As an organization focused on creating economic mobility for families in poverty, we see every day how structural racism impedes progress. We must do all in our power to confront and dismantle these systems and create lasting change.
We have launched a new initiative called The Power Fund, which will fund and elevate nonprofit leaders of color who share Robin Hood’s mission of increasing mobility from poverty.
Robin Hood Foundation
The Robin Hood Foundation is a charitable organization which attempts to alleviate problems caused by poverty in New York City. The organization also administers a relief fund for disasters in the New York City area. In 2010, a key supporter gave every family with children on welfare in New York State $200 to buy school supplies. In 2017, Robin Hood appointed author and US Army veteran Wes Moore as its first CEO.
As of 2016, the foundation was No. 79 on the Forbes 100 Largest U.S. Charities list.
In 2017, Robin Hood appointed author and veterans advocate Wes Moore as its CEO. Moore grew up in poverty in the Bronx before becoming a Rhodes scholar at the University of Oxford, a paratrooper and captain in the 82nd Airborne, and investment banker at Citigroup. Moore succeeds David Saltzman who was the Executive Director since co-founding the organization.
According to the Foundation "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."
Fortune magazine said "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."
More specifically, the foundation states that it applies the following principles:
Give 100 percent of every donation directly to programs helping poor New Yorkers
Identify and stop poverty at its roots
Protect and leverage Robin Hood's investments by using sound business principles to help programs become more effective
Use metrics and qualitative data to evaluate programs and measure results to compare the relative poverty-fighting success of similar programs
The Robin Hood Foundation works with more than 240 nonprofit organizations in New York and surrounding areas. They categorize their programs into "Core fund recipients" and "Relief fund recipients". Core fund recipients consist of four portfolios: early childhood, education, jobs and economic security, and survival.
The relief fund also benefited victims of Hurricane Sandy. As of March 14, 2013, they were "no longer accepting online grant applications for Hurricane Sandy Relief" (and resuming the organization's regular work).
On May 11, 2020, the Robin Hood Foundation partnered with New York area television stations, and local radio stations owned by iHeart Radio and Entercom to televise the Rise Up New York telethon to support those impacted by the COVID-19 pandemic. The event raised $110 million in approximately an hour.
The Robin Hood Foundation was featured in Fortune's 18 September 2006 issue, where the article states that the foundation is "one of the most innovative and influential philanthropic organizations of our time". On September 16, 2013 the news show 60 Minutes aired a report on Jones and how the Foundation has given away more than 25 million dollars.
Founding Board Members
The founding members of the board were as follows:
NEW YORK, NY 10003-4826 | Tax-exempt since April 1989
Classification (NTEE) Fund Raising Organizations That Cross Categories (Philanthropy, Voluntarism and Grantmaking Foundations)
Nonprofit Tax Code Designation: 501(c)(3) Defined as: Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.
Donations to this organization are tax deductible.
Thousand Currents is the fiscal sponsor for the BLM Global Network. Thousand Currents promotes sustainable solutions to poverty by providing long-term grants and access to resources to locally run organizations in Africa, Asia and Latin America.