Insights to Impact

The Latest from Brooklyn Community Foundation

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Donor Advised Funds

Thanks to our donors and Donor Advised Fund holders, we raised a record-breaking $16.5 million in 2018 to serve our borough.

 

This is a record-breaking total in the Foundation’s nearly 10-year history and a huge milestone for our growth.

As 2019 shapes up to be even more politically volatile than last year, there are lots of national issues and organizations grabbing our attention. But the greatest impact we can make as individuals is often right at home.

 

With a bit of planningand consultation with your tax professionalyour year-end giving can be a highly effective tool for long-term investing in charitable organizations in Brooklyn and beyond.

 

We urge you to take a moment to explore what Brooklyn’s community foundation is doing to address pressing challenges, support inspiring nonprofits, and spark lasting change for our borough.

The Joseph E. Mohbat Prize for Writing, which is supported through the Joseph E. Mohbat Fund at Brooklyn Community Foundation, recognizes a Brooklyn public high school senior who has demonstrated a gift of self-expression through writing.

Black Art Futures Fund (BAFF), a collective of philanthropists supporting Black arts organizations, and ALLINBKLYN, a women’s philanthropic initiative, each make annual grants to nonprofits with our administrative support.

 

The passing of the Tax Cuts and Jobs Act (TCJA) in the final weeks of 2017 left many Americans scrambling for advice on how the new legislation will affect what they pay—and what they can deduct—on their federal income taxes. In the past few weeks, a clearer picture has emerged, and it’s one that may be cause for concern for nonprofits around the country. But there are some silver linings.

In 2017, Brooklyn Community Foundation invested $5.4 million in nonprofit programs through our Community Fund and Donor Advised Fund programs—$1.5 million more than the previous year!

Jenny Walski
Vice President of Donor Engagement (She/Her/Hers)

For many of us, this has been a year when charitable giving has been top of mind even more so than in past years. But when the world feels unpredictable and the need greater than ever, it's important to give in a way that achieves the greatest impact.

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