Reverse raffle fundraising can earn high returns with hardly any upfront investment for several non-profits. In states which allow raffles as fundraisers, reverse raffle fundraising comes with a cash prize on the last ticket to get drawn. Dinner and also other prizes can be part with the event at suprisingly low cost.
Reverse raffle fundraising increases the grand prize on the last ticket to get drawn as opposed for the first ticket winning in the standard raffle. Another difference back raffle fundraising could be that the grand prize can often be cash. By using the raffle ticket sales proceeds to deliver the prize, the fundraiser organizer not have the upfront monetary outlay for any valuable grand prize. As the grand prize is won through the last ticket drawn in a reverse raffle, there are several opportunities through the course of here is your chance to bring in more cash for the charity.
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The Upside of Downs in Cleveland, Ohio used reverse raffle fundraising in partnership 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 throughout their reverse raffle at the begining of 2010.
It is important to verify the laws concerning raffles in each state, usually with 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 combine them in and draw them from, envelopes to the cash prize(s) as well as a location to perform the actual drawing. With these few elements in position, a reverse raffle fundraiser might be simple or as elaborate since the non-profit cares to really make it.
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A reverse raffle won't have to involve a dinner and even require the ticket-buyer to become present. A youth sports league could retain the reverse raffle employing the last day of the regular season on the ball field while a symphony orchestra could conduct its reverse raffle included in its annual fundraising gala. The more elaborate the setting, the greater the profits. However, a more sophisticated setting can involve rental fees of banquet halls along with catering fees.
A simple setting for reverse raffle fundraising is a dinner held inside a school cafeteria or possibly a church kitchen. Fraternal organizations like Amvets or Elks can benefit from a reverse raffle by subtracting advantage from the facilities they already own. An inexpensive meal to serve 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 tiny event of 100 people paying $50 per ticket can easily net over $2,500 after expenses.
Each ticket should contain all the necessary information such as the time and place of enter. The reverse in the stub or "receipt" portion of the raffle ticket should explain enter process and any additional prizes to get awarded.
Download a sample reverse raffle ticket here.
The actual drawing process within a reverse raffle fundraising event will most likely take about 2 hours with 100 tickets sold. If a non-profit decides to give away a complete of $2,000 in prizes, they should allocate which tickets drawn will win the excess prizes. Attendees would appreciate having several opportunities throughout the drawing to win back 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 more info given in $50 increments spread evenly with the drawing, including every fifth ticket drawn.
The committee members need to keep an accurate list of the exact order the tickets were drawn.
Short games could be played at intervals through the entire reverse raffle drawing to present attendees a chance to win their in the past into here is your chance. Anyone needing to try their luck at winning another ticket will pay a smaller fee ($5 or $10) to participate. Each person can draw a chip from a bag containing several white chips the other black chip. The person drawing the black chip wins a brand new ticket back into here is your chance. Another method is drawing cards, using the highest or lowest winning the re-entry.
Reverse raffle fundraising can be a challenge, but the rewards can even be highly beneficial.
Upside of Downs of Greater Cleveland
University of Toledo Athletic Department