Current:Home > FinanceBrooklyn Org’s rebrand ditches ‘foundation’ from its name for being ‘old’ and ‘controlling’ -MoneyTrend
Brooklyn Org’s rebrand ditches ‘foundation’ from its name for being ‘old’ and ‘controlling’
View
Date:2025-04-18 17:55:45
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! (962)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- Top Federal Reserve official defends central bank’s independence in wake of Trump win
- Donna Kelce Includes Sweet Nod to Taylor Swift During Today Appearance With Craig Melvin
- New Orleans marks with parade the 64th anniversary of 4 little girls integrating city schools
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- Smithfield agrees to pay $2 million to resolve child labor allegations at Minnesota meat plant
- Natural gas flares sparked 2 wildfires in North Dakota, state agency says
- Dozens indicted over NYC gang warfare that led to the deaths of four bystanders
- The 'Rebel Ridge' trailer is here: Get an exclusive first look at Netflix movie
- Martin Scorsese on the saints, faith in filmmaking and what his next movie might be
Ranking
- Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
- Opinion: NFL began season with no Black offensive coordinators, first time since the 1980s
- Whoopi Goldberg calling herself 'a working person' garners criticism from 'The View' fans
- Burger King's 'Million Dollar Whopper' finalists: How to try and vote on your favorite
- Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
- Will Aaron Rodgers retire? Jets QB tells reporters he plans to play in 2025
- New York nursing home operator accused of neglect settles with state for $45M
- Wisconsin agency issues first round of permits for Enbridge Line 5 reroute around reservation
Recommendation
Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
Bankruptcy judge questioned Shilo Sanders' no-show at previous trial
'America's flagship' SS United States has departure from Philadelphia to Florida delayed
NFL Week 11 picks straight up and against spread: Will Bills hand Chiefs first loss of season?
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Tennessee suspect in dozens of rapes is convicted of producing images of child sex abuse
Top Federal Reserve official defends central bank’s independence in wake of Trump win
University of Illinois Urbana-Champaign chancellor to step down at end of academic year