Millions Raised at the Annual Robin Hood Foundation Gala

Earlier this month, hedge fund managers, philanthropists, entertainers, and some of the most powerful people in business came out for the Robin Hood Foundation’s Annual Benefit Gala. According to CNBC, “With a who’s who of bankers and hedge fund titans in attendance, the Robin Hood Foundation’s annual gala raised more than $60 million, cementing its status as New York’s leading charitable event.” The event is annual affair that raises vital funds for the Robin Hood Foundation and its many initiatives to fight poverty in New York City.

Robin-hood-foundation-statistics

Robin Hood Foundation invests money into the most effective poverty-fighting organizations in NYC.
Image: RHF

Reportedly, the Robin Hood Foundation is New York’s largest poverty-fighting organization, as well as the city’s largest private funder of schools, homeless shelters, and emergency food programs. With a stacked board of influential philanthropists like political analyst Ken Mehlman, Jacklyn Bezos of the Bezos Family Foundation, The Weinstein Company’s Harvey Weinstein, and dozens of others, it’s no wonder that the organization has been such a formidable force against poverty for so many years.

The new round of donations raised during the annual Gala means the Robin Hood Foundation has raised more than $1.45 billion since it was founded in 1988. Explains the Foundation’s executive director David Saltzman, “Currently, more than 1.8 million of our neighbors live in poverty, and nearly have of those individuals are people who came here from all over the world in search of a better life,” of the need for continued efforts to fight poverty in New York City and elsewhere. The organization recently launched a new program called the Robin Hood American Dream Fund, which will support non-profit organizations dedicated to helping immigrants gain the resources and skills necessary to find their way out of poverty.

Despite the many famous faces and amazing performances at the annual Gala, the highlight of the evening came when more than thirty newly naturalized citizens were introduced to the audience, explains the Robin Hood Foundation. Says Saltzman, “These people lend their skills, talents, vitality and diversity to New York – making it unlike any other city on the planet – and thanks to our generous donors, we will continue to do all we can to help them achieve their American Dream.”

For more information about the Robin Hood Foundation and its benefit Gala, visit www.robinhood.org.

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2 thoughts on “Millions Raised at the Annual Robin Hood Foundation Gala

  1. Kermit makes the donors feel good. “Job Training” assuages donors’ sense of propriety, that all must be responsible and self-sufficient. In truth, poverty charities are ineffective–much or most of the donors’ money goes to fund-raising costs and salaries for the proprietors of the organizations. If you happen to be in a housing crisis right now, and apply at a charity, the odds you’ll meet their criteria and be offered help are minuscule. Job training has never worked, either, because personality characteristics of the chronically poor render them unsuitable for employment. Some of these criticisms apply to government efforts as well, yet at least federal programs are relatively evenhanded and require less overhead. If 2 million of NYC’s 8 million people aren’t making it, then things aren’t improving. No wonder Kermit’s skin tone changed from green to brown.

    • True, many charities are ineffective. The great thing about RHF is that 100% of its overhead costs are funded by its board members, so all donations go to poverty charities that have a proven track record for making a difference and using money efficiently. Will they end poverty? Unlikely–poverty has always been and always will be an issue that plagues all societies. But they can improve the situations and lives of many people. It’s not a blanket solution, but it’s the best we’ve got right now.

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