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OLF Scrip Program

 

Scrip is a part of the fund raising program at Our Lady of Fatima School.  The OLF scrip program consists of two options:

 

  • #1 - A profit requirement of $200 per family. 

  • #2 - Scrip Non-Participation Fee of  $300 per family. 

                                                                                

 

Profit Requirement

 

On the Participating Retailers List, the percentage listed next to each store name is the profit given to OLF when you purchase your Scrip.

 

For example, when you buy $100 of Savemart Scrip, OLF receives $2 profit.  Two dollars may sound small but: $2 X 52 weeks = $104 profit per year.  

 

The percentage varies according to retailer, some greater than others.  Another example, when you buy $100 of Los Banos Drug Store Scrip, OLF receives $10 profit.  At Los Banos Drug Store, not only can you buy prescriptions, birthday gifts, perfume, and other sundries, you can eat at their food counter (which by the way has great food). 

 

So, based on the above examples, a family who spends an average of $400 per month on food and $25 per week buying drug store items and/or lunches, can easily make the $200 scrip requirement.

 

 

  (SCRIP - One Bite At A Time)

 

 

 

Tuition Bonus

 

You can earn a tuition credit by exceeding $200 in profit.  75% of each dollar you earn beyond $200 in profit can be credited towards your tuition for the next school year.

 

For example, a family earns $300 in profit.  They have exceeded the $200 profit requirement by $100.  This family will receive a credit of $75 (which is 75% of the excess) towards their tuition payments.

 

 

Policies

 

  • The Scrip year runs from May 1 through April 30.  All Scrip obligations must be paid in full by April 30.

  • To be eligible for tuition credit, a family must earn more than $200 in profit.

  • Tuition credit may only be applied to one OLF family's tuition obligation.

  • Families who choose option #1 and fail to meet their requirement by April 30, will be assessed a fee based upon the profit they have earned.

  • The profit rates offered by the various stores are subject to change without notice.

Scrip for local vendors are listed and may be ordered here.