Scrip fundraising is one of the more unusual ways to raise money for an organization, but it can be a very effective method of fundraising. Scrip fundraising works like this: the organization purchases scrip certificates from certain retailers, which may be clothing stores, restaurants, or anything else. The certificate, which has a dollar value on it, is purchased by the organization at a discount.
They then sell the scrip certificate to their customers at full value, earning a dollar amount that is equal to the discount provided by the retailer. The purchaser of the scrip certificate then uses it as currency at the issuing retailer, spending it a full face value. Simple, right?
A scrip fundraiser is just one of a number of products and methods that you can use in fundraising for your organization. If your organization is willing to forgo a certain percentage of the profits and sell the scrip certificates at a slight discount, you may be able to sell a larger number of them, as the final purchaser of the scrip is purchasing the merchandise at what is essentially a discounted price. While scrip fundraisers have not been around for long, they have been around long enough for problems to arise. Use a fundraising agency to help you find the right scrip broker.
About SmartRaise:
SmartRaise is an easy-to-use and completely free online tool that is the perfect complement (or replacement) for the traditional fundraiser. In a matter of your minutes, your group can have its own personalized fundraising website where supporters can log on, learn about your cause, and earn you cash with every purchase they make at over 300 popular online stores.
Click Here to learn more about SmartRaise or sign up.
