Robin Hood Foundation
 |
|
| Founded | 1988 |
|---|---|
| Founder | Paul Tudor Jones |
| Type | Venture philanthropy |
| Focus | Poverty reduction |
| Location |
|
|
Area served
|
New York City |
| Method | Combining investment principles and philanthropy to assist programs that target poverty. |
| Mission | "Since 1988 Robin Hood has targeted poverty in New York City by supporting and developing organizations that provide direct services to poor New Yorkers as well as improving their earning power and long-term prospects. Robin Hood provides program grants, general operating support, capital grants, and funds to build management capacity." |
| Website | www.robinhood.org |
The Robin Hood Foundation is a charitable organization which attempts to alleviate problems caused by poverty in New York City, United States. The organization also administers a relief fund for disasters in the New York City area.
Founded in 1988, Robin Hood was conceived by hedge fund manager Paul Tudor Jones. Peter Borish was also a founding board member of the organization.
The foundation combines investment principles and philanthropy to assist programs that target poverty in New York City. In 2006, the board of directors included such names as Jeffrey Immelt, Diane Sawyer, Harvey Weinstein, Marie-Josee Kravis, Lloyd Blankfein, of Goldman Sachs, Richard S. Fuld, Jr., formerly of Lehman Brothers, Glenn Dubin, of Highbridge Capital, Marian Wright Edelman and actress Gwyneth Paltrow.
Funding for the organization's activities comes from donations and fund raising efforts. In 2009, George Soros gave the foundation a US$50 million contribution. The money reportedly helped the organization raise significantly more than that amount. In 2001 The Concert for New York City provided funds for the organization. After Hurricane Sandy, the 12-12-12: The Concert for Sandy Relief concert also provided funds for the foundation's efforts. Artists including The Rolling Stones, Robert Plant & The Strange Sensation, Shakira, John Legend, The Black Eyed Peas, Lady Gaga, The Who and Aerosmith have performed at the group's annual fund raising galas.
...
Wikipedia