Raffles / Silent Auctions
Another easy way to increase revenue is to hold a 50/50 raffle or silent auction during the event. State law requires non-profits to get a license if raffle winnings exceed $100 that day or is conducted outside the events scheduled date and time. A silent auction has no state restrictions and has a huge potential of making big dollars.
Gift Cards At A Reduced Price
We will off your group gift cards at a reduced price to sell to your guests at a great value. Example: You purchase $15.00 gift card from Shore Lanes for $5.00. Your group sells the card for $10.00 to friends and family. Your group just made $5.00 and the purchaser got a great value.
The Bottom Line
Let's assume the fundraiser will have 50 attendees. Without incorporating sponsorships, donations, raffles and a silent auction the non-profit will raise $500. ($10 X 50) Here's a projection incorporating sponsorships, donations, raffles and silent auctions. Let's assume a $25 participation fee. $10 goes to Shore Lanes and $15 goes to the non-profit for a non-profit net of $750. Donations should increase the net proceeds by at least $250. Raffles should increase the net by $100. Silent auctions should add at least another $500. That's a total net profit of $1,600 Non-profits are allowed to use any, all or none of these additional revenue streams.
Above prices are only examples and are not exact quotes.