Located in Ann Arbor, Book Industry Charitable Foundation is a nonprofit that is dedicated to assisting booksellers in need. The foundation strengthens the bookselling and comic retailing communities through charitable programs that support employees, owners, and their families who have demonstrated financial need arising from severe hardship and/or emergency circumstances. Since its founding, the foundation has provided more than $9 million in financial assistance and scholarships to more than 9,000 families. The foundation got its new name in 2011 after Borders Group Inc., which started the foundation, began its liquidation. Book Industry Charitable Foundation is the only nonprofit in the country dedicated to assisting booksellers and comic retailers in need.