Reverse raffle fundraising can earn high returns with little or no upfront investment for many non-profits. In states that enable raffles as fundraisers, reverse raffle fundraising comes with a cash prize to the last ticket to be drawn. Dinner along with other prizes could be part with the event at very low cost.
Reverse raffle fundraising provides the grand prize towards the last ticket being drawn as opposed to the first ticket winning inside a standard raffle. Another difference in the opposite direction 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 to get a 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 enjoy better paychecks 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 at this event was $4,000. The University of Toledo Athletic Department offered a $7,500 grand prize throughout their reverse raffle noisy . 2010.
It is important to verify the laws concerning raffles in each state, usually with all the Attorney General's office. Registered charities are permitted to conduct raffles being a fundraiser in many states.
The basic fundamentals of reverse raffle fundraising are raffle tickets, a sizable container to blend 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 because the non-profit cares to restore.
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A reverse raffle doesn't need to involve a dinner and even require the ticket-buyer to be present. A youth sports league could support the reverse raffle employing the last day of the regular season on the ball field while a symphony orchestra could conduct its reverse raffle in its annual fundraising gala. The more elaborate the setting, the higher the profits. However, a more elaborate setting can involve rental fees of banquet halls as well as catering fees.
A simple setting for reverse raffle fundraising is often a dinner held inside a school cafeteria or possibly a church kitchen. Fraternal organizations such as Amvets or Elks can benefit from a reverse raffle by subtracting advantage of the facilities they already own. An inexpensive meal to serve 100 people for reverse raffle fundraising incorporate lasagna, salad, rolls, dessert and non-alcoholic beverages including 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 easily net over $2,500 after expenses.
Each ticket should contain all the necessary information like the time and place of the drawing. The reverse with 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 in most cases 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 extra prizes. Attendees would appreciate having several opportunities throughout here is your chance to get back their initial ticket fee of $50. A consolation prize of $100 might be awarded for the first ticketholder drawn along with the remaining $900 given in $50 increments spread evenly with the drawing, like every fifth ticket drawn.
The committee members should keep an accurate list of the exact order the tickets were drawn.
Short games could be played at intervals during the entire reverse raffle drawing to give attendees a chance to win their long ago into here is your chance. Anyone needing to try their luck at winning a supplementary ticket will pay a small fee ($5 or $10) to participate. Each person can draw a chip beyond a bag containing several white chips the other black chip. The person drawing the black chip wins a brand new ticket back into enter. Another method is drawing cards, with all here the highest or lowest winning the re-entry.
Reverse raffle fundraising might be a challenge, but the rewards can also be highly beneficial.
Upside of Downs of Greater Cleveland
University of Toledo Athletic Department