Scrip
Scrip is a term that means "substitute money"
When you purchase scrip, you'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 Walden
The Great Lakes Scrip center acts on behalf of schools and other nonprofit 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 resells 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 Walden families use scrip for these purchases, we could raise as much as $40,000 to $80,000 per year—without spending an additional penny.
How to Order Scrip
You can order scrip online at shopwithscrip.com. Walden's enrollment code is 821C398F11528. Paper order forms are available in the school office. You can also download the forms from our fundraising page on the PTSA website.