What exactly is a cow chip fundraiser? Itâs a country-style fundraising event that combines guessing where a cow pie will land with raising funds for your favorite charity, school or church. Turn the cow chip bingo fundraiser event into a big party and include multiple fundraising activities. Youâll be amazed at how much you can raise! How it works. Line up a location with a flat grass field and plenty of parking. A soccer field or high school football field are good choices.