The purpose of this study was to examine and describe practices and procedures pertaining to the acquisition of revenue from fundraising activities in North Carolina public high schools. The review of literature examined the general state statutes, local board of education policies, significant court decisions, and recent research findings regarding fundraising activities. A survey questionnaire was developed and field tested through a pilot study sample. The study population included 275 North Carolina public high schools having a 9-12 or 10-12 grade-level organizational pattern. Principals returned 213 ( 78%) of the 275 questionnaires. Data collected from the questionnaires were analyzed, summarized, and compared according to the type of administrative unit, pupil enrollment, and per pupil expenditure of the responding schools. Data were presented in narrative form, and tables were developed to array the raw data. Major findings of the study were: 1. In compliance with state statutes, a majority of North Carolina school districts and public high schools have adopted various regulations which monitor fund raising activities and revenue acquired from these activities. 2. Ninety-nine percent of all public high schools in North Carolina conduct fundraising activities. A large amount of revenue is acquired by these schools from the sales of candy, school pictures, magazines, and numerous other products as well as from admission charges to a variety of school sponsored events. 3. A majority of students in North Carolina public high schools participate in fundraising activities. 4. Public high school principals in North Carolina consider fundraising activities most important in order to finance current extracurricular student activity programs. 5. The local school principal has the primary responsibility for planning, managing, and monitoring the acquisition of revenue from fundraising activities regardless of the type of administrative unit (location), pupil enrollment (size), and the per pupil expenditure of the school. Conclusions and recommendations based on the findings of the study were developed. / Ed. D.