Fund Raising Opportunity » University Presidential Messages On Fund Raising

Fund Raising - Bingos

If you want to make a killing with your fund raising efforts, there is probably no better way than to run a bingo. Contrary to popular belief, these events are not just for churches. Anybody can run one. If you don't know how and don't know what you'll need, this little checklist should give you just the info required to make your bingo a huge success.

Let's face it. People love to gamble and bingo is one of the most popular forms of gambling that there are. Yes, because it is gambling there are some legalities involved and a bit of red tape as far as paperwork, but if you're a charitable organization and have the necessary proof of this, you shouldn't have any trouble getting permission to run one of these.

The first thing you have to do is apply for a permit to run a bingo. You do this by submitting your organization's name and tax exempt number. This is required to prove that you are indeed a charitable organization. All of these have tax exempt numbers. If you don't know where yours is, just call your mother organization and they'll tell you how to get a copy of it. Please don't lose this information. You'll need it for a lot of fund raising activities that you do.

After you get your permit to run a bingo, the next thing you have to do is get your supplies. There are companies that specialize in bingo supplies. You'll need the bingo cards themselves, chips for people to use in order to cover the numbers when called and finally the drum and balls. This is a drum similar to the ones they use for the lottery. The only difference is that inside the drums are the numbers that correspond to the numbers on the bingo cards.

After you have everything that you need, the next thing you have to do is pick a date and place for the bingo. Once that's all taken care of, you'll then need to get the word out, whether it be through mailings or signs posted around the neighborhood. In the case of a bingo, you don't need to know how many people are coming. The bingo making supply companies will supply you with enough cards to host a bingo for several hundred people at least.

Finally, you have to decide what the prize pool is going to be for each bingo game. You can either make it a fixed dollar amount, or you can make it a percentage of the amount collected for each game. Just make sure you decide this beforehand. The only way you would have to change this is if the amount you decide upon, if a fixed amount, is more than what you actually collected for the game, which is not likely.

As an added touch, you might want to have some refreshments, which you can either sell for a modest amount or give away with the purchase of each card.

A properly planned and run bingo can be a great fund raising evening.

Michael Russell
Your Independent guide to Fund Raising