7 important Bingo fundraiser steps and pitfalls to understand when planning your next Bingo fundraiser. Having been in the Bingo party and planning business for many years I have heard from customers some very sad stories of what occurred at their Bingo fundraiser and I would like to pass to you the 7 steps you must follow to ensure you have a successful Bingo fundraiser and hire the BEST Bingo party company for your event. Step 1. The planning committee. This is the most important step in your planning and you must assign a person to each of the specific tasks that must be accomplished for your event, which include the Law and getting the appropriate licenses, finding the location and catering for the event, getting sponsors to help with the costs, getting gifts donated, finding the correct Bingo company, and who will be handling the money.