Current:Home > ContactBrooklyn Org’s rebrand ditches ‘foundation’ from its name for being ‘old’ and ‘controlling’ -FinTechWorld
Brooklyn Org’s rebrand ditches ‘foundation’ from its name for being ‘old’ and ‘controlling’
View
Date:2025-04-17 06:06:03
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! (14)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- California votes in its Senate primary race today. Meet the candidates vying for Dianne Feinstein's seat.
- Alabama man jailed in 'the freezer' died of homicide due to hypothermia, records show
- US Rep. Steve Womack aims to fend off primary challenge from Arkansas state lawmaker
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Beyoncé and Jay-Z made biggest real estate move in 2023 among musicians, study finds
- Man convicted of New York murder, dismemberment in attempt to collect woman's life insurance
- What time do Super Tuesday polls open and close? Key voting hours to know for 2024
- Don't let hackers fool you with a 'scam
- Can you register to vote at the polls today? Super Tuesday states with same-day voter registration for the 2024 primaries
Ranking
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- After a fender bender, this pup ran a mile to her doggy daycare to seek shelter
- Julianne Hough Shares How She Supported Derek Hough and His Wife Hayley Erbert Amid Health Scare
- San Francisco Giants' Matt Chapman bets on himself after 'abnormal' free agency
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- US Rep. Steve Womack aims to fend off primary challenge from Arkansas state lawmaker
- Migrant crossings along the southern border increase as officials prepare for larger spike
- Of the Subway bread choices, which is the healthiest? Ranking the different types
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Single-engine plane crashes along Tennessee highway, killing those aboard and closing lanes
Former Twitter executives sue Elon Musk for more than $128 million in severance
Allegheny Wood Products didn’t give proper notice before shutting down, lawsuit says
Most popular books of the week: See what topped USA TODAY's bestselling books list
Julianne Hough Shares How She Supported Derek Hough and His Wife Hayley Erbert Amid Health Scare
Supreme Court says Trump can appear on 2024 ballot, overturning Colorado ruling
Washington state lawmakers approve police pursuit and income tax initiatives