Current:Home > FinanceBrooklyn Org’s rebrand ditches ‘foundation’ from its name for being ‘old’ and ‘controlling’ -NextWave Wealth Hub
Brooklyn Org’s rebrand ditches ‘foundation’ from its name for being ‘old’ and ‘controlling’
View
Date:2025-04-16 11:37:34
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! (32)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Golden Bachelorette: Joan Vassos Gets Engaged During Season Finale
- Beyoncé has released lots of new products. Here's a Beyhive gift guide for the holidays
- Atlanta man dies in shootout after police chase that also kills police dog
- 'Most Whopper
- See Blake Shelton and Gwen Stefani's Winning NFL Outing With Kids Zuma and Apollo
- Tesla issues 6th Cybertruck recall this year, with over 2,400 vehicles affected
- Gold is suddenly not so glittery after Trump’s White House victory
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Justice Department says jail conditions in Georgia’s Fulton County violate detainee rights
Ranking
- The Daily Money: Spending more on holiday travel?
- Trading wands for whisks, new Harry Potter cooking show brings mess and magic
- 32-year-old Maryland woman dies after golf cart accident
- Mississippi expects only a small growth in state budget
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Shocked South Carolina woman walks into bathroom only to find python behind toilet
- 'Treacherous conditions' in NYC: Firefighters battling record number of brush fires
- USMNT Concacaf Nations League quarterfinal Leg 1 vs. Jamaica: Live stream and TV, rosters
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Whoopi Goldberg calling herself 'a working person' garners criticism from 'The View' fans
What Republicans are saying about Matt Gaetz’s nomination for attorney general
Opinion: NFL began season with no Black offensive coordinators, first time since the 1980s
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Gold is suddenly not so glittery after Trump’s White House victory
Vermont man is fit to stand trial over shooting of 3 Palestinian college students
Historian Doris Kearns Goodwin to kick off fundraising effort for Ohio women’s suffrage monument