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Donations
Many fetes try to maximise profits
by gathering donations
from local businesses -
but how should you treat them?
So you have gathered a number of donations B
are they suitable for the spinning wheel?
They have cost you nothing, but what are they worth?
The laws that apply in Victoria say their retail value
must be between 17-50% of your take
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A donor who gave you a voucher for a $500 holiday
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expects you to make as much money out of it
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as you can - they gave it to help your organisation
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make money.
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Someone else gave you a soft toy B perhaps $5 worth B
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does it fall within the requirements of the law
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(see Legal requirements for Raffles and Spinning Wheels)
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Perhaps these two items might be better off used in
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some other way.
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The soft toy could be added to the Christmas stocking
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that will be raffled later in the year.
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The $500 holiday voucher might be a good first
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prize in a raffle;
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alternatively, it could go on the spinning wheel
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as a much advertised SPECIAL SPIN
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with tickets selling at $15 each throughout
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the day and the spin at close of the fete.
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(REMEMBER, it must fit within the legal guidelines).
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It would even be a good idea to tell such generous
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donors how much you made as a result of their donation!
