Mandatory SCRIP Purchase Program
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ICS has
implemented a program of Mandatory SCRIP purchases for families with children
in grades K-8. This program encourages broader participation and recognizes those
who support our school. It also provides a means for those not able to
purchase SCRIP to make a monetary contribution to ICS in lieu of purchasing
SCRIP. SCRIP
is the least time consuming and most cost effective manner to raise money for
ICS. In fact, it costs our families nothing to participate. Purchases with
SCRIP amount to an average 10% donation back to the school. This is not an
insignificant amount considering the hundreds of ICS families whom consume
SCRIP products every week. For
these reasons, it is essential that each ICS family fulfill their SCRIP
requirement. In fact, each family is urged to buy as much product with SCRIP
as possible, rather than simply hitting the minimum amount required. Please
remember this during the Christmas season, as many retail stores accept
SCRIP. It's not just for buying food! Therefore,
unless there is a special need, SCRIP purchases cannot be assigned to other
families. Special permission to do so, however, may be given by the pastor
upon written request. What is the
Mandatory SCRIP Purchase Commitment? For the 2011
/ 2012 School Year: For families
with one child in grades K-8, the purchase commitment for the 2011-2012
school year is $4,825. For families with more than
one child in grades K-8, the purchase commitment is $ 4825, plus $400 per
child for each child beyond the first child.
For example, the purchase commitment would be $5225 for a family with
two children in grades K-8, $5625 for a family with three children in grades
K-8, $6025 for a family with four children in grades K-8, etc. For the
2011-2012 school year, SCRIP purchases made from
June 1, 2011 through May 31, 2012 will apply to the purchase commitment. Buyout payments equal to 10% of the SCRIP
purchases amount will be accepted in lieu of Mandatory SCRIP purchases (for
example: a payment of $10 will be
accepted in lieu of $100 of SCRIP purchases, a payment of $20 will be
accepted in lieu of $200 of SCRIP purchases, a payment of $200 will be
accepted in lieu of $2000 of SCRIP purchases, etc.). SCRIP
purchases will be tracked and reported to each family via the school's web
site. Failure to
meet the requirements of the Mandatory SCRIP Purchase program will be treated
as non-payment of tuition, with the same consequences. The Pastor is always willing
to discuss exceptional circumstances. Are SCRIP Purchases or SCRIP Buy-Out Payments Tax
Deductible? SCRIP purchases and SCRIP buy-out payments are NOT tax
deductible. Which SCRIP Purchases are Credited Toward a Family's
Purchase Commitment? In order for a SCRIP purchase to be credited toward a
family's SCRIP Purchase Commitment the purchase must be made by parents,
legal guardians, siblings over 21 years of age, or grandparents, and ordered through the
online SCRIP website. SCRIP
purchases may not be made by a member of one family for another family
without the permission of the pastor. Is the Mandatory SCRIP Purchase Commitment Pro-Rated if
Our Child is Enrolled After the Start of the School Year? Yes, the pro-ration is as
follows -
SCRIP Buyout Examples The SCRIP
Buyout shall become equivalent to %10 of the family’s annual obligation. Implementing this requirement will ensure
that the program further generate funds by offering an easy opportunity to
assist the school. It is also a way of
encouraging families to actively participate in the discipline of supporting
the program. Those choosing not to
participate in the SCRIP program shall now incur the cost of a 10% buyout.
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