SCRIP is just another way to pay for EVERYDAY purchases using gift cards in place of cash, checks, or credit card.
SCRIP is simply a word that means “substitute money” – in other words, SCRIP is gift cards from national and local retailers. They’re the same gift cards that you buy at the store. These retailers help us raise money by agreeing to sell gift cards to our organization at a discounted rate. Lourdes Academy families, in turn, buy the cards for full face value and redeem them for full face value. Lourdes Academy keeps the difference as revenue and shares that profit with you, the purchaser. You earn money for yourself and our school without spending a single additional penny.
For example: a $100 Kwik Trip gas card would cost the buyer $100. Lourdes Academy is able to purchase it for $95. This leaves a rebate of $5. Seventy percent of the rebate goes to you – the purchaser – to be applied to individual tuition accounts, donated to your parish or donated back to Lourdes Academy for general operations and ONLY thirty percent goes to Lourdes Academy.