The Value of a Penny
Canadian Penny Fundraiser
As the Canadian government phases out the use of pennies, they are encouraging
charities to benefit from this fundraising opportunity and at the same time, help to
withdraw low-denomination coins from circulation. The penny will still be considered legal tender but will no longer be given as change in stores.
What can a penny buy? One Hundred Canadian pennies can buy a pound of rice in Haiti! Eight Hundred pennies can buy a can of baby formula! Both of those things can save the life of a child. So what is the value of a penny? It is such a small thing when taken alone, by itself, but put all of your pennies together and they can truly make a difference. To the children at GLA, the value of a penny? Well, it is priceless….
This is an easy fundraiser to implement within a community and is one that families,
churches, community groups and schools can be involved in.
1. Advertise your fundraiser. You can use the example poster and collection Jar
wrapper you can find at http://www.glacanada.ca/donations/fundraising
2. Collect the pennies.
3. Find a Bank of Montreal branch in your community that has a coin counter
available for lending, count and roll the pennies and take the proceeds to the
Bank of Montreal branch to be deposited to the GLA Canada account.
4. Contact Lana from the GLA Canada board at firstname.lastname@example.org for
more information and account details when you are ready to deposit your
** Coin counting machines found in grocery stores charge a 12% service fee. We are
customers of Bank of Montreal (BMO) and the bank will not charge this fee. BMO has
some branches that will lend out a coin counter and provide the paper rolls to help
with the process of counting and rolling the pennies. Check with your local branch
to see what they can offer.
Posted on Sun, February 3, 2013