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Scrip is a term that means "substitute money".
When your
organization members purchase scrip, they're purchasing
negotiable gift certificates that are used just like cash. The
scrip is issued by the national and local retailers where many
of your organization families 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. Your
organization members can use scrip to purchase everyday expenses
like food, clothing, and other essentials, and with every
purchase, they earn revenue for your organization.
How scrip generates revenue for you.
The Great
Lakes Scrip center acts on behalf of schools and other
non-profit organizations to purchase large amounts of scrip from
grocery stores, department stores, and other retailers. Because
the scrip is purchased with cash up front, the participating
retailers offer a substantial discount. Your organization buys
the scrip from Great Lakes Scrip Center at a discount, and
re-sells the certificates to your organization members for full
face value. The bulk of the discount - from two to fifteen
percent or more - is retained by your organization as revenue.
Scrip is "shopping cart fundraising”.
The reason
for the effectiveness of scrip is simple: families generate
revenue through 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.
Retailers like Scrip, too.
Families
who purchase scrip certificates actively support the retailers
who participate in this program. The reason is simple… they know
that buying from a scrip participating retailer provides a
steady source of revenue for their school or non-profit
organization. |
