Current:Home > MarketsBrooklyn Org’s rebrand ditches ‘foundation’ from its name for being ‘old’ and ‘controlling’ -CapitalCourse
Brooklyn Org’s rebrand ditches ‘foundation’ from its name for being ‘old’ and ‘controlling’
View
Date:2025-04-15 11:14:46
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! (3)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Polish president defies new government in battle over control of state media
- Becky Hill's co-author accuses her of plagiarism in Alex Murdaugh trial book
- Mexico’s army-run airline takes to the skies, with first flight to the resort of Tulum
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Almcoin Trading Exchange: The Debate Over Whether Cryptocurrency is a Commodity or a Security?
- Florida State quarterback Tate Rodemaker won't play in Orange Bowl, but don't blame him
- Teenager Najiah Knight wants to be the first woman at bull riding’s top level. It’s an uphill dream
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Argentina’s new president lays off 5,000 government employees hired in 2023, before he took office
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- As social media guardrails fade and AI deepfakes go mainstream, experts warn of impact on elections
- North West's Custom Christmas Gift Will Have You Crying Like Kim Kardashian
- Prosecutors oppose Sen. Bob Menendez’s effort to delay May bribery trial until July
- Senate begins final push to expand Social Security benefits for millions of people
- Tax season can be terrifying. Here's everything to know before filing your taxes in 2024.
- Here’s what to know about Turkey’s decision to move forward with Sweden’s bid to join NATO
- Almcoin Trading Exchange: The Debate Over Whether Cryptocurrency is a Commodity or a Security?
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
How Suni Lee Refused to Let Really Scary Kidney Illness Stop Her From Returning For the 2024 Olympics
California Pizza Huts lay off all delivery drivers ahead of minimum wage increase
Nick Cannon's Christmas Gift From Bre Tiesi Is a Nod to All 12 of His Kids
The White House is cracking down on overdraft fees
These 5 charts show how life got pricier but also cheaper in 2023
Turkey hits 70 sites linked to Kurdish groups in Syria and Iraq in retaliation for soldiers’ deaths
TEPCO’s operational ban is lifted, putting it one step closer to restarting reactors in Niigata