Current:Home > MyBrooklyn Org’s rebrand ditches ‘foundation’ from its name for being ‘old’ and ‘controlling’ -WealthSync Hub
Brooklyn Org’s rebrand ditches ‘foundation’ from its name for being ‘old’ and ‘controlling’
View
Date:2025-04-17 04:56:00
NEW YORK (AP) — To appeal to a new generation of philanthropists, the Brooklyn Community Foundation is ditching the word “foundation” and establishing itself with a new name: Brooklyn Org.
Jocelynne Rainey, who took over as president of the 14-year-old grantmaker two years ago, said the name change is meant to convey that the foundation serves the residents of Brooklyn and highlights the expertise of its people, instead of suggesting a “top-down” approach sometimes taken by grantmakers.
“There is nothing wrong with the word ‘foundation,’” she said. “But there’s a perception that we’re hearing from the next generation of givers that ‘foundation’ feels a little old and a little controlling.”
Rainey’s goal is to attract new donors and make the grantmaker — which awards about $12 million each year to a range of causes, including justice reform, housing, and health — as recognizable as the Brooklyn Museum or the Brooklyn Academy of Music.
To complete the name change, Brooklyn Org purchased the domain name Brooklyn.org for just under $50,000, and received pro bono branding consultation from a Brooklyn-based firm.
The change comes at a time when an increasing number of Americans are giving philanthropy the side-eye. This year, 26% of people said they distrust philanthropy, up five percentage points from last year, according to a survey conducted by Independent Sector, a membership organization of nonprofits and grantmakers, and Edelman Data and Intelligence.
But philanthropies wanting to totally shed their previous identities should exercise caution, said Sruthi Sadhujan, senior strategy director at Hyperakt, a branding firm that has worked to recast the public image of several grantmakers, including the Ford Foundation.
Sadhujan said there is enormous pressure for foundations to shed their image as organizations that can simply write big checks. Rather than denying their power and influence, foundations should consider how to use their institutional heft as a force for good. Acknowledging their status and using the pull they have as a wealthy foundation might help grantees get a seat at the table with other elite institutions, including professional societies and prestigious universities.
“The goal is not to rid the landscape of any and all institutional artifacts,” Sadhujan said of the rebranding process. “It’s to redefine an institution and to create a new sort of understanding of what they do, why they exist, and who they serve. “
The point isn’t lost on Rainey, who says that no matter what people call it, Brooklyn Org is still a foundation. But she said the new name reflects different practices the foundation has put in place that let residents steer the course of the institution.
The foundation has about $70 million in grantmaking assets it can use at its discretion and around $40 million in donor-advised funds, which are managed by the foundation but given out at the direction of the donors.
All of the foundation’s discretionary grantmaking, Rainey says, uses a participatory approach, where residents research and pick nonprofits to receive grants.
“We want to be a model for how philanthropy can be different,” she said. “And we want to be able to exhibit that in our name.”
_____
This article was provided to The Associated Press by The Chronicle of Philanthropy. Alex Daniels is a senior reporter at the Chronicle. Email: alex.daniels@philanthropy.com. The AP and the Chronicle receive support from the Lilly Endowment for coverage of philanthropy and nonprofits and are solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.
veryGood! (596)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- ABC will air 6 additional ‘Monday Night Football’ games starting this week with Bills-Jets
- North West Jokes Mom Kim Kardashian Hasn't Cooked in 2 Years
- Taco Bell returns Double Decker Tacos to its menu for limited time. When to get them
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Kentucky woman is arrested after police find human remains in her mom’s oven and a body in the yard
- Fisher-Price recalls over 2 million ‘Snuga Swings’ following the deaths of 5 infants
- Texas man drops lawsuit against women he accused of helping his wife get abortion pills
- Buckingham Palace staff under investigation for 'bar brawl'
- NFL MVP rankings: CJ Stroud, Lamar Jackson close gap on Patrick Mahomes
Ranking
- South Korean president's party divided over defiant martial law speech
- Meet the California family whose house becomes a magical pumpkin palooza
- Montana businessman gets 2 years in prison for role in Jan. 6, 2021, insurrection at the US Capitol
- Kylie Jenner Shares Proof Big Girl Stormi Webster Grew Up Lightning Fast
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- 'I was very in the dark': PMDD can be deadly but many women go undiagnosed for decades
- Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
- ABC will air 6 additional ‘Monday Night Football’ games starting this week with Bills-Jets
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Vince Carter headlines 13 inductees into Naismith Basketball Hall of Fame this weekend
New York Yankees back in ALCS – and look like they're just getting started
IRS extends Oct. 15 tax deadline for states hit by hurricanes, severe weather
Trump issues order to ban transgender troops from serving openly in the military
Woman pleads guilty to trying to smuggle 29 turtles across a Vermont lake into Canada by kayak
Christina Hall's Ex Josh Hall Trying to Block Sale of $4.5 Million Home
Singer El Taiger Dead at 37 One Week After Being Found With Gunshot Wound to the Head