Fast Company: This New Development Will Ask Buyers To Invest In A Fund To Give Back To The Community

When a new condo development opens in Brooklyn’s Dumbo neighborhood in late 2020 or early 2021, residents will get a unique request when they move in: an invitation to donate to a new philanthropic fund to support social causes in neighboring communities.

Called the Better Brooklyn Fund, the first-of-a-kind fund is a collaboration between Alloy Development, the developer behind the building, and the Brooklyn Community Foundation, a public foundation that will administer the fund. When the developers approached the foundation about the idea, the foundation immediately recognized the potential.