Finance:Penny war
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A penny war is a fundraising competition where two or more groups collect coins and bills in an effort to score points based on the amount and denomination collected.
Each group has a bucket for collecting the money; typically groups collect coins, but dollar bills may also be accepted.[1] The value of any pennies collected by a group count toward that group's point total, while the value of other coins or dollar bills are subtracted.[2] Hence, in a competition between Group A and Group B, a contributor who wants Group A to win will place pennies into Group A's bucket and nickels, dimes, quarters, or dollar bills into Group B's bucket.[3]
At the end, a winner among the groups is declared, sometimes earning a small prize.[4] The proceeds are donated to a specified charity or cause.[5]
References
- ↑ "Penny Wars Instructions". http://vetmed.illinois.edu/wildlifeencounters/teacher_resources/Classroom%20Sponsorship/PennyWars_WildlifeEncounters.pdf.
- ↑ "Middle School ‘penny war’ raises more than $2,000 for cancer patient" (in en). Cass County Star Gazette. 2018-04-18. https://www.beardstownnewspapers.com/news/middle-school-%E2%80%98penny-war%E2%80%99-raises-more-2000-cancer-patient.
- ↑ "How to Conduct a Penny Fundraising Drive" (in en-gb). http://www.pennies.org/index.php/fundraising/penny-fundraising/85-fundraising/88-how-to-conduct-a-penny-fundraising-drive.
- ↑ "Forest Road School Penny War Nets Over $2,100 for Leukemia & Lymphoma Society" (in en-US). chicagotribune.com. http://www.chicagotribune.com/suburbs/la-grange/community/chi-ugc-article-forest-road-school-penny-war-nets-over-2100-2018-01-18-story.html.
- ↑ "Medomak Valley Honor Society raises funds to help ailing teacher - Knox VillageSoup". https://knox.villagesoup.com/p/medomak-valley-honor-society-raises-funds-to-help-ailing-teacher/1740155.
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