several white chips the other black chip. The person drawing the black chip wins a fresh ticket back into the drawing. Another method is drawing cards, using the highest website or lowest winning the re-entry.
Reverse raffle fundraising can be a challenge, nevertheless the rewards can also be highly beneficial.
Upside of Downs of Greater Cleveland
University of Toledo Athletic Department