A penny war is a

fundraising Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gathe ...

competition where two or more groups collect

coins A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to ...

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. The value of any

pennies A penny is a coin ( pennies) or a unit of currency (pl. pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. Presently, it is t ...

collected by a group count toward that group's point total, while the value of other coins or dollar bills are subtracted. 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

nickel Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow to ...

s, dimes,

quarter A quarter is one-fourth, , 25% or 0.25. Quarter or quarters may refer to: Places * Quarter (urban subdivision), a section or area, usually of a town Placenames * Quarter, South Lanarkshire, a settlement in Scotland * Le Quartier, a settlement ...

s, or dollar bills into Group B's bucket. At the end, a winner among the groups is declared, sometimes earning a small prize. The proceeds are donated to a specified

charity Charity may refer to: Giving * Charitable organization or charity, a non-profit organization whose primary objectives are philanthropy and social well-being of persons * Charity (practice), the practice of being benevolent, giving and sharing * Ch ...

or cause.

References

{{Reflist Fundraising