For U-M institutional fundraising activities, what does the Executive Vice President and Chief Financial Officer (“EVPCFO”) require before signing an application for a raffle license?
Generally, the University strongly disfavors using raffles as an institutional fundraiser. There are some exceptions, provided the Vice President for Development (“VPD”) recommends to the EVPCFO that the raffle proceed, the VPD oversees or arranges for oversight of all raffle activities, and the EVPCFO approves of the exception. The VPD will consider recommending an exception when (1) a high-level donor or senior University official is personally involved in the fundraising event, (2) the unit development office supports the raffle as a University fundraising event, (3) the item or items to be raffled are of significant value and are expected to raise significant funds, and (4) there are no negative factors that would diminish U-M’s reputation by its sponsorship of the raffle. Other unique factors would be considered, but only on a case by case basis. If you and your unit wish to pursue a fundraising raffle, forward the request to the Vice President for Development along with the reaso
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- For U-M institutional fundraising activities, what does the Executive Vice President and Chief Financial Officer ("EVPCFO") require before signing an application for a raffle license?
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