Please find some more fundraising ideas, involving a party, a donut, your birthday or a marathon.
The idea is that teams of 4-5 people answer a list of questions, which are usually organized in 6-8 categories or rounds. A quiz master reads out the questions and teams have very limited time (less than 1 minute) to find the answer to each question and write them down on the answer sheets. At the end of each round or category the questions are read out once more and then the answer sheets are collected.
Once all answer sheets are collected, the quiz master reads out questions and correct answers – this gives everyone an idea, how they are doing. After half of the rounds points are added up to see which team is in the lead. Same at the end after the final round.
Good prizes are things people cannot buy, but provide a unique experience; e.g. if you know people who fly a plane, they can offer to take the winning team on a flight across your city; get sponsored tickets for a football match, including a chat with some of the players, etc. Often the venue donates a round of drinks, which is a good prize for the 3rd team.