Robin Hood Foundation

from Wikipedia, the free encyclopedia

The Robin Hood Foundation is a not-for-profit foundation that aims to alleviate the consequences of poverty in New York City . The Fortune 's magazine wrote on September 8, 2006: "... one of the most innovative and philanthropic organizations most influential of our time".

The Robin Hood Foundation has a pioneering role in what is known as “ venture philanthropy ”. Each use of funds is checked for success. Programs that are found to be ineffective will be stopped immediately.

" Robin Hood was a pioneer in what is now called venture philanthropy, or charity that embraces free-market forces. An early practitioner of using metrics to measure the effectiveness of grants, it is a place where strategies to alleviate urban poverty are hotly debated, ineffectual plans are coldly discarded, and its staff of 66 hatches radical new ideas "

- Fortune Magazine

The foundation was established in 1988 based on an idea from hedge fund manager "Paul Tudor Jones". The foundation's board of directors since 2006 has included Jeffrey R. Immelt , Diane Sawyer , Harvey Weinstein , Lloyd Blankfein from Goldman Sachs and Gwyneth Paltrow, among others . Richard Fuld was part of the board of directors. World-famous bands such as the Rolling Stones and The Who support the project through charity concerts.

Principles

  • 100 percent of the donations are used to help poor New Yorkers
  • The root cause of poverty must be tackled
  • Continuously reviewing the results of all projects and promoting the best of them

Programs

The Robin Hood Foundation works with more than 200 local nonprofits and projects in New York City. A well-known joint project is the "9/11 Relief Fund" , which was launched after the terrorist attacks of September 11, 2001 . The 2011 annual report shows support services of over $ 146 million with total revenue of more than $ 158 million.

The Robin Hood Foundation divides its support into four categories:

  • Child and youth work ("Early Childhood & Youth")
  • Education ("Education")
  • Work and financial security ("Jobs & Economic Security")
  • Survival ("Survival")

Web links

Footnotes

  1. Original: "one of the most innovative and influential philanthropic organizations of our time."
  2. a b c The legend of Robin Hood , Andy Serwer, Fortune Magazine, September 8, 2006
  3. Exclusive: Fuld says being "dumped on" for Lehman failure. In: reuters.com. Retrieved January 22, 2018 .
  4. Approach
  5. a b Programs
  6. Financial Statement 2011
  7. About The Robin Hood Foundation