Scrip becomes e-scrip

Howard Lake | 10 February 1999 | News

Scrip is a major fundraising tool for schools and non-profits in the US. There seems to be no UK equivalent. Scrip are vouchers for products and services which are bought by non-profits at a small discount and then sold on at face value.

Scrip is a major fundraising tool for schools and non-profits in the US. There seems to be no UK equivalent. Scrip are vouchers for products and services which are bought by non-profits at a small discount and then sold on at face value. The non-profit group retains the difference.

Now a Californian company is transferring scrip to the Internet. Electronic Scrip Inc has already signed up over 120 school districts and participating merchants. Once non-profit supporters have registered their details at the eScrip site and start to spend with the participating merchants, a percentage of their transactions’ value is paid to their chosen non-profit. One drawback to the system is that prospective donors have to pay a $10 annual fee to Electronic Scrip Inc. to use and benefit from the system.

Source:

• Fundraising on commission? (11 February 1999)
  
• Three years ahead (11 February 1999)
  
• Fundraisers with the golden touch (11 February 1999)
  

About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale. He is the founder of Fundraising Camp and co-founder of GoodJobs.