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Funny Money

Scrip raises thousands for synagogues -- and it's fun, too.

URL: http://www.jewishjournal.com/community_briefs/article/funny_money_20020823

Scrip. You can't join a synagogue or enroll your child in school without being hit up to buy it. Whether in the form of paper certificates, plastic gift cards or e-scrip online, this potent little fundraiser has become a major part of most nonprofit organizations' annual budgets. Scrip first became popular in the late 1980s with grocery and department stores, and is now available for everything from gasoline to The Gap. Organizations buy the gift certificates in denominations like $10, $25 or $100 at a discount, either straight from the company or through a scrip broker. They then sell the scrip, charging the full face value of the certificate and making a profit of up to 25 percent, depending on the type of scrip sold.

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