Lion Forge team with the Binc Foundation to provide retailer assistance with the Forge Fund
For when comic retailers need a helping hand, Lion Forge and the Binc Foundation have set up a fund to provide assistance. The publisher have donated $100,000 in seed money to establish the Forge Fund, and a percentage of proceeds from future books will go toward the fund as well.
This is a great move all around, because really, if retailers struggle, where are we going to buy our comics? Seeing a publisher advocate for the revered “local comic shop” is nothing short of fantastic, so good on Lion Forge. Check out the details below.
Per Lion Forge:
#NYCC: LION FORGE AND BINC PARTNER TO LAUNCH THE FORGE FUND
Lion Forge Invests $100,000 Into the Future of the Direct Sales Market to Support Retailers
ST. LOUIS—Just before the doors opened to this year’s pop culture spectacle at the Jacob K. Javits Center, 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.
“The Forge Fund expands a vital financial safety net and enables the Binc Foundation to help more comic book retailers across the country," said Binc Executive Director Pam French. "Our most recent survey results let us know that one in five store employees have experienced a personal financial crisis within the past twelve months. 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. Our thanks and gratitude go out to Lion Forge for recognizing this need in their community and taking action to help.”
“Comic shops and their employees are the reason we are all here, and the assurance that we can continue to evolve our customer base and grow the readership of this medium we ALL love so dearly” says David Steward II. “As the industry finds itself in a time of transition, and in the wake of recent natural disasters, we knew that we had to do something meaningful to help. It’s for those reasons that today, we introduce the evolution of our partnership with Binc, and ‘The Forge Fund.’ I also would like to personally encourage other publishers to join us in this effort, as this is an investment in the future of our industry.”
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.
Retailers, look for titles in Diamond’s PREVIEWS catalog carrying The Forge Fund logo, and visit the Binc website for more information, on how you or your employees can access this program. Publishers, join Lion Forge in supporting our retail partners by contributing to the Forge Fund today!
The Book Industry Charitable (Binc) Foundation
The Book Industry Charitable Foundation is a 501(c)(3) nonprofit organization that coordinates charitable programs to strengthen the bookselling community. Established in 1996, the core program provides assistance to bookstore employees who have a demonstrated financial need arising from severe hardship and/or emergency circumstances. Since its inception, the organization has provided over $6.6 million in financial assistance and scholarships to more than 7,500 families. Support for the Foundation’s programs and services come from all sectors of the book industry. The Book Industry Charitable Foundation’s mission is to strengthen the bookselling community through charitable programs that support employees and their families. The Foundation was imagined and built by booksellers and proudly continues to be their safety net. It is our vision to be a caring community of book people.
For more information, head over to the Binc Foundation.