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“The Emperors of Benevolence”
By Jeremy | November 3, 2007
What does it take to make it onto the board of the Robin Hood Foundation, perhaps New York’s most exclusive club? There are but a few simple requirements: You must have either (a) a ton of money or (b) fame or connections impressive enough to be an effective lure for attracting more of (a). ... In addition to the privilege of being among the anointed, membership does have its costs. The board, which now numbers 29, underwrites the entire administration of the foundation, so that 100 percent of donations goes to the charities Robin Hood supports; in 2007, the foundation will spend $138 million on anti-poverty efforts. ... Gifts from board members last year totaled $35 million; the figures cited on the following pages reflect only that money given through family foundations and may not represent the full amount of each member’s giving.Article.
Topics: new york, robin hood foundation | No Comments »
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