The 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.
If you haven’t already heard, this Saturday, April 30th, is the second annual Independent Bookstore Day. 400 bookstores around the country will be holding events, author signings, providing yummy food and selling specially created merchandise available only on this special day celebrating Indies.
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.
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.
For more information on Binc’s financial assistance programs for booksellers, visit our Financial Assistance page.
In making the plans for the Foundation’s 20th anniversary celebration a lot of ideas, details and options have been discussed. The one theme that they all have in common is the people, and more specifically the book people that made it all possible.
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.
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.