Q:

How does a scrip gift card fundraiser work?

A:

Quick Answer

Nonprofit organizations raise funds using scrip gift cards buying brand name gift cards at a discount and selling them to consumers for a profit. Scrip gift cards earn the fundraising organization between one and 13 percent profit, depending on the card chosen.

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Full Answer

Organizations join a scrip gift card program and offer gift cards to the public from a selection of 400 retailer branded card choices. Discounts offered on cards vary by retailer, and deeper discounts translate to higher earnings per sale. When a card is sold to an organization member, the organization earns the monetary difference between the discounted purchase price and the selling price. An individual who purchases a $50 scrip gift card can use it as an alternative to a credit or debit card to pay for goods at checkout.

Organizations can choose the Classic scrip program, or participate in the Classic Plus or Limited programs. The Classic program is ideal for ongoing fundraising programs because it continues earning funds year-round. The scrip Classic Plus program provides the highest earning potential due to an expanded inventory of popular retailer gift cards. The Classic Plus program requires a nominal subscription fee and includes advanced inventory software management tools. Organizations running seasonal fundraisers can choose the Limited program, which requires minimal effort from volunteers.

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