How Does Scrip Generate Revenue For St. Frances Cabrini Academy?
The Great Lakes Scrip Center acts on behalf of churches, schools and other non-profit 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. St. Frances Cabrini Academy buys the scrip from Great Lakes Scrip Center at a discount, and re-sells the certificates to families for full face value. The discount – from two to fifteen percent or more – is Cabrini’s revenue.
