Binc Launches Survive to Thrive Grant Program
The Book Industry Charitable Foundation has announced Survive to Thrive, a grant program designed to help independent bookstores and comic book shops stabilize and recover during the waning months of the pandemic.
The grant program is being supported by initial gifts of $500,000 from Ingram Charities and Ingram Content Group, $250,000 from Bookshop.org, and an additional $250,000 in donations from Hachette, HarperCollins, Macmillan and Penguin Random House.
Binc executive director Pamela French said the organization hopes to raise an additional $1 million by the end of May, and $2 million would allow Binc to provide 200 stores with grants of up to $10,000. Donations to the Survive to Thrive program are open and can be made here.
The grants will be awarded through a juried review process, with the jury comprised of industry leaders "who love book and comic shops and have the knowledge and expertise to review the grant applications." Applications for the program will open in mid-April, with the grants distributed in early June.
"We can't thank John Ingram enough for his visionary gift in support of independent bookstores and comic shops and for his hands-on advocacy in reaching out to other industry leaders," French said. "We are also grateful to the five additional companies that joined Ingram to kick-off the Survive to Thrive grant program."
"As we all turn our attention toward getting to the other side of the pandemic, I want to be sure local bookstores--gems of their communities--have a chance to not only survive, but thrive," said John Ingram, chairman of Ingram Industries and Ingram Content Group. "Bookstores are the lifeblood of local communities--their success is our success."
Andy Hunter, founder and CEO of Bookshop.org, said, "Bookstores should not be worried about staying in business if they have one bad season, an unforeseen major expense, or even a global pandemic."
Hachette Book Group CEO Michael Pietsch said, "Hachette is a longtime supporter of Binc and the independent booksellers who are so essential to books, authors, and reading, and we're proud to be part of Binc's Survive to Thrive initiative in this urgent moment."
Josh Marwell, president of sales at HarperCollins, said, "One of the lessons of the pandemic will be the role that books and authors played in helping the public get through very difficult times and the aid and comfort local bookstores provided to their communities in bringing authors and readers together. There are thousands of examples of how the nation's independent booksellers quickly rallied, developed new ways of doing business and were beacons of hope for better times. Now is a critical time for independent booksellers and we are so proud to support Binc's Survive to Thrive Initiative which will play a crucial role in helping Independents to retain a solid footing in their communities, as well as extending and refining the many innovative ways of bookselling that have arisen out of necessity during the last year."
Don Weisberg, CEO, Macmillan Publishers, said, "The independent bookstores of America are critical to our bookselling environment, and now more than ever we all need to rely on each other."
Jaci Updike, president of sales, Penguin Random House U.S., said, "In this time when the availability of wide-ranging information and ideas is more necessary than ever to the future of society, Binc's support of our authors and their books, by their heroic sustaining of a healthy small-business bookselling ecosystem, is cheering and inspiring."