An article by NOLO regarding the IRS’s position on taxes.
For UK events, we suggest reading Gov.uk’s guide on legal fundraising.
Refer back to points one and two here.
Once you’ve chosen your charity and started researching state laws, don’t forget to make sure that your chosen cause qualifies as a charitable organization, in relation to gambling events and fundraising.
This research will also help you to clarify the aforementioned IRS tax rules and whether the proceeds will be tax-exempt, or not.
As mentioned earlier, it can be helpful to bring in outside advice from a qualified lawyer or expert if you are unsure.
Step 4: Know The Rules About Serving Alcohol
You may have to apply for a license to serve alcohol, and restrictions could be based around numerous factors, such as:
The legality in your state regarding providing alcoholic beverages at charity events.
Individual state regulations on serving and selling alcohol.
Whether your venue has an alcohol permit and, if so, whether the event still requires one separately.
Whether bartenders need a permit.
Whether there will be a free bar, if money will be exchanged for alcohol, if chips will be exchanged for alcohol, or if alcohol will be included in event ticket prices.
Whether you can use alcohol as a prize.
Other local laws such as notifying a liquor control board about using alcohol as a prize.
Licenses can take time and you may be asked to provide a lot of detail, so factor this into your thinking.
Also, keep in mind whether drinking is appropriate at your event e.g. if your charity or cause involves addiction.
Step 5: Find Out The Laws About Prizes
If non-cash prizes are likely to be featured at the event, via raffles, auctions, poker tournaments etc., make sure you know the different legal requirements surrounding each.
Online Casino Real MoneyRemember that this differs from state to state.
Once you’ve decided on your charity, checked the legality of the event, and made sure it qualifies, you need to set a fundraising target.
Most events set themselves a goal, and you can choose to make that public or not.
Find out what your chosen organization or cause needs most and work with them to estimate cost that would cover or help to cover it.
Making this clearer will then help you decide on ticket prices and how many you’ll need to sell.
If your attendees can see your fundraising target too, and how close (or far) you are from it, it may encourage more donations.
Step 7: Consider How Your Event Will Make Money
Step 7: Consider How Your Event Will Make Money
It’s all very well putting on a great fundraiser event, but if you can’t raise any funds from it then there’s no point in doing one.
Here are some ideas that could help you make money for your charity or cause:
Donations in exchange for extra chips to use at games tables.
Food and drink for sale, or extra options such as a bar or street food trucks if dinner is included in your original ticket price/package.
Extra events within the overall event, such as auctions, special games, bingo, raffles and more.
Reserved tables for companies who may want to buy a table and sit together, or want a specific table with a good view or position close to the bar.
Step 8: Plan The Party And How Your Fundraiser Will Look
Will you opt for a casino-style evening with lots of table games?
Will your gambling fundraiser take the form of a poker competition?
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