Disasters/Relief

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30 Mar
Survive to Thrive: Donate Now

$1 Million Donation Kicks Off “Survive to Thrive” Initiative

Binc’s new initiative has received $500,000 jointly from Ingram Charities and Ingram Content Group, $250,000 from Bookshop.org, and $250,000 total from Hachette, HarperCollins, Macmillan, and Penguin Random House.

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29 Mar

What Booksellers Need to Know About the Employee Retention Tax Credit

With Q1 coming to a close, booksellers should check if they are eligible for the credit (worth up to $28,000 per employee for 2021). The tax credit can be claimed on quarterly tax filings.

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29 Mar
Dollar bills coming out of an envelope

An Updated List of Federal COVID Relief Available + Deadlines

The deadline to apply for the Paycheck Protection Program has been extended through May 31. Booksellers are encouraged to look through the full list of relief to ensure they are not leaving money on the table.

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17 Mar

An Overview of the American Rescue Plan

The $1.9 trillion relief package builds on many of the same programs established by the CARES Act and subsequent relief bills. Here is an overview of some of the most important provisions for booksellers.

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09 Mar

PPP Changes for Sole Proprietors, Self-Employed Individuals

Self-employed business owners with no employees can now elect to calculate their maximum PPP loan using their 2019 or 2020 gross income rather than net profit.

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03 Mar
Dollar bills coming out of an envelope

Apply for PPP Before the Two-Week Priority Window Ends March 9

Eligible bookstores are encouraged to apply for either their first or second draw PPP loan before the 14-day window closes. Bookstores can find a participating PPP lender through the SBA Lender Match tool.

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03 Mar

Binc honored with LA Times Book Prizes Innovator’s Award

The Innovator’s Award “spotlights efforts to bring books, publishing, and storytelling into the future.” Binc is being recognized for the work the foundation did at the height of the COVID pandemic. 

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01 Mar

Applications Open for Binc Foundation Higher Education Scholarship Program

Binc will again this year award seven $3,500 scholarships to the dependents of bookstore and comic shop employees and one Karl Pohrt Tribute Scholarship award of $5,000.

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24 Feb
Binc Trivia Night

Trivia Game to Support Binc Raises $2,629

On Saturday, February 20, more than 200 book industry colleagues joined a virtual trivia game to benefit the Book Industry Charitable Foundation.

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23 Feb
Dollar bills coming out of an envelope

PPP Changes Grant Certain Businesses Access to Relief

Starting February 24, the Biden Administration is opening a 14-day period in which only small businesses with fewer than 20 employees can apply for relief.

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17 Feb

Binc Offers Help for Booksellers Affected by Severe Weather

The Book Industry Charitable Foundation may be able to help owners or employees with personal household expenses related to a natural disaster. In addition, Binc can assist with expenses directly related to the store in certain cases.

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27 Jan

Get Your PPP Round Two Questions Answered on a January 28 Webinar

The webinar, which will last approximately one hour, will cover PPP reauthorization and important changes, advance grants through the Economic Injury Disaster Loan program, SBA Debt Relief Program, and more.

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25 Jan

Binc Foundation Welcomes New Board Member, New Staff

As the Book Industry Charitable Foundation kicks off its 25th anniversary year, it is welcoming Kuo-Yu Liang as a new Board member and Kera Yonker as development coordinator.

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13 Jan
Dollar bills coming out of an envelope

A Breakdown of the New COVID-19 Relief Package

On December 27, 2020, a new COVID-19 relief package was signed into law. The package extends and expands many of the same programs established by the CARES Act.

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