Rotary Fundraiser Rotary Fundraiser Profits range from $16,000-$22,000 Historic Division of Funds: •GRSP Student -$6,500 •Incoming President’s Local Projects •25% Corpus of Charitable Fund •Currently at $87,495.00 For QUESTION ? Does the Rotary Club of Canton want to continue with the fundraiser as it has for the last 15 years or make changes? DECLINING TICKET SALES: Historically, club members have been asked to sell 5 tickets. Historically, not all club members have participated to this degree for various reasons including: Some members have done in-kind contributions. Some members are in professions that do not lend themselves to any type of solicitations. Not enough sponsors have been solicited. Surveys in the past have indicated a desire to change the fundraiser. 2007 Fundraiser INCOME 270 Tickets @$150/each Sponsorships "Live" Auction TOTAL INCOME EXPENSES Cash Prizes Band Food & Beverages Flowers & Sponsorship Banner TOTAL EXPENSES NET INCOME $40,500.00 1,000.00 1,150.00 $42,650.00 $11,500.00 1,000.00 6,814.00 600.00 $19,914.00 $22,736.00 2008 Fundraiser Profits Income 234 Tickets @$150/each Sponsorships "Live" Auction TOTAL INCOME EXPENSES Cash Prizes Band & Harpist Food & Beverages Flowers & Sponsorship Banner TOTAL EXPENSES NET INCOME $35,100. 2,000. 1,900. $39,000. $11,500. 1,300. 8,814. 308. $21,922. $17,078. Issues: Difficulty in selling tickets (could be worse this year) Increase in expenses Diminished income from fundraiser Do we need a more prominent cause? Suggestions: Leave the fundraiser as it has been historically Choose another format Sell tickets only for a cash prize Combination – increase in dues and smaller fundraiser? Leave the fundraiser as is Pros: Historical event that raises community awareness of the club Social event for the community and club members Even $17,000 is a good fundraiser Cons: Declining income Increasing overhead Club member participation in ticket sales Choose another format Do a more casual event with fewer expenses i.e. Western wear event at outdoor location Lower ticket prices Lower cash prize Sell tickets only Print 5 tickets for each member to sell just as a raffle for prize money: Reduce price to $100 Cash Prize could stay at $10,000 $500 per member x 60 members = $30,000 Draw winning ticket at lunch meeting (perhaps in coordination with Law Day when we have a big crowd) Profit would still be $20,000 Questions: How to motivate club members to sell 5 tickets? Do we really want the party? Other Suggestions/Discussion: Fundraising Committee Peter Gleichman, Chair George Bailey Lee Burger Susan Padgett-Harrison Larry Woolard A final decision will be made by ballot in the near future after hearing input from club members.
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