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Wednesday, 24 November, 1999, 17:05 GMT
Schools raise funds from online shopping
Online shopping is contributing to school fundraising campaigns in the United States. Parents who have become accustomed to collecting school computer vouchers from supermarkets and cutting out book tokens from newspapers can now raise money for schools when they shop on the internet. SchoolCash.com allows online shoppers to assign cash rebates to schools - ranging from 3% to 20% of the value of purchases. The company has arranged deals with a range of retailers - including the Disney Store, online booksellers Amazon and clothes shop Lands' End - which will give schools a proportion of the sales price. For instance, for every online purchase from the Disney Store, the designated school will receive 5% of the total. But to qualify for the cash, shoppers have to come to the participating stores via the SchoolCash.com website. There are also cash rewards for schools when parents open an account with an online stockbroker. Shoppers have to nominate a school in advance, with SchoolCash.com paying out to schools three times a year. There is no charge to the school - and SchoolCash.com says that it can supply funds to every school in the United States. The company says that it will make its money from charges to the participating companies, who will be attracting extra business from parents wanting to contribute to school funds. |
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