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Hi! Just had a few quick thoughts...
I think a T-shirt is a great idea. You could also probably contact additional chapters (via email/their websites) beforehand and see if anyone would be interested in buying one. I'm sure you'd get a lot of interest from different chapters.
I've also heard of other alumnae groups/chapters doing garage/yard sales. I've also heard of groups doing sales together, like a few different sororities/fraternities or different groups to make it bigger. I think people are more likely to donate things they're getting rid of more than money donations.
Group cookbooks also is another one I've heard a lot about lately. Everyone enters their favorite recipes and then make a book out of it to sell.
guess this won't be quick, I have a few more (I'm on a roll....)
-golf outing
-silent auction
-maybe you could talk someone from Mary Kay, Pampered Chef, etc to come to a party and the $ that would go to the person hosting the party could go into your fund instead
-casino party (not sure of the legal issues with that one)
-rent a roller skating/ice skating rink and charge extra
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