Tag Archives: binc

Binc is Preparing to Help Book and Comic Retailers

Binc

With COVID-19 shutting regions down and impacting consumer spending, retailers are feeling the pinch. The situation looks dire, especially with no end in sight. The Book Industry Charitable Foundation (Binc) is preparing to assists booksellers and comic retailers in these trying times.

Binc’s assistance will vary depending on the needs of retailers. Binc is focused on helping with expenses such as medical or personal household under the following circumstances:

  • If a bookstore employee contracts an illness and cannot go to work.
  • If a member of a bookseller’s household contracts an illness and the employee is forced to quarantine themselves to prevent further spread of the virus.
  • If a bookseller loses more than 50% of their scheduled work hours because residents are told not to go to work.*
  • If a bookseller loses more than 50% of their scheduled work hours due to a mandatory quarantine.

They are encouraging sellers with needs to reach out with concerns and help for request.

They also have numerous handy tips to prepare and protect in these times.

Those interested in donating to Binc can do so here and those with a request related to COVID-19 can do so here.

Binc is a 501(c)(3) nonprofit dedicated to assisting booksellers in need. The Binc Foundation grew out of a wish of bookstore employees to establish a fund to help their colleagues experiencing unexpected financial crises. Binc is dedicated to assisting bookstore employees across the United States in their greatest time of need.

NYCC 2019: Lion Forge and Binc Launch The Forge Fund for Comic Retailers

Forge Fund

At New York Comic Con, David Steward II and Annie Philbrick of the Book Industry Charitable Foundation (Binc) greeted a room full of retailers at the Diamond Comics breakfast with the introduction of The Forge Fund, a renewal of their partnership to support direct market retailers and their employees in times of hardship.

Lion Forge has donated $100,000.00 of seed money to Binc to establish this special fund for comic shops. In addition to this initial investment, going forward, 5% of proceeds from select titles will go to Forge Fund, with this week’s release of the Gail Simone written Catalyst Prime series Seven Days to be the first in the program.

This new fund gives the Foundation the ability to assist those working in the comic book industry who are facing financial emergencies today and in the future.

The Binc Foundation provides confidential financial assistance to comic retailers and booksellers, who have a demonstrated need arising from severe hardship or emergency circumstances. Retailers and their families who are suffering from financial challenges due to illness, death in the family, expenses associated with escaping domestic violence, homelessness prevention, natural disaster recovery and more now have a place to call when help is needed.