Chuck’s Ride interview with Stirling Books and Brew

 

Chuck Robinson, of Village Books and Paper Dreams, and Richard Hunt, of AdventureKEEN, recently visited Staci and Jim Stuart, owners of Stirling Books & Brew in Albion, MI. They stopped to talk about how Binc and the Albion community came to Jim and Staci’s aid after Staci suffered a spinal injury just days before the store was set to open. You can join Chuck and Richard in supporting Binc, click here. You can also join in helping Staci with her recovery here.

 

 

Helping booksellers after the unexpected from Binc Foundation on Vimeo.

Carla Gray Memorial Scholarship Announced

Please join us in launching a new fund to support emerging booksellers and their efforts in community building, in honor of Carla Gray.

The Carla Gray Memorial Scholarship for Emerging Bookseller-Activists will be managed by the Book Industry Charitable (Binc) Foundation.

Carla Gray believed that books could change people and that people change the world. This memorial fund in her honor connects on both fronts, at the intersection of books and activism.

The Carla Gray Memorial Scholarship will be given annually to a single bookseller with fewer than five years of experience, working at a store with less than $500k in revenue. The bookseller will be given a scholarship for professional development, including attendance at a key industry trade show, one of Carla’s favorite activities. The bookseller will have the opportunity to connect with booksellers, publishers, and authors and to establish the kind of long-term relationships Carla held dear and that keep this business thriving. The bookseller will also be given a stipend (amount TBD) to support a community outreach project of his/her own creation. This scholarship and its recipients will celebrate and honor Carla’s boundless enthusiasm for the books themselves, her delight in pairing the right book with the right reader, and her faith in the bookselling community.

We are grateful to Binc for helping to commemorate our beloved friend and book champion. We are looking forward to refining the range of the award once we have a base fund established.”

Hannah Harlow, Jenna Johnson, and MaryBeth Long
Friends of the Extraordinary Carla Gray

Additional information can be found at Shelf Awareness, Publishers Weekly, and Legacy.com.

Contributions can be made here.

 

Guest Blog – Squirrel and Nest Financial Counselling: Tracking Your Spending

 

Squirrel and Nest Financial Counselling has teamed up with Binc Foundation to present ways for booksellers to build a foundation of financial literacy and move towards financial stability at any pay rate. In part two, the series continues with a discussion about how and why you should track what you spend.

If personal finance has a golden rule, it’s this: spend less than you make. If you can only follow one piece of financial advice, that’s the one. Yet, for however simple that advice seems, most people don’t actually follow it. If you’re not, you’re borrowing money and paying compound interest on the amount you borrowed. For some purchases that may make sense, like a mortgage on a house. Entering into debt should be done – if done at all – intentionally and in an informed manner. But that’s not what’s going on when we spend beyond our income, and with easy access to credit it takes no effort to do so.

How then do you begin to follow this golden rule? Track what you spend. You need to know – and understand – where your money is going and how you are using it.

This can be frightening and intimidating. We are taught to attach value to finances akin to “having money is good, and not having money is bad.” With this mentality, people in financial difficulty often judge themselves and enter a self-defeating loop. If you give into your inner negative, judging voice, you won’t be able to see your financial situation with honesty and clarity to be able to make the changes you want. The challenge you face is to detach yourself from this judgment. Cultivate an objective mind when you look at your money. This is the essential in developing a healthy financial perspective.

To track your spending, you really need to record every monetary transaction you make. This includes money coming in (paychecks, loans you take out) and going out (purchases, rent, debt repayment, etc). I personally prefer to do this manually by keeping a pen-and-paper record of all transactions in a blank book or journal. If you’re more technologically inclined, or if technology will get you to stick with your tracking exercise, use a spreadsheet. By manually entering every transaction, you are connecting with, and understanding, your money and the habits you’ve developed surrounding its use. You can tally it either as you spend or receive money, or you can keep your receipts and enter them at the end of each day, but you have to do this consistently. By each day’s end, you should know exactly how much money you have and where every cent that has gone.

If manual entry seems daunting, consider a bookkeeping app like Mint.com. This website and phone app allows you to link your bank accounts, credit cards and loans, and will let you track all of your income and spending automatically. You still have to do some work as it doesn’t always categorize transactions correctly, so you still have to go in and categorize your expenses, but you no longer need to manually enter each purchase you make. Some people find this a much easier and better system. Just keep in mind you are losing out on the advantages of writing this information down, including the immediate and very real connection to your spending habits.

After a month of this practice, you will develop a sense of what you have been doing with your money during the course of a month. Separate purchases into common categories like groceries, housing, entertainment, eating out, debt payments, books, etc. Figure out how much you’ve spent in each category and total the amounts. (Pro tip: Keep separate categories for groceries and eating/drinking out.)

At the end of the month, ask: Did you spend more or less than you made that month? What spending habits do you see when you look at these categories and receipts? Does this reflect your values / Is this how you want to spend your money? In compiling this information, you’ve created a budget template, which means you have a rough idea about what you spend in a month and can project your future spending needs. More than that, once you know how you’re using your money, you’re in a position to make conscious changes about your spending habits.

Other tools that may help you track your money include cash envelopes (more on that in this blog post), keeping a consumer spending journal, or other forms of creative journal tracking. The trick is to find the approach that works for you. Keep that in mind as you begin. Try as many different ways of tracking your money as you can and see what actually works for you. There’s a solution out there for you. You just have to be willing to try a few options.

Budgets and spending plans succeed when they are flexible. You know this already, but life can be unpredictable. You’ll find items in your expenditures that you weren’t expecting. Don’t let this throw you off course. Those exceptions happen, and as you do this month after month, you’ll come to find that they happen nearly every month in one way or another. Maybe it’s a birthday party you were invited to attend, or perhaps your car needed a repair. As you become more proficient at budgeting, add a category for those surprise expenses. Every month can be “exceptional,” but that doesn’t mean you can’t be prepared for it.

A few final points… Be sure to budget a line for savings, including building an emergency fund (Check out part one in this series to learn more about emergency funds). Building an emergency fund will keep an unexpected expense from turning into a disaster. And don’t forget to give yourself a set allowance for fun spending money that is not to be exceeded. Any budget plan with nothing set aside for fun is a plan for failure.

Make a plan, stick to it, and keep moving forward. You can do this!

(If you’re interested in seeing the startling amount of debt Americans rack up, the Federal Reserve publishes quarterly statistics about it. If you would like a meaningful discussion of debt, NerdWallet offers an accessible analysis on household debt and what it means.)

If you have any questions, feel free to email Justus Joseph at Squirrel and Nest.

If you are or know a bookseller in need of financial assistance, contact Binc at help@bincfoundation.org.

 

Guest Blog – Squirrel and Nest Financial Counselling: Emegency Funds

 

People who sell books for a living are in the industry because they love it. Passion, not money, brings people to bookselling careers. Learning how to live well on wages that gravitate near minimum wage without the benefit of tips can be a daunting task. Squirrel and Nest Financial Counselling has teamed up with Binc Foundation to present a few ways for booksellers to build a foundation of financial literacy and move towards financial stability at any pay rate. First in the series: Emergency funds.

Many of us come to the industry with debt, often a combination of credit cards and student loans. We face rising housing and living costs, and we deal with any number of financial quandaries on a daily basis. Given our economic realities, putting money aside to sit-and-wait for a just-in-case scenario can feel maddening – or seem plain mad. Yet emergency funds are arguably the most important element of a financial safety net. Perhaps second only to “spend less money than you make,” the financial advice to “build an emergency fund” is among the best you can follow.

What exactly is an emergency fund? It is cash set aside to be used only in an unexpected one-time situation and only to prevent imminent danger to one’s physical health. In other words, an emergency fund is money you keep to bail yourself out when a true emergency arises.

Sadly, emergencies will happen; they’re a common part of life. Knowing what is and isn’t an emergency will give you the guidelines you need to manage your just-in-case cash fund. An emergency is a one-time unexpected situation that threatens your access to basic food, shelter, clothing, and/or medical care. Specific threats to each category include the following:

Food – not having enough basic food to survive, having no money for food due to an unexpected situation, already using the food bank and still not making it.

Shelter – receiving an eviction notice, having essential utilities cut off (water, electricity, heat in cold months).

Clothing – lack of basic appropriate clothing to keep you safe and warm to due an unexpected situation.

Medical care – injury or illness that requires medical attention

What do each of these situations have in common? They threaten your very existence.

I want to dwell on medical care for one moment because your well being – financial and otherwise – is tied to your access to health care. You need health insurance; consider this absolutely non-negotiable. Making a choice not to pursue medical care is a decision that threatens your physical health in the short- and long-terms. Becoming sick is never expected, but it is a reality each of us faces even if we seem otherwise healthy. Even with insurance, co-pays, deductibles, and out-of-pocket expenses often lead people to not access these essential services. Having money on hand to cover those costs is crucial. When you have insurance, make sure you are familiar with its terms, copays, and out-of-pocket maximums. Once you know what you may have to pay in the worst-case scenario, add the amount to your emergency fund target goal.

How much money do you need in an emergency fund, and how do you put any money away on a bookseller’s salary?

Conventional financial advice suggests individuals save enough to cover three to six months of expenses, plus your worst-case out-of-pocket medical costs. We would love to say there’s an easy way for the average bookseller’s finances to reach this goal in a timely manner, but the reality is that saving that much cash for a minimum wage worker takes a very long time. So instead of looking at a large and daunting number, start small. Aim to create a $500 cash emergency fund.

Why $500? This amount will cover small, unexpected events like an emergency doctor visit, a basic car repair, a trip to the emergency vet with a pet, or being short on rent or food. It’s a number within reach of nearly everyone’s budget with some planning, and it’s a good start. If you put $20 away a month, you can have $500 in about two years. Increase your monthly savings to $42 to complete this goal within one year.

When you decide to create your emergency fund, it helps to keep the money separate from your usual living expenses. Keep it in a separate account, ideally a high-interest rate savings account often offered by credit unions and online banks, or set it aside as cash in an envelope or somewhere you will not be tempted to use it.

To build up your fund, consider utilizing these suggestions:

  • Have money transferred from your regular account to your emergency fund automatically.
  • Start small. And keep going. Even $20 a month is a good beginning!
  • Save unexpected windfalls. Instead of spending birthday money, a work bonus, surprise cash, etc., put it into your emergency fund.
  • Save more. Change your spending habits to make room to save. This requires knowing where your money is going and what it’s doing, which we’ll cover in a future blog post.
  • Earn more. Get a second job or a side-hustle to grow your income. Ask for a raise.
  • Forget your raise! If you do earn a raise, don’t inflate your lifestyle to match it. Continue to live on what you made previously. Put what additional money you earn into a savings account so you don’t see it.

When you’re saving, and after a while this amount will grow, keep in mind that it’s okay to let this money sit as cash or in a savings account. It may be tempting at some point to invest it to grow your money, but the point of an emergency fund is for it to be there right away when you need it. It’s your safety net. Leave it alone.

Moreover, a credit card is not an emergency fund. If you can’t afford to pay for an emergency need the moment it’s before you, how are you going to afford it later with compound interest added on? A $300 emergency on a credit card may end up taking 18 months to pay off and cost $42 extra in interest. Using a credit card to cover emergencies puts individuals in a bad situation where, on top of the stress of the emergency itself, they’re now in debt. Any further complications or a second emergency situation could damage their financial stability for years.

Consider buying term disability insurance. Employers are required to carry workers compensation insurance, which covers you in case you are injured on the job. Many large companies also give, or offer, disability insurance, which covers you in case you are sick or are injured from something other than a workplace injury. Many bookstores are too small or can’t afford to give employees disability insurance, so purchase a term disability policy in case your health suffers and you are unable to work.

Wherever you decide to begin, getting an emergency fund together is one of the best forms of protection you can give yourself. You’re the only one who’s going to look after you, so be the guardian you would want on your side and be kind to yourself. Make a plan, stick to it, and keep going.

If you have any questions, feel free to email Justus Joseph at Squirrel and Nest.

If you are or know a bookseller in need of financial assistance, contact Binc at help@bincfoundation.org.

Advocating Across the Nation

One of the most important parts of providing a safety net for booksellers is making sure they know the safety net is there.

The Book Industry Charitable (Binc) Foundation is fortunate to have great partners in the book industry like the American Booksellers Association and regional bookselling associations who help us spread our message to their members. Even with these great pillars of support helping Binc reach booksellers every day, there’s just no substitute for walking into a bookstore and telling a bookseller face-to-face that Binc has their back in an emergency.

Every member of the Binc team has a packet of information and Binc-related swag that we carry with us to stop into stores whenever we are travelling. We know direct contact with booksellers is key to promoting awareness of our programming since we can often trace each other’s journeys based on increased grant applications. As the one of the newest members of the crew, I recently had the opportunity to make my first series of bookstore stops while on a cross-country vacation.

I’ll admit, I was pretty confident going into my first store. Just a week before, our Program Director had visited 10 Texas stores in one day. I was positive that I could handle at least half that with no issues. I rehearsed my speech, prepared a handful of goodies including Binc bandages, magnets and an info sheet. I waited patiently until the bookseller finished helping a customer. Then things went off the rails.

“HellohaveyouheardaboutBincWe’rethhebookindustrycharitablefoundationand
we’reheretohelpyouinanemergencywecanprovidequickandconfidentialfinacialaidwithnostringsattached,” I was so excited to tell the bookseller about all of the different programs Binc has that I barely had time to pause for punctuation, let alone oxygen.

I was met with a duly-deserved eyebrow raise.

I held up my handful of Binc goodies, grinning and nodding and hoping the sight of magnets with pamphlets would assure the baffled bookseller that I was on the level. The bookseller nodded as if to say, “Yes, those are magnets, but why are you in my store waving them around?”

Tough Act to Follow: Program Director Kit Steinaway set a personal record by visiting 10 bookstores in one day during a recent trip to Texas. There were so many stores we couldn’t fit them all in this image.

Needless to say, I had to take a deep breath and restart my spiel. Once I slowed down and explained how Binc is dedicated to helping booksellers thrive by providing them with financial aid to overcome unexpected hardships, the bookseller was more than willing to take my proffered pamphlet and promised to explain to the other employees how a fancy new magnet found its way onto the break room fridge.

This isn’t just a blog post about how I embarrassed myself in front of a bookseller. It’s a call to action for anyone who wants to help Binc ensure that no bookseller in the country feels like they have to make it on their own.

Hero’s Journey: Not every Binc advocating visit has to be embarrassing! By the time I made it to Meltdown Comics in Los Angeles I was ready to explain our programming to booksellers Kimoy Lee (left) and Julia Fung (right).

We need you. Whether you are an author visiting dozens of stores across the country while promoting your new book or a bibliophile who wants to help protect their favorite local bookstores, let Binc know and we will send you everything you need to help us help booksellers.

Reach out to us at info@bincfoundation.org and we can help you get started as a Binc advocate. Or, if you’re reading this on the way to your favorite indie bookstore, you can check out this link to get a basic idea of what to say. Grab a selfie while you’re there and we’ll give you a shout out on social media so the world can see that you’re taking action to protect literacy in your community.

Advocate in Action: Desiree Cooper (left) took some time while promoting her new book  Know the Mother to talk with Jill Beauchamp (right) at Horizon Books in Traverse City, MI. All it takes is a few minutes and you can make a world of difference for a bookseller.

Getting Creative: Binc supporters help in unique ways

One of the best parts about working to provide a safety net for booksellers is the immense amount of creativity in the book industry. Book lovers and businesses don’t just offer their financial assistance, they think of new and creative ways to leverage their skills to best help Binc help booksellers.

In the past few weeks, we have experienced an outpouring of creative support from companies and individuals across the book industry.

Ingram Content Group offered Binc a burst of support and awareness with their #IngramForIndies campaign during the week leading up to Independent Bookstore Day. The campaign quickly surpassed its goal of more than 40 shares and retweets well before the Bookstore Day deadline and Binc received a $4,500 donation and increased visibility as a result. To top it off, Ingram hosted a raffle benefiting Binc on Bookstore Day at Parnassus Books in Nashville.

#IngramForIndies combined digital awareness, fundraising and a swell soiree (Courtesy Photo/Ingram Content Group)

Ingram isn’t alone in providing creative corporate support for the bookseller safety net. Take Basil Software, for example. The company has been long-time Binc supporters. But this year Basil found a creative way to help Binc even more. Basil is offering a one-time donation for every one of their customer stores who joins as a $20/month sustaining donor during our Campaign to Sustain.

Creative giving doesn’t stop with corporate supporters. Binc Ambassador Ann Patchett has offered an autographed copy of her latest award-winning novel Commonwealth to anyone who becomes a minimum $20/month sustaining donor.

The first 80 people to join Binc as a $20/month sustaining donor during Campaign to Sustain will receive an autographed copy of Ann Patchett’s latest novel!

Bookstores can also partner with Binc to help spread awareness and raise funds. Bank Square Books and Savoy Bookshop and Café recently provided Binc with several copies of Neil Gaiman’s latest book, Norse Mythology. Current sustaining donors who successfully encourage their friends and family to join during Campaign to Sustain will be entered for a chance to win one of five copies.

Bank Square Books and Savoy Bookshop and Cafe donated fabulous prizes for existing sustaining donors who encourage friends and family members to join during Campaign to Sustain.

Binc’s partnerships extend beyond help with our annual donor drive. Looking forward, we are planning a June collaboration with AdventureKEEN with the help of Ingram and edelweiss. The campaign is called “Shop Local, Live Local,” and will direct the company’s profits from June sales of regional AdventureKEEN books to support Binc. Booksellers and store owners interested in participating in the event can find more information here.

The people who care about booksellers are some of the most creative and generous people in the world. We want to hear from you because we know you have great ideas. Call us. Email us. Message us on social media. We want to work with you to strengthen the bookseller safety net.

Campaign to Sustain aims to help additional booksellers

The annual Campaign to Sustain is here! This is your opportunity to join the ranks of other authors, booksellers, store owners, publishers and readers who have made a commitment to help maintain our safety net for booksellers.

This year, Binc’s goal is to add 80 sustaining donors at $20/month. The additional support will make it possible for the Foundation to help an additional bookseller every month of the year. Yes, that’s right, you can help 12 additional booksellers this year.

Binc Ambassador Ann Patchett has offered to sweeten the deal. The first 80 sustaining donors who join at $20/month or more will receive an autographed hardcover copy of Ann’s latest award-winning book, “Commonwealth”! 

Ann isn’t the only one is making this Campaign to Sustain the best yet. Basil Software has offered to make a one-time donation for each of their customers who join as a sustaining donor at $20/month or greater.

If you’re still on the fence about becoming a donor, here are a list of reasons why now’s the best time to Think Binc:

Booksellers need your help.

There aren’t many retail positions that require as much education as being a bookseller. With the average public college debt above $25,000 and tuition rates continuing to rise, providing a financial safety net for the people who answer the call to promote literacy in their communities is more important than ever.

Becoming a sustaining donor protects the people who put books in the hands of people who need them.

Helping booksellers helps communities. Whether they are putting the perfect coming-of-age story into the hands of a young reader or helping someone find the perfect cookbook for backyard homesteading, booksellers enrich the lives of their customers. Binc sustaining donors make sure that enrichment continues, even when life throws booksellers a curveball.

Small donations make a big difference.

The Foundation provides booksellers with emergency help when they need it the most. When you become a sustaining donor, you make it possible for Binc to help booksellers before an emergency becomes a financial catastrophe. By working together with other book people, combined donations of any size become part of a substantial force for helping booksellers.

It’s tax-deductible and super easy.

Binc is a nonprofit organization and provides a number of options for how to become a sustaining donor. You can donate using your debit or credit card, directly from your bank account, or through payroll deduction.  Click here for details on how to set up payroll deduction at your store or company.  

You love books by Ann Patchett.

Who doesn’t love books by Ann Patchett? Helping us reach our goal by becoming one of 80 new sustaining donors means more than just reading the new Ann Patchett book – which Publisher’s Weekly described as a “funny, sad, and ultimately heart-wrenching family portrait,” – It means you get a copy signed by the author herself!

Help us reach our goal by becoming a Binc sustaining donor. 

Why don’t you apply?

Tim Smith, General Manager of Schuler Books, stopped by the Binc offices to meet with (from left) Kathy, Pam and Kit.

Tim Smith, General Manager of Schuler Books, stopped by the Binc offices to meet with (from left) Kathy, Pam and Kit. Binc is always willing to meet with booksellers, store owners and other book industry representatives to discuss our programming.

A letter to Booksellers,

Some of the results from our recent bookseller survey both surprised and saddened us. While 31% of you said you had been in a position of needing emergency assistance in the past two years, only 7.6% of you applied to Binc for help. Our goal has always been to have every bookseller in need look to Binc for assistance. We want you all to Think Binc first when you need help. We know we have a long way to go to reach that goal, and only when each and every booksellers reaches out to Binc first will we have succeeded. To help reach that goal, we need to clear up some common misconceptions about the Foundation.

Here are the reasons booksellers gave for not applying to Binc, and why those reasons shouldn’t deter you.

“I wasn’t aware Binc existed.”
We are working hard to reach each and every bookseller across the country. With the help of the ABA, the regional bookseller associations, Ingram, edelweiss, Shelf Awareness, Publishers Weekly, industry leaders, bookstore owners & managers and booksellers, we have made great strides. But clearly we have farther to go. You can help as well; when you visit bookstores be sure to tell the bookstore employees about Binc. Remind them to ThinkBinc!

“I didn’t think I’d qualify.”
We want every bookseller with a need to call us. Often when a you think you won’t qualify, you do. Give us a chance to talk about your challenge and see how Binc can help. We can’t always give a financial grant, but we promise to not leave you without resources to help you through your situation.

“I was afraid others would find out.”
We pride ourselves on confidential and compassionate service. You can call Binc toll free at 866-733-9064 or email us at help@bincfoundation.org, apply, receive assistance and no one outside Binc will ever know. We never reveal the names of any of our grant recipients without their full and enthusiastic approval.

“I was too embarrassed to ask for assistance.”
Binc isn’t here to judge, we are here to help. Needing a helping hand shouldn’t be embarrassing, we all need a little help now and then. Binc wants to help at the first sign of the hardship, saving you months of potential stress over how to pay your bills.

“It seemed like too much paperwork.”
We try to simplify the application process, asking for only the documents we are legally required to collect. We have streamlined our application as much as possible. We want the process to be easy and not to create more stress for you.

“The whole process was confusing.”
We know that the stress of a financial hardship can be overwhelming. Call us and we can walk you through the steps to apply. Don’t let temporary confusion lead to an overwhelming debt burden in the future.

“I figured there was somebody else who might have a bigger need.”
If you are having trouble paying your bills, then there is no one with a bigger need. We are constantly working to raise funds from industry supporters to make sure that there will always be enough money to cover bookseller’s needs, big or small. Also, we know that helping someone with a small need today can prevent it from turning into a larger need down the road.

“I’m a bookstore owner, not an employee.”
If you make your living from the bookstore, whether owner or employee, then you are eligible. Owners can have needs that are just as great as their employees. Often, helping an owner overcome personal financial hardships is what allows the bookstore to remain open, and therefore keeping other bookselling jobs.

“My bookstore closed, so I wasn’t eligible.”
Binc can now help employees who qualify for up to 12 months after the closing of the bookstore.

“I received enough support through other channels.”
OK, this may be the only answer that is acceptable. But for those who don’t have other alternatives, ThinkBinc!

If this letter has any effect, we hope it is to encourage you and your fellow booksellers to call us. We only exist to help booksellers through whatever life throws at you. Whether we help by paying your bills, provide you with additional resources in your area, help you mediate medical bills, or combination of all three, we promise to do all we can to help you get through the difficulty you are facing.

Remember, there is a 100% chance we won’t help if you don’t contact us!

Sincerely,

The Binc Team

Ingram Content Group Talks with Pam About How Binc Helps Booksellers

Published with permission from Ingram Content Group. Many thanks to Ingram for their continued support of Binc and our mission to help booksellers across the nation.

Everyone impacts the world through books. Whether it’s the bookstore manager or the librarian who helps a kid select his or her first book, the book publishing industry is supported by people just like you.

Ingram Q & A

When life happens, it’s important to support our peers when times get tough. Book Industry Charitable Foundation (Binc) provides financial assistance to booksellers in need. We recently spoke with Pamela French, Binc’s Executive Director, to find out more about their history and what’s important to them when it comes to helping booksellers in need.

Q: How did the Binc Foundation start?

A: The idea was planted when booksellers on one side of the country were impacted by a natural disaster, and their co-workers wanted to help them. Borders employees and executives set out to create a non-profit organization focused on helping each other.

Over the years, as the Foundation helped more and more booksellers it became a way for all Borders employees to get involved through events, fundraising, and volunteering. After Borders liquidated in 2012, the Foundation expanded to help all booksellers across the nation. We work with supportive partners like Ingram, the American Booksellers Association, and all the regional book associations to let booksellers know Binc is here to help.

This year, the Foundation celebrates 20 years of helping booksellers! More than 7,000 booksellers and their families have received just over $6M in support from Binc.

Q: What’s the importance of helping those in the book industry?

A: People get into the book industry out of a passion and love for reading, writing and sharing ideas. The Binc Foundation safety net strengthens the book industry by allowing book people to continue the work they love.

Q: What’s your history with books and their impact?

A: I’m fortunate to have always had books in my life. From a young age, I remember my parents reading to me and spending time every evening reading their own books. It was a natural path to take when I graduate from college. I answered an ad in a newspaper for a manager-in-training at Waldenbooks in Salt Lake City. I, then, spent the next 23 years on the retail side of the industry with Waldenbooks, Brentano’s, and then Borders.

Q: What has been your most memorable fundraiser?

A: One of the most memorable was a fall fundraising Zombie Apocalypse event that took place on Halloween weekend. The event was held at a brewing company complete with beer tasting and a silent auction. We even had a local dance troupe performed the dance from Thriller! They were dressed as zombie ballerinas and did an outstanding performance. It was very memorable and got a wide range of people involved

Q: What has been Binc’s proudest moment?

A: There are two that really stick out. The first was while I was visiting family in West Virginia. After three years of working to raise awareness about the Binc Foundation across the country, I walked into a bookstore to let them know about Binc. Before I even said a word the bookseller saw my card and the Binc logo and said, “Hey, I know about the Foundation.” It was one of those moments that you work towards and when it happens you know the hard work has paid off because booksellers know they can find help when they face a financial crisis.

Additionally, a dream come true moment happened this year when Ann Patchett enthusiastically agreed to be the inaugural Binc Ambassador. And she brought James Patterson on board as co-ambassador. It all came together this summer, and some days, it still feels like a dream. It’s an indication that the hard work of the volunteers, board members, store owners, and staff has paid off. More booksellers will learn about Binc not only when they need help, but if they want to give help too.

Q: How can someone get involved? What are the different committees someone can join?

A: Anyone interested in helping booksellers can get involved by joining a committee. The committees focus on programs, finance, marketing, and fundraising. We are always looking to expand our expertise within the book industry, and joining one of our committees is a great way to help. Also, if someone is interested in board service I’d love to talk with them. We are currently looking to add a lawyer and a store owner to our board.

And, of course, becoming a donor is another way to get involved and help ensure the Foundation is around for another 20 years.

Q: Last year, you gave 27 students a total of $109,000 in scholarships to fund their education. What’s the power of these scholarships for students?

A: The higher education scholarships give students the freedom to focus on their studies without worrying about where the money will come from to pay tuition or student loans. We have gotten many wonderful thank you notes from recipients saying how Binc’s scholarship has helped them achieve their career goals. Also, we’ve heard from family members about how a scholarship for their dependent helped them remain employed at their bookstore job while sending their child to college.

In one specific situation, a bookseller from Idaho was attending college to become a primary school teacher. Binc was able to assist with his final year of college, giving financial relief to his growing and financially stressed family. Binc’s scholarship helped produce one of the few male primary school teachers in the area, and this former bookseller, is now molding readers of the future and instilling a love of reading and books in children.

Q: What are Binc’s goals for the next five years? How will the organization grow to support our book community?

A: We spent that past four years not only spreading the word that the Foundation is here to help, but also working to determine if there was a longer term need for Binc. Through the number of grant requests, survey feedback, and overall interest we have determined that yes, there is a need for the Foundation’s services.

Our strategic framework for the next five years includes:

  • Awareness of and pride in the role Binc plays in helping to create a healthy and diverse bookstore community. Every bookstore and employee across the country knows about Binc and takes personal pride in and ownership of Binc as “my Foundation.”
  • Financially sustained by the industry; including publishers, distributors, wholesalers, authors, bookstores, and the public.
  • Strong and meaningful partnerships with the industry leaders.
  • Build on our program support to continue to meet the needs of the industry.

Want to get involved with Binc like we have? Find out how you can help support booksellers, become a Binc Advocate or strengthen a bookseller’s safety net with a donation.

Binc is kicking off the giving season with help from our board of directors!

2016-yea-1-1The Tuesday after Black Friday, Small Business Saturday and Cyber Monday is Giving Tuesday, an international day dedicated to generosity and giving back. On Tuesday, November 29th, the world will again come together to “get out the give” and support hundreds of charitable organizations by donating money and time to promote nonprofits that are important to them and the individuals they support.

Our Board will Double Your Donation on Giving Tuesday!

Our Board of Directors have pooled their “extra” gifts this year to create a dollar for dollar* matching gift. Your donation will literally go twice as far on Giving Tuesday. Starting November 29th through December 15th our board will match your gift, doubling your donation.

How can you make sure your gift goes twice as far on Giving Tuesday?

Donate to Binc today!

Bestselling author, bookstore owner and Binc Co-Ambassador, Ann Patchett, supports Binc because we are the only not-for-profit organization dedicated to helping bookstore employees in need across the country. Find out more about Ann’s support of Binc:
 

Binc helps keep booksellers in their jobs, in their families and in their homes by:

  • Keeping bookstores open
  • Covering evacuation, lodging or food and water expenses for a bookseller impacted by a disaster
  • Providing professional development scholarships for booksellers looking to enhance their business
  • Paying to safely house a bookseller who is escaping a situation of domestic violence
  • Providing financial assistance for booksellers in need of emergency surgery
  • Preventing a bookseller from becoming homeless by stopping eviction
  • Providing higher education scholarships

Help Spread the word

The more people that know about our Foundation, the more funds we will be able to raise to help booksellers. Here’s how:

  • Follow us on social media and share what you see
  • Let your colleagues and friends know about how their donation to Binc can help booksellers
  • Write a review for Binc on the Great Nonprofits website
  • Share your story. Have you received a grant from Binc? Share your experience to let others know how the Foundation helped you. Send us a blog post!

As always, the most important thing is…

Giving Tuesday was created to celebrate generosity and giving. The most important thing you can do on Giving Tuesday is to support the nonprofit organizations that are special to you, and that you feel make the world a better place. There is no better reason to give.

On November 29th, we hope you’ll join the #GivingTuesday movement and will generously donate to help Binc continue to support booksellers in need.

*Gifts matched up to $3,700.