Forest City Ratner Foundation: still supporting BAM, the Brooklyn Museum, and Markowitz's concert series
As with the return through the year ending 1/31/2008, the latest return, through the year ending 1/31/09, shows that the single largest recipient of the developer's largess, by far, was the World Trade Center Memorial Foundation (a fundraising effort led by Mayor Mike Bloomberg), gaining $1 million out of the approximately $1.5 million total dispensed.
Gifts in Brooklyn
But the foundation also plays a role in maintaining friendly relationships with some important institutions and neighbors. Thus Polytechnic University, Forest City Ratner's original partner in MetroTech, got $100,000.
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The foundation also gave $100,000 to the Brooklyn Academy of Music. Bruce Ratner has been a BAM Trustee since 1989 and chaired its board from 1992 until 2001. BAM has unequivocally supported the Atlantic Yards project.
It gave $165,000 to the Brooklyn Museum of Art, up from $125,000 in the previous year. In April 2008, shortly before the foundation delivered $100,000, Bruce Ratner was honored by the museum, an event that provoked a sometime bitter public protest.
For the second straight year, Borough President Marty Markowitz's Martin Luther King Jr. concert series got $100,000.
(Actually, Forest City Ratner, though not its foundation, is listed as a patron of both the King series as well as Markowitz's Seaside Concert Series in Coney Island, so the foundation gift may be an extra.)
Among smaller gifts, the foundation also gave $16,000 to an organization it has regularly supported, Futures in Education, which supports Catholic schools in Brooklyn and Queens.