92nd Street Y Receives $15 Million for Innovation and Social Impact

The 92nd Street Y in New York City has announced a $15 million gift from the family of board member Laurence Belfer in support of its Center for Innovation and Social Impact.

The gift will enable the center, of which Belfer is founder and chair, to advance existing initiatives and create new opportunities for mission-driven innovation. Since its inception in 2013, the center has helped launch a variety of initiatives, including the now-annual #GivingTuesday; American Conversation, a multi-platform, multi-partner campaign to encourage civic conversation; the Social Good Summit, which explores the impact of technology and new media on social-good initiatives; the 7 Days of Genius festival; the Shababa Network, a training program for organizations that are rethinking and transforming family engagement and Jewish life; the Ben Franklin Circles, an initiative to revisit Franklin's mutual improvement clubs for the twenty-first century; and Women inPower, a fellowship program for female leaders across sectors.

In recognition of the gift, the center will be renamed the Belfer Center for Innovation and Social Impact.

"The team at 92Y has shown a remarkable ability to generate impactful mission-based programs that leverage the power of collaborations for the greater good," said Belfer. "My hope is that this gift will allow 92Y to devote even more resources to creating great innovations while retaining the agility and sense of experimentation that has taken us this far."