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Is it tacky? Ask yourself. If you already had children and were financially back on track and one of your family or friends had a fundraiser, would you find it offensive? I wouldn't, but I can't speak for you. You can sell raffle tickets for donated objects; it's usually pretty popular. I taught a handful of classes (yoga and lower level university) and also had a benefit concert organized with a few local bands. I think it's acceptable, but it's only my opinion.