Binc: Past Accomplishments, Future Goals

BINCLogo-20th-01The accomplishments of the Book Industry Charitable (Binc) Foundation are striking: since its creation in 1996, Binc has given more than $5.9 million in scholarships and financial assistance grants to more than 6,900 bookstore employees and their dependents. But this is only the start: the Foundation continues to grow, spreading the word about its generous and beneficial work and expanding fundraising to ensure a sustainable future. As it looks ahead, it’s also considering ways to help more people in the book industry.

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Payroll deduction – An Easy Way to help Binc

Payroll deduction

What if donating to Binc was quick, easy and still benefited booksellers across the country in times of financial hardship? It already is! Bookstores like Books Inc. and Maria’s Bookshop have found an effective and convenient way to help support Binc by starting voluntary recurring payroll deduction programs at their stores. These programs allow bookstore employees to donate a small amount from each paycheck to Binc in order to help Binc fund programs to assist their colleagues in need. These small amounts from many booksellers add up to big help for someone facing a financial hardship.

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Once Upon a Time

20th FB header

The year was 1996, when a group of Borders booksellers had a dream of helping their colleagues in need. Their idea was simple, collect small donations from a large number of booksellers and make those funds available to a coworker facing a personal financial hardship. The donors wouldn’t miss the $5 or $10 a month that they donated, but added together, these funds could pool together to change someone’s life in a very meaningful way.

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Reasons Why Binc Scholars Succeed

Becoming a Binc scholar isn’t easy – but those who have won scholarships in the past have a few things in common.

They want to work hard and invest in their future

Pursuing the career of your dreams through education is one way to invest in yourself and ensure that your job is something you will enjoy for a lifetime. Binc Scholars have pursued careers in tourism and travel management, graphic design and education knowing the fulfillment they will find in their chosen profession.

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What Happens When That Rainy Day Comes?

loss of household income

We’ve all heard the term “saving for a rainy day”, but what happens when that difficult day arrives? We all hope it never does, but an unexpected layoff, disability or a death in the family can create a loss of household income and wipe out a rainy day fund. If the family has been living paycheck-to-paycheck, bills can start to accumulate immediately even before the family member can return to work or find a new job, draining existing savings.

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