The Brooklyn Community Foundation and its President, Cecilia Clarke, were profiled by The Wall Street Journal.
The Brooklyn Community Foundation is looking to press the reset button. The $60 million foundation, which focuses its grant-making in Brooklyn, was intended to grow in influence and size when it transitioned from the private Independence Community Foundation into a full-fledged charity in 2009. The feeling was that as the borough grew in both affluence and cultural cachet, neighborhood-based philanthropy would rise, too.
But that never really happened for the Brooklyn Community Foundation. Assets remained steady. Grant-making plugged along. The foundation did its job, but never really soared. With superstorm Sandy serving as a kind of catalyst for the borough—and for local philanthropy—the foundation is taking a new tack under the leadership of Cecilia Clarke, who began as president last September...