The Brooklyn College Foundation was established in 1958 to encourage and promote the academic purposes of Brooklyn College of the City University of New York and the educational welfare of students, faculty, alumni and the community. The foundation is incorporated in New York State, registered as a 501(c)(3) not-for-profit corporation, and listed by the New York State Office of Charities Registration.

Through a full spectrum of fundraising programs, the foundation provides resources that advance the mission of Brooklyn College.

The foundation is governed by a board of trustees, who are chosen for their professional expertise and for their commitment and generous support of the college. Trustees are elected for three-year terms and serve without compensation. The president of Brooklyn College is a nonvoting trustee. The executive director of the foundation also serves as vice president for institutional advancement for the college.