Top 5 Raffle Fundraiser Prizes
Posted: Friday, February 03, 2006
by Sandra Sims
Step By Step Fundraising
When you are looking for a great fundraising idea a raffle hits the top of the list. Your school or non profit organization can raise thousands of dollars just with one simple raffle. Successful organizers recruit supporters including individuals and businesses to donate all of the raffle prizes. When all of your raffle prizes are donated there is no money going out the door for expenses except for raffle ticket printing.
Here are the top 5 raffle prize ideas that will get people’s attention:
1. Travel - Roundtrip Airfare, a package deal, a cruise, hotel stays, even airline miles all make great raffle prizes. Most people love to travel and the biggest obstacle is usually cost. Now if they win this raffle, they’ll just have to take some time off work and go.
2. Cars - Sports cars, Luxury cars, SUV’s in the newest model. Another great alternative is a completely restored classic / collector’s car. You may or may not be able to get this donated. If not, consider other types of prizes, since your profit will be higher if all items are donated.
3. Electronic Equipment - Big screen TVs, DVDs, and stereos are great raffle prize ideas. Just about everyone would love to win a new TV!
4. Gift Baskets – Gift baskets are very popular prizes. Wine & cheese baskets, bath baskets and movie baskets would all make a great raffle prize.
5. Gift Certificates – Gift certificates are some of the easiest raffle prizes to get donated. Gift certificate raffle prizes could be restaurants and retail stores like Home Depot or Best Buy. These make great secondary prizes or you can bundle several together to make raffle prize with a larger value.
With a little creativity and persistence, you'll be able to get some great prizes for your raffle!
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Top-level comments on this article: (3 total)pretty helpful...thanks! =)
Speaking from experience, anyone wanting to have a raffle needs to check with the laws of their state before they start! There's a fine line between gambling and raffle and the difference is in the state laws. In most cases, your state's Attorney General's website will provide you with the info you need.
As the article's links indicate, before a raffle is held, most states require organizations to obtain a charitable gaming license or permit. As with gambling laws, gambling permit and licensing requirements differ from state to state. As an example, Connecticut has six classifications of raffle permits based on factors such as the duration of the raffle and the total value of the prizes. After the raffle, many states require detailed documentation of tickets sold, funds collected, the value of the prizes, and the names of the prize winners for regulatory and tax purposes. Legal compliance is one of many reasons why organized record keeping will be important to the success of your raffle.
You will also want to contact your state attorney general or secretary of state for an accurate understanding of what it takes to conduct your raffle fundraiser.
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