The Robin Hood Foundation, New York’s largest anti-poverty charity, has the support of over 200,000 New Yorkers. Next month, the group is celebrating its 25th anniversary with a gala that’s bringing in some major stars. Performers for the gala will include Elton John, Bono and Mary J. Blige.
The event, organized by a team of co-chairman is just as impressive. Singer Justin Timberlake and actress Jessica Biel have teamed up with business mogul Henry Kravis and his economist wife, Marie-Josee Kravis to co-chair the event. CBS Corporation CEO Les Moonves and his wife Julie Chen are co-chairs as well, along with Robin Hood co-founder Paul Tudor Jones II and his wife Sonia.
In the past two-and-a-half decades, the Robin Hood Foundation has raised and distributed over $1 billion to poverty fighting programs. As a large nonprofit organization, Robin Hood finds, funds, and partners with programs that have effectively found ways to fight poverty in NYC. And because its board pays for all the administrative and fundraising costs, 100% of all donations go toward those valuable programs.
“The evening is going to highlight the groundwork our grantees have done over the past quarter century that will help us improve the lives of New York City children over the next 25 years,” said spokeswoman Patty Smith, according to Bloomberg.
The event will also play a major role in fundraising; last year it raised nearly $60 million, $47.4 million in 2011, and $87.8 million in 2010. This year promises to be just as successful as years past. Ticket prices will cover a large part of those funds, as individual tickets cost $3,000 each and tables of ten run from $30,000 to $250,000.