Scrip is a way for you to earn credits for your individual tuition account simply by doing your everyday shopping with pre-purchased gift cards or certificates. You won’t need to buy anything different or sell anything to your families and friends. Just “shop with Scrip” for all of your purchases and both you and Sacred Heart Academy earn money. Eighty percent (80%) of the earnings go into your individual tuition account, while 20% go into the SHA general fund. You may purchase Scrip on-line by clicking here.
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. Sacred Heart buys the Scrip from Great Lakes Scrip Center at a discount, and re-sells the certificates to SHA families for full face value. The bulk of the discount - from two to fifteen percent or more - is retained by you and Sacred Heart as revenue.
For example, if you purchase $100 in Home Depot gift cards, you pay $100. Home Depot has a discounted rate of 3%, Sacred Heart pays only $97 for the $100 gift card. You get $100 in Home Depot gift cards. The 3% discount equals $3 which is split between your tuition account that gets 80% ($2.40) and the general fund that gets 20% or 60 cents.