The Scrip Purchase Program is a mandatory program for families with children in grades K-8. The program offers two options for families to choose from in order to meet their requirement. The first option allows for families to purchase gift cards that generate rebates from the merchants directly to ICS. The second option allows for families to buyout their Scrip Purchase requirement. The buyout requirement is 10% of the purchase requirement as detailed below.
Scrip is the least time consuming and most cost-effective manner to raise money for ICS. In fact, it can cost our families nothing to participate. Funds raised through these purchases are issued to ICS from the merchants. Rebates range from 1.5% of the purchase price for gas cards up to 40% of the purchase price of Shammy Shine cards. In other words, when a family purchases a $50 gas card, they pay $50 and the gas company rebates $0.75 to ICS, while a $20 Shammy Shine card purchase generates a $8 rebate from Shammy Shine. As one can imagine, the rebates back to ICS can and do add up to a significant amount of money that is used directly in support of the school.
For these reasons, it is essential that each ICS family fulfill their Scrip requirement. In fact, each family is urged to buy as much product with Scrip as possible, rather than simply hitting the minimum amount required. Please remember this during the Christmas season, as many retail stores accept Scrip. It is not just for buying food!
Therefore, unless there is a special need, Scrip purchases are not to be assigned to other families. Special permission to do so, however, may be given by the pastor upon written request.
What is the Mandatory Scrip Purchase Commitment?
For the 2016 / 2017 School Year K-8 Scrip Commitment:
Scrip Buyout Examples
The Scrip buyout shall become equivalent to 10% of the family’s annual obligation. Implementing this requirement will ensure that the program further generates funds by offering an easy opportunity to assist the school. It is also a way of encouraging families to actively participate in the discipline of supporting the program. Those choosing not to participate in the Scrip program shall now incur the cost of a 10% buyout.
For example, if your Scrip Requirement was $5,850, your buyout option would be $585.