Wednesday, September 26, 2012

How Do You Start A SCRIP Program?

Want to start a SCRIP program?
Like many non-profits, you would really like to raise more money for your organization.  SCRIP programs offer a simple, yet effective means to raise some critical dollars for many not for profits.  But how do you start a SCRIP program?

First, you need to find a SCRIP clearinghouse, like Great Lakes Scrip and enroll in their program.  Once an organization is enrolled (in GL Scrip, for example), they can order online or call an 800 number.  Since participating companies and GL Scrip, make their money on the margin, orgs must pay by "cash" - ACH transfer or by check with ACH being the quickest way to pay and have the Scrip shipped.  Once paid for, Scrip can be sent by Fedex ground or even overnight.

Once you receive the Scrip, you will then be able to sell it to your constituents.  What you paid and what you sell the Scrip for will be your profit.


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