Earn Rebate on Tuition – Read below:
ST. LUCY’S SCRIP PROGRAM BASIC OVERVIEW
Basic concept behind scrip:
• Retailers sell their gift cards to St Lucy’s at a discount
• Families buy the gift cards from our program at full face value and redeem them for full face value.
• Our organization gets the difference as revenue to distribute to participating families.
Wonder “what’s the catch?”
The catch – if there is one – is that you have to plan your purchases ahead a little bit. That’s it!
How much can you earn?
Food $150/week x 4 = $600/month
Clothing $ 100/month
Gas $50/week x 4 = $200/month
Dining out $ 50/month
Total $950/month x 12 months = $11400/year
“5%” (some higher, some lower) is the average portion of each scrip purchase that is earned by an organization with every scrip purchase. So, an average family, using these modest spending levels, would earn $570 each year. A family that plans ahead with the program, by focusing their spending on Scrip participating retailers, can earn much more!
What will happen to the proceeds?
St. Lucy’s School splits the rebate proceeds 60/40 with each participating family. 60% goes to the family in cash back/ or as a donation to the parish school. Each family chooses how their 60% is distributed. 40% goes to support St. Lucy’s School and the program (shipping and minimal supply costs). St. Lucy’s School holds the proceeds in the Scrip account until the June distribution. At that time the distribution is run for each participating family, as per their instructions in the Scrip Agreement, which you are asked to complete each year.
Tuition Rebate is reflected on the June statement.
Cash back checks ($20 minimum) are sent out in the mail in mid-June.
Donation designations are sent to the Parish School account.
How do I purchase the gift cards?
Orders are placed Monday mornings with payment due by 8:30 am.
Cards are ready for pick up by Thursday/ start of day or sent home with students (with Waiver on file) on Thursday/end of day.
2015/2016 Total Earnings:
Participants-over $16,500 / Parish-School –$13,600
The Scrip program generated nearly $31,500 in rebates!
These earnings come from business purchases, contributions from grandparents, aunts, bosses, co-workers… regular shopping for gas, groceries and dining out, plus some.
Don’t miss out another year! Sign up today!
Scrip Coordinator: Angela Lefeber firstname.lastname@example.org