Thursday, July 9, 2009

The National Lottery As A Charity Funding Idea

By Peter Moore

Unfortunately many charities fail to benefit from donations from the National lottery, with the small charities possibly missing out the most. However, today all need not be lost, as a different method of setting up a lottery funding project is now available.

Since 2005 some of the Premier League football clubs have been utilising this method to raise funds for parts of their business. Usually the money raised is used to fund the youth development side of the business where recruitment and coaching of new, up and coming players can be financed.

Charities are also now beginning to realise the potential of this new lottery fund raising idea, mainly because now they can offer their supporters real value for money rather than relying on them to contribute out of the goodness of their own hearts.

The lottery is already an enjoyable pastime for 20 million people in the UK, but now, by pooling their funds whilst still donating to their favourite charity, they can enjoy the experience even more than if they were to buy tickets independently.

Make a head count of the number of people in your club or organisation and multiply this number by four. The number that you come up with is the potential monthly donation that your charity might benefit by, not just once, but on a regular basis. Here is how the program works.

Supporters join either a UK National Lotto syndicate or a Euro Millions lottery syndicate from your own unique lottery website with the charity name of your choice at the top. From here they can play for as long as they like, with at least one guaranteed matching number in every draw, for just five pounds a week, of which one pound goes to your charity by way of commission.

All winnings are divided equally between the syndicate members and distributed to members after each draw. No commission whatsoever is taken from winnings and the whole process is completed automatically online so that all the charity has to do, is to promote their website.

The operating company have been running this International lottery system since 2002 and do not charge anyone to join in, and being members of the UK Lotteries Council, everything is above board and legal and run in a professional way.

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