Scrip Directors, Mary Droessler & Pam Rust
scrip@stormlakecatholic.com
What Is Scrip?
Make money while you shop by using Scrip.
Scrip
means "substitute money" and is a program that alleviates the tuition
burden for St. Mary's families. You can purchase a variety of gift cards
which you use just like cash for the everyday purchases you already
make such as groceries, clothes, medication and gasoline. Each purchase
you make with scrip generates revenue that is applied toward the St.
Mary's tuition fund of your choice.
The St. Mary's Scrip Program
began in November 2004 and has had great success in helping
participating families pay for tuition costs.
How does scrip benefit me?
Seventy-five
percent of the revenue you generate is assigned to the St. Mary’s fund
of your choice. The remaining 25% goes to the St. Mary’s Scrip Program
to cover program operating costs, with any remaining profits going to
the tuition assistance fund. You may assign your 75% to only one St.
Mary’s fund. These funds include:
- your family’s tuition account
- another family’s tuition account
- the tuition assistance fund
Scrip
inventory sales profits are attributed to the Parish General Fund,
which has a financial obligation to the school. This in turn helps keep
the cost of tuition down.
Who can enroll in the Scrip program?
Virtually
anyone can enroll - St. Mary’s school and non-school families, general
parishioners, non-parishioners, relatives, etc. Or, family and friends
can order through your account and have their revenues attributed toward
your designated St. Mary’s tuition fund.
How is the revenue generated?
St.
Mary’s Scrip Program buys the scrip from local retailers and our
national supplier, Great Lakes Scrip. All scrip is purchased at a
discount, and is resold to families like yours for full face value.
Discounts are provided by retailers and range from anywhere between
2%-15%+. The discount amount set by retailers is the revenue earned for
your St. Mary’s fund.
How does St. Mary’s Scrip operate?
1) An enrollment form is
completed by the family. Return the enrollment form with your first
order. Since scrip is an ongoing program, you may order as much or as
little as you want at anytime.
2) You can place orders starting Monday, Oct. 26, 2020:
- online
- by sending your scrip pouch to school
- drop orders off at Rust’s Western Shed
- drop an order form in the locked drop box outside the parish offices. Payments will be as usual: cash, checks or ACH. Orders will be collected on Mondays by 8:30 am.
All Scrip transactions not done online must
be made in the designated Scrip program pouch. One pouch is provided by
the St. Mary’s Scrip Program. Replacement pouches are available for a $2
charge.
3) Revenue credits are tracked in specialized software and applied to your designated St. Mary’s fund twice a year, in January and July. Status reports are also issued at these times.
Enroll Now and Start Shopping!
Revenue earned now is applied to next semester’s tuition.
A Scrip Example:
A
local retailer is offering a 10% discount for scrip users. When you
purchase $200 scrip from that retailer, the revenue earned is $20.
Seventy-five percent ($15) goes into the St. Mary's fund of your choice
and 25% ($5) stays with the scrip program to cover program costs with
any remaining revenue going into the St. Mary's tuition assistance fund.
In other words, you receive $200 with retailer plus $15 to the fund of
your choice.