Binc News

Binc Announces 2021 Higher Education Scholarship Recipients

Ann Arbor, MI —Eight recipients have been selected to receive a total of $29,500 in scholarships as part of the Book Industry Charitable (Binc) Foundation’s 2021 Higher Education Scholarship Program. The recipients were selected from thirty-four applicants. Winners are attending colleges and universities in New York, Florida, Arizona, Tennessee, Massachusetts, Delaware, Wisconsin, and Michigan. They are

“Survive to Thrive” Gives $1.1M in Grants to 115 Stores

Hands holding up books and magazines

The Book Industry Charitable (Binc) Foundation announced today the Survive to Thrive, the special, one-time store grant initiative, will make awards to 115 independent bookstores and comic shops totaling $1.1 million. Ninety-nine stores will receive grants of $10,000 and 16 will receive $7,500. The grant recipients were determined by a juried application process with the goal of assisting stores that were poised to make a strong recovery from the pandemic.

Binc Launches Feasibility Study for Bookstores in Underserved Markets

Binc has engaged social impact consulting firm Strategic Growth Group (SGG) to research a possible framework for supporting bookstores in underserved markets. The research, which is being funded by $60,000 in donations from book industry partners Abrams, the American Booksellers Association, HarperCollins Publishers, Litographs and Macmillan will seek to determine if Binc’s mission might be expanded to include a program that helps owners purchase, expand, open or revitalize bookstores in communities without ready access to books and the community services independent bookstores often provide.

Simon & Schuster Honors Carolyn Reidy with Gift to “Survive to Thrive”

On the first anniversary of her death, Simon & Schuster announced a gift to the Survive to Thrive grant program in honor of long-time President & CEO Carolyn Reidy. Reidy was an early supporter of Binc as the Foundation grew beyond its origins serving Borders employees exclusively. This generous gift in Reidy’s name will help Survive to Thrive reach its $2 million fundraising goal.

Authors Donate $40,000 in Matching Funds, Maintaining Momentum for “Survive to Thrive”

A dozen authors and illustrators have joined together to create a matching pool of $40,000 to drive the next stage of fundraising for Binc’s Survive to Thrive grant program, which will provide substantial grants to as many as 200 independent bookstores and comic shops contending with the effects of the pandemic.

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