What i feel would be good

Monthly Comp $5 entry
Every week (4) we hold a meet with prizes as follows
winner 10% prize pool
Second 5% prize pool

Grand monthly winner (all points added for the month)
Winner 20% prize pool
Second 10% prize pool
Third 5% prize pool.

This equals to 95% and the remaining 5% will be donated to Team Bundy Charity Syndicate.

What do u think