While I am certainly no legal expert on the money loaning thing, I think I may have the answer for you. When I took over as prez, I went a bit retro, that is I went back and instituted some fundraising techniques from my mother's day, back in the 1960's. We have several 'clubs', which according to the previous prez, we shouldn't be helping as it doesn't really benefit ALL the students. Since I felt differently about that, I got creative. I went to each club (Computer Club, Chess Club, Bell Ringers, etc.) and explained what my plan of action was. Using Chess Club as an example: They needed new chess boards, new pieces, new clocks and wanted every member to have a matching Chess Club Shirt. All told, about $1000 worth of stuff. Our PTVO paid for the boards, pieces clocks straight up. We didn't pay outright for the shirts; instead we 'bought down' the shirts. They run $8 each, PTVO paid $3 and the kids paid $5. We 'donated' 2 shirts as well. Then, after everything was paid for, we had the Chess Club run a small fundraiser within itself. Those little community cards that give you discounts on fast food around town? Find out who has already run that promotion for the year (our High School Robotics Club had run it earlier in the year) and see if they have any extra cards left. Call the vendor who did the cards and see if they have any left. We did this for each of our clubs, and any profit left over, we put aside for other things that will come up for that club, like Chess Federation dues, local tournaments, etc. We did this for each respective club and special interest group. This could also be done for individual classroooms or grades if you wanted. It pays for itself and gives the kids a sense of pride of ownership and of having 'payed for and donated to' their own club.
I hope this helps, or at least gives you some helpful ideas!
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