What is Scrip?
Scrip is a term that means substitute money. When you purchase scrip, you’re purchasing negotiable gift certificates and prepaid cards that are used just like cash. You can use scrip to purchase everyday items like food, clothing, gas and other essentials, and with every purchase, you earn revenue for our organization.
How does scrip generate revenue for Faribault Lutheran School?
The Great Lakes Scrip Center acts on behalf of Faribault Lutheran School 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. Our local grocery stores, department stores, and other retailers give great discounts as well. Faribault Lutheran School orders the scrip from the Great Lakes Scrip Center and local retailers and restaurants at a discount, and re-sells the certificates to families like yours for full face value. The discount is from two to fifteen percent or more and that is our school’s revenue.
Why Scrip fundraisers?
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 — without spending an additional penny.
Does it cost a family anything to participate?
There are no membership fees or application fees. The beauty of the scrip concept lies in the fact that you raise money for our school by using your existing household shopping budget. Some families may enlist relatives, friends and neighbors to buy scrip. But unlike other fundraising programs, scrip families do not have to “sell” anything to raise money for our school.
Can I use the scrip certificates anywhere?
Yes, the certificates are accepted at all participating retailer locations. Some restrictions may apply
What retailers are participating in this program?
A list of retailers, local and national, is available from the school office. In addition to national chains, many local businesses participate by accepting Community Scrip.
Where will my contribution be applied?
When you purchase Scrip, 75% of the profit is credited directly to your tuition account. If you do not have a student attending Faribault Lutheran School, you can either designate a current student or ask that the profit be given to the Angel Fund for scholarship assistance. The additional 25% of the profit helps to fund the school’s Scrip program.
How does this work?
The discount percentage offered to us by the retailers is the revenue portion of the transaction. For example, you purchase $100 worth of Kwik Trip for $100 (face value) and Kwik Trip gives our organization a 9% discount so the revenue generated from this transaction would be $9; $6.75 of the revenue would be applied to the designated account (tuition or scholarship) and $2.25 would be used to assist the Scrip program itself.
Where will Scrip be available to purchase?
Points of sale may be the school office or at either Peace Lutheran Church or Trinity Lutheran Church on Sunday mornings. Large quantities of certificates and certificates not kept in stock may be ordered.
Where do I get order forms?
Order forms are available at the school office.
Completed order forms are due to the school office by 9:00 am on Monday to be processed that week. Late orders will be held over to the next week. Orders are processed every Monday and will usually be available by Friday. On Monday holidays, the processing will be done on Tuesday. Exceptions may apply at certain times of the year.
How do I pay for my Scrip?
Scrip must be purchased with cash or check and the payment must be made at the time the order is placed. Checks must be made payable to Faribault Lutheran School.
Who do I call with questions?
Lynn Witt is our SCRIP coordinator and may be reached at the school office at (507)334-7982.