A popular fundraising method, this event offers participants a chance to bid on a variety of donated items or services. Unlike a traditional auction, individuals purchase tickets which they then place into designated containers corresponding to the desired items. At the conclusion of the bidding period, a ticket is drawn from each container, and the winning ticket holder receives the item. This allows for multiple chances to win and a more engaging bidding process compared to sealed bids or live auctions.
The event’s accessibility and potential for broad appeal contribute to its effectiveness in raising funds for various causes. Its format allows participants to allocate their resources according to their preferences, increasing the perceived value and enjoyment of the process. Historically, similar methods have been utilized by community organizations and charities seeking to diversify their fundraising activities and engage a wider audience.
