A popular basketball fundraiser is to organize a free throw shoot off. Of course, the line is much further back than a typical free throw, but for five dollars, contestants get three tries to get the ball through the hoop. Have sign ups throughout the school, daring students to do better than the basketball team. For anyone who actually gets a ball in, have prizes that are good incentives to sign up.

As far as basketball fundraisers go, this one is tried and true. In addition, a free throw shoot off has a more masculine feel than a gold fundraiser, though it might not generate as much in funds.