Reverse raffle fundraising can earn high returns with very little upfront investment for many non-profits. In states that enable raffles as fundraisers, reverse raffle fundraising comes with a cash prize towards the last ticket being drawn. Dinner along with other prizes might be part in the event at very low cost.
Reverse raffle fundraising provides grand prize on the last ticket to be drawn as opposed towards the first ticket winning inside a standard raffle. Another difference back raffle fundraising is that the grand prize is usually cash. By using the raffle ticket sales proceeds to offer the prize, the fundraiser organizer do not have the upfront monetary outlay for a valuable grand prize. As the grand prize is won through the last ticket drawn inside a reverse raffle, there are lots of opportunities through the course of the drawing to enjoy better paychecks for the charity.
The Upside of Downs in Cleveland, Ohio used reverse raffle fundraising in partnership 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 during their reverse raffle in early 2010.
It is essential to verify the laws concerning raffles in each state, usually with all the Attorney General's office. Registered charities are allowed to conduct raffles being a fundraiser for most states.
The basic fundamentals of reverse raffle fundraising are raffle tickets, a substantial container to mix them in and draw them from, envelopes for the cash prize(s) along with a location to perform the actual drawing. With these few elements in position, a reverse raffle fundraiser could be simple or as elaborate since the non-profit cares making it.
A reverse raffle doesn't need to involve a dinner and even require the ticket-buyer being present. A youth sports league could retain the reverse raffle working with the last day of a normal season with the ball field while a symphony orchestra could conduct its reverse raffle in its annual fundraising gala. The more elaborate the setting, the greater the profits. However, an intricate setting can involve renting of banquet halls and also catering fees.
A simple setting for reverse raffle fundraising is often a dinner held in a very school cafeteria or even a church kitchen. Fraternal organizations including Amvets or perhaps the Elks can usually benefit from a reverse raffle through advantage with 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 for example coffee, tea and lemonade. Featuring a grand prize of $1000 as well as an additional $1000 in cash prizes distributed throughout the drawing, a tiny event of 100 people paying $50 per ticket can simply net greater than $2,500 after expenses.
Each ticket should contain every one of the necessary information such as the time and place of the drawing. The reverse of the stub or "receipt" portion of the raffle ticket should explain here is your chance process as well as any additional prizes being awarded.
Download a sample reverse raffle ticket here.
The actual drawing process within a reverse raffle fundraising event will often take around two hours with 100 tickets sold. If a non-profit decides to give away an overall of $2,000 in prizes, they need to allocate which tickets drawn will win the excess prizes. Attendees would appreciate having several opportunities throughout enter to win back their initial ticket fee of $50. A consolation prize of $100 may be website awarded for the first ticketholder drawn as well as the remaining $900 given in $50 increments spread evenly through the drawing, like every fifth ticket drawn.
The committee members ought to keep an accurate list from the exact order the tickets were drawn.
Short games can be played at intervals during the entire reverse raffle drawing to offer attendees a chance to win their way back into here is your chance. Anyone desperate to try their luck at winning an additional ticket will pay a small fee ($5 or $10) to participate in. Each person can draw a chip from a bag containing several white chips and one black chip. The person drawing the black chip wins a fresh ticket back into the drawing. Another method is drawing cards, while using highest or lowest winning the re-entry.
Reverse raffle fundraising may be a challenge, however the rewards can also be highly beneficial.
Upside of Downs of Greater Cleveland
University of Toledo Athletic Department