Non-profit models for bookstores

Host:  Donna Paz Kaufman

Notes

Sara from Charis (Atlanta) and Ryan (Open Book in Chicago) shared their structures, how they evolved and how they work best.

Charis has several entities: a for-profit bookstore and two no-profit initiatives. What general booksellers consider author events are considered programs.

Open Book is 100% non-profit. Bookstore revenues help fulfill the mission.

Sources of funds:

Private donors: monthly, one-time, founders

Family trusts – often have fewer strings attached, can be used for overhead and staff

Local grants

Government grants – the most time-consuming and tedious

Advice:

  1. Find Your Niche – Know what kinds of programs and outreach you want to do. Put this in place beforehand so you know where to look for funding.
  2. Create Relationships – A year or two before you form a non-profit, meet with officers to share your work and understand the initiatives they are interested in supporting.

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: