This report describes and analyzes fund-raising activities in Toronto elementary and secondary schools. Data were provided by 87 percent of the 158 Toronto school principals. The topics covered include: (1) kinds of activities, (2) frequency of activities, (3) extent of activities (grade level and type of school), (4) purposes (for school needs or other charitable agencies), (5) roles of parents, (6) prizes, (7) cautions given to students, and (8) the educational value of the activities. Comparative tables are provided for each topic area. The report concludes that the rationale of school fund-raising activities is the enhancement of instruction through the provision of goods and services beyond the normal fiscal allocation of school boards, along with the educational benefit derived from learning to organize, sell, and deal with people. Appendixes include a summary presentation to the Toronto Board of Education and a copy of the questionnaire sent to the principals. (TE)