A quarter auction is an event that can be a great idea for charities, non-profits, churches and other organizations to use for fundraising.
It’s a mix between a fundraiser, auction, raffle, community event and direct sales party; the best part about it is that it’s a win-win-win-win for everyone involved with the event:
Direct sales vendors and local businesses get to promote their product and/or services for low cost, while also having an opportunity for gaining sales.
Attendees get a fun night out, along with an opportunity to win products and services for a cost as low as 25 cents per item.
Charities are able to raise funds from both the businesses and attendees, as well as raising awareness about their organization.
Communities benefit as the event brings neighborhoods together, strengthens local businesses and supports a local non-profit.
The quarter auction involves the local businesses and direct sales vendors donating products and services for the charity to auction off.
Attendees bid on the items, with this part being a mix between an auction and a raffle. They’re advised how much they need to bid – this can be as low as a quarter or as high as a dollar – with no obligation to bid on any items.
A random number is then drawn in a raffle, with the person who has that number winning the item, but only if they’d actually bid on the item. If they hadn’t bid, another number is drawn until there is a winner who’d actually bid on the item.
For more information, we’ve explained in greater detail how a quarter auction works.