SCRIP is a term meaning "substitute money". When the SCRIP Committee purchase SCRIP, they're purchasing negotiable gift certificates that are used just like cash. SCRIP is issued by retailers, both nationally and locally, where many of you already shop. These merchants want to support non profit organizations, and in return ask you to support them by shopping with scrip at their stores. You can use scrip to purchase everyday expenses like food, clothing, and other essentials, and with every purchase, you earn revenue for your organization.
SCRIP is "shopping cart fundraising”.
The reason for the effectiveness of Scrip is simple: families produce revenue by making purchases they would make anyway. Groceries, clothing, toys, gifts, even gasoline can be purchased with SCRIP. An organization of 150 families easily spends between one and two million dollars per year on food, clothing and other essentials. If these families use SCRIP for these purchases, they can raise as much as $40,000 to $80,000 per year for their organization --without spending an additional penny!!! We currently stock a wide variety of vendors; and special orders are made weekly. A complete listing is available at the Shopper's Club desk, available online at www.glscrip.com or feel free to ask for a complete listing! Please note, SCRIP orders cannot be placed on-line directly with glscrip. However, you can place on-line orders with the St. Patrick Scrip desk.
Below is a listing of the most frequently asked questions regarding the SCRIP program:
1. How do I earn tuition credit for SCRIP purchases?
Tuition credits begin to accrue after a family has satisfied the initial HSA $100 requirement. Afterwards, the profit is split 50/50 between purchasers and the HSA. Each time a certificate is purchased, it is entered into the computer. Certificates earning a higher percentage will naturally yield a higher credit.
2. Can anyone purchase SCRIP?
Yes! Family and friends can purchase SCRIP. All that is needed is the family name for which the credit is to be applied!
3. How are credit card transactions handled?
We would like to make purchasing SCRIP as easy and convenient for everyone as possible. To make a credit card purchase, simply fill out a paper order form including your credit card number and expiration date. Your order will then be filled. A copy of your order form along with the Customer Copy of the receipt will be returned to you when the credit card transaction is processed. Once your credit card number and expiration date are on file with the Scrip desk either by a paper order or be registering it directly with them) you can then use the on-line order form also.
4. Are there any fees incurred when using the credit card machine?
Since credit cards are new to the SCRIP program, we have run into several problems. The most crucial is "How do we continue to pay tuition credits on credit card transactions when the SCRIP program is charged for a percentage of the total sale?" The SCRIP program would be losing money on any certificate earning a percentage of 5% or less. Therefore a 3% surcharge will be assessed on certificates earning 5% or lower when purchased with a credit card. No surcharge will be assessed on cash/check transactions.
5. Can I donate my "credits"?
If a family opts to not receive a tuition credit, they may certainly donate their credits. Credits may be donated to another family in the school, the Angel Fund, Choir, CCD/Religious Education, General Fund, or directly back to St. Patrick School. Families donating their credit may apply this amount toward Annual Donations on their Income Tax.
6. I prepay my tuition. What happens to my credits?
Credits earned may either be applied to the following year's tuition or donated.Should you have any questions, comments or require additional information, please feel free to contact Kristie Hammell or speak to one of the sales representatives.