Reverse raffle fundraising can earn high returns with very little upfront investment for most non-profits. In states that enable raffles as fundraisers, reverse raffle fundraising supplies a cash prize for the last ticket being drawn. Dinner and also other prizes might be part of the event at really low cost.
Reverse raffle fundraising provides grand prize for the last ticket being drawn as opposed to the first ticket winning in the standard raffle. Another difference in reverse raffle fundraising would be that the grand prize is often cash. By using the raffle ticket sales proceeds to provide the prize, the fundraiser organizer don't 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 with the course of the drawing to earn more money for the charity.
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The Upside of Downs in Cleveland, Ohio used reverse raffle fundraising in conjunction with their spring fundraiser in March, 2010. The grand prize during this event was $4,000. The University of Toledo Athletic Department offered a $7,500 grand prize in their reverse raffle during the early 2010.
It is essential to verify the laws concerning raffles in each state, usually with the Attorney General's office. Registered charities are permitted to conduct raffles as a fundraiser in many states.
The basic fundamentals of reverse raffle fundraising are raffle tickets, a large container to blend them in and draw them from, envelopes for that cash prize(s) and a location to perform actual drawing. With these few elements set up, a reverse raffle fundraiser can be simple or as elaborate because non-profit cares making it.
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A reverse raffle does not have to involve a dinner or perhaps require the ticket-buyer to become present. A youth sports league could hold the reverse raffle working with the last day of the standard season with the ball field while a symphony orchestra could conduct its reverse raffle within its annual fundraising gala. The more elaborate the setting, the higher the profits. However, an intricate setting can involve leases of banquet halls and also catering fees.
A simple setting for reverse raffle fundraising is really a dinner held in a school cafeteria or even a church kitchen. Fraternal organizations for example Amvets or the Elks can be helped by a reverse raffle if you take advantage of the facilities they already own. An inexpensive meal to offer 100 people for reverse raffle fundraising can include lasagna, salad, rolls, dessert and non-alcoholic beverages like coffee, tea and lemonade. Featuring a grand prize of $1000 as well as an additional $1000 in cash prizes distributed throughout here is your chance, a little event of 100 people paying $50 per ticket can simply net more than $2,500 after expenses.
Each ticket should contain every one of the necessary information including the time and place of enter. The reverse in the stub or "receipt" portion of the raffle ticket should explain enter process as well as any additional prizes to become awarded.
Download a sample reverse raffle ticket here.
The actual drawing process within a reverse raffle fundraising event will usually take about 2 hours with 100 tickets sold. If a non-profit decides to present away a check here total of $2,000 in prizes, they ought to allocate which tickets drawn will win any additional 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 towards the first ticketholder drawn as well as the remaining $900 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 long ago into enter. Anyone needing to try their luck at winning an extra ticket will pay a small fee ($5 or $10) to sign up. Each person can draw a chip away from a bag containing several white chips then one black chip. The person drawing the black chip wins a whole new ticket back into here is your chance. Another method is drawing cards, with the highest or lowest winning the re-entry.
Reverse raffle fundraising can be a challenge, however the rewards may also be highly beneficial.
Upside of Downs of Greater Cleveland
University of Toledo Athletic Department