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Brooklyn Elders Fund: A New Permanent Fund to Care for Brooklyn’s Older Adults

Today, we're pleased to announce the launch of the Brooklyn Elders Fund, a permanent fund seeded by $10 million to promote the care and welfare of older adults in Brooklyn. The announcement took place at University Settlement’s Ingersoll Community Center in Fort Greene.

The first of its kind to tackle issues affecting aging Brooklynites, the fund brings together older adults, policymakers, and community-based nonprofits to support both proven strategies and innovative approaches to providing the care and support that our aging population needs.

“After building the Brooklyn neighborhoods the world has grown to love, Brooklyn’s elders are too often living in poverty, struggling to find decent housing they can afford, and fighting for basic services that would allow them to live with dignity. It is the definition of a crisis,” said Cecilia Clarke, President and CEO, Brooklyn Community Foundation. “We partnered with donors to establish the Brooklyn Elders Fund to bring Brooklynites together to tackle this challenge head on. With new ideas and significant new resources, we will do our best to honor and transform the lives of older adults in our neighborhoods for generations to come.”

To determine the most effective strategy for the Brooklyn Elders Fund, this winter we kicked off a series of listening sessions inspired by our Brooklyn Insights project to bring together diverse voices of Brooklyn’s elders across the borough to shape the priorities of the new fund. The data and stories collected from these sessions will allow the fund to target the most salient and critical issues affecting Brooklyn’s diverse communities of older adults. 

“Brooklyn has a long tradition of honoring and caring for its eldest residents. The establishment of the Brooklyn Elders Fund will help our older neighbors age in place with dignity, supporting them with the highest standards of care and respect that they have earned and deserve, said Brooklyn Borough President Eric Adams. "I thank the Brooklyn Community Foundation for their continued commitment to uplifting our borough and bringing us together to make positive change, as One Brooklyn.”

With the largest population of older adults of any county in New York state, 13.5 percent of Brooklyn’s population is older adults, and more than one in five live below the poverty line. With the average stay in New York City nursing homes costing close to $150,000 per year, older adults are struggling to find housing and care while many nursing homes are forced to close, amplifying the near crisis in finding affordable housing.

The Brooklyn Elders Fund is seeded with $10 million from two field of interest fundsCABS Community Foundation and the Fund for the Health & Integrity of Seniorsheld permanently at Brooklyn Community Foundation. The source of the funds are the result of two closed nursing homes, assets from which will now remain in and continue to serve older adults in Brooklyn. Learn more about field of interest funds.

“CABS has a long history of providing home care and senior living services and partnering with other community organizations to provide care to our seniors,” said Bill Pernisek, Fund Advisor, CABS Community Foundation at Brooklyn Community Foundation, and President, CABS Home Attendants Service. “It was unfortunate that our senior living center in Brooklyn had to close, but through this partnership with Brooklyn Community Foundation, we can ensure the resources will support solutions to the challenges our seniors face daily, from housing and healthcare to transportation and isolation.”

In February, the Brooklyn Elders Fund issued a round of preliminary grants totalling $340,000 to support seven organizations that reflect the breadth and diversity of the fund’s mission:

  • CABS Home Attendants Services
  • Ellery Court Senior Housing Development Fund Corporation
  • Myrtle Avenue Revitalization Project
  • Riseboro Community Partnership
  • Southside United HDFC–Los Sures
  • St. Nick’s Alliance
  • University Settlement Society of New York

Learn more about the Brooklyn Elders Fund

Liane Stegmaier

Vice President of Communications and Strategy
“It was unfortunate that our senior living center in Brooklyn had to close, but through this partnership with Brooklyn Community Foundation, we can ensure the resources will support solutions to the challenges our seniors face daily, from housing and healthcare to transportation and isolation.” - Bill Pernisek, Fund Advisor, CABS Community Foundation at Brooklyn Community Foundation, and President, CABS Home Attendants Service.