Binc News

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.

Binc’s 2020 Highlights & April Impact Call

In 2020, together, we brought hope and reassurance to 2,248 bookstore and comic shops owners, their employees and families, with more than $3M in emergency financial assistance. Every call for help was answered and everyone with a need that qualified was helped to get their household out of crisis or help their store pivot.

“Survive to Thrive” Applications Open April 19

The Book Industry Charitable (Binc) Foundation announced today that applications for the Survive to Thrive grant program will be accepted beginning, today, April 19 and ending May 10 at 5pm Eastern. Fundraising for the grant program, which is designed to provide substantial grants to as many as 200 independent bookstores and comic shops, is still underway with a campaign goal of $2 million by the end of May. Grants will be awarded to the selected stores in early June.

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