Oct 5, 2026 · 20 min · 10 segments
As a kid growing up in Coney Island, luck played a big role in setting her life path. Now, as the president and incoming CEO of a nonprofit venture philanthropy fund, Frances is working to make sure…
So for me, growing up, it was a strange place 'cause we did have this, like, really iconic set of places nearby, and yet the neighborhood itself was actually very much a working class, low-income neighborhood.
And so I felt like the community of Coney Island was sending me all kinds of messages, and those messages were, "You grew up on the wrong side of that gated community.
You grew up on the wrong side of that fence," right? There wasn't a ton of, like, careers and, and educational opportunities right in Coney Island.
And so what I found was that at home, my parents had to create this environment that fortified me and my sister, right? The whole reason why we moved to Coney Island was because there was HUD housing available.
My parents could actually afford to buy a house with a patch of grass and live in a community, and they really wanted that for us.
He literally took a box on a conveyor belt and said, "It's going to the West Coast.
It's going to the East Coast." But he kept his head down, and he kept at it for thirty-five years because that's what you do.
And when you are 10 years old, that opportunity shows up in a very distinct way.
Someone sort of discovers you, nominates you for this program, Prep for Prep, which I am very familiar with because you and I both went to Harvard.
It does change the course of your life, and one of the things that I'm constantly reflecting on, Alicia, is the fact that, like... like, the role that luck plays in our lives, and I don't think we talk about it enough 'cause we still have this, this focus on rugged individualism.
So for me, growing up, it was a strange place 'cause we did have this, like, really iconic set of places nearby, and yet the neighborhood itself was actually very much a working class, low-income neighborhood.
And so I felt like the community of Coney Island was sending me all kinds of messages, and those messages were, "You grew up on the wrong side of that gated community.
You grew up on the wrong side of that fence," right? There wasn't a ton of, like, careers and, and educational opportunities right in Coney Island.
And so what I found was that at home, my parents had to create this environment that fortified me and my sister, right? The whole reason why we moved to Coney Island was because there was HUD housing available.
My parents could actually afford to buy a house with a patch of grass and live in a community, and they really wanted that for us.
He literally took a box on a conveyor belt and said, "It's going to the West Coast.
It's going to the East Coast." But he kept his head down, and he kept at it for thirty-five years because that's what you do.
And when you are 10 years old, that opportunity shows up in a very distinct way.
Someone sort of discovers you, nominates you for this program, Prep for Prep, which I am very familiar with because you and I both went to Harvard.
It does change the course of your life, and one of the things that I'm constantly reflecting on, Alicia, is the fact that, like... like, the role that luck plays in our lives, and I don't think we talk about it enough 'cause we still have this, this focus on rugged individualism.
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