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Have You Tried a Raffle Fundraiser?

2014 September 29
by Raffle Tickets

Raffles are easy to organize and the tickets are generally easy to sell. However, because raffles are a type of lottery, there are laws that govern this type of fundraising (refer to “Raffle Laws & Requirements“). Before you commit, see what’s involved in planning a raffle fundraiser. This will help get you started.

try-raffle-fundraiser

Money Raffle: Monetary raffles can be arranged for just about any price range. Example 1: Sell 300 raffle tickets for $100 per ticket. Income is $30,000. First Prize-$10,000; Second Prize-$5,000; Third Prize: $2,500. Fourth Prize: $500. Profit is $12,000. Example 2: Sell 400 raffle tickets for $25 per ticket. Income is $10,000. First Prize-$3,000; Second Prize-$1,500; Third Prize-$750. Fourth Prize: $250. Profit is $4,500. Or, set the prizes at a monetary percentage of the money collected from the raffle. For example, first prize wins 25%, second place wins 15%, and third place wins 10%. Fifty percent of the collected funds will go to the school fundraiser.

Fifty-Fifty Raffle: A monetary raffle where half of the money collected goes to a single winner.

Single-Prize Raffle Option 1: Sell inexpensive raffle tickets (i.e. $1.00) and offer just one item as the prize. In this case the prize does not need to be a high dollar item, but we do recommend that it be something the kids will want to win. Your draw for this type of raffle is that the kids will encourage the parents to buy a chance to win and the parent will want to support your fundraiser with an inexpensive purchase. And again, try to ask for the item to be donated or ask a company to sponsor its purchase. For example, in December have a large airblown inflatable holiday lawn decoration (6′-8′). Video game systems, bikes, or stereos are all items a child would love to have.

Single-Prize Raffle Option 2: Sell inexpensive raffle tickets (i.e. 1 for $5.00 or 6 for $25.00) and offer just one item as the prize. In this case the prize is a more expensive item. One school I visited raffled off a Bose Wave Radio (retail value approximately $500) and raised over $4,000 on this one raffle.

Multiple Prizes Raffle: Sell inexpensive raffle tickets (i.e. $1.00) and offer three or four items as raffle prizes, with the largest item as the First Prize. These can be just about anything, depending on the theme of your raffle (i.e. electronics, trips, or tickets to professional sporting events).

Squares Raffle: Draw a grid of 50 or 100 squares on a piece of paper. Number each square with a unique number (1 to 50 or 1 to 100). Sell squares for $5, $10, $15, or $20 each. Set the prizes at a monetary percentage of the money collected from the raffle. For example, first place wins 25%, second place wins 15%, and third place wins 10%. Fifty percent of the collected funds will go to the school fundraiser. The draw to this type of raffle is that everyone can see that only a limited number of squares are sold so the chance of winning is high.

Calendar Raffle: A calendar raffle runs for an entire month. Create a calendar and designate one prize to be given away on each day of the month. Draw one name each day to win that prize. Try to obtain sponsored prizes (i.e. gift certificates, electronics, sports equipment, etc.). Monetary prizes (i.e. $25, $50) can be given away if you cannot obtain donated prizes for each day, but these will eat into your fundraising profits. Sell calendars for $10, $12, or $15 each.

Gift Basket Raffle: See Gift Baskets.

The ideas for raffles are endless. let’s hear of your ideas and successes!

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