INVESTORS REPORT 2011
826 Broadway, 9th floor New York, NY 10003 (212) 227-6601 robinhood.org
NEEdEd mORE ThaN EVER BEfORE
We have been on the front lines of the fight against poverty in New
York City for more than 23 years, and we have never seen such a
perfect storm of overwhelming need and unrelenting hardship. In
fact, the 2011 Census revealed that New York City’s poverty rate is
growing faster than that of the nation. Some of the more sobering
Opening Letter........................................................................................................... 1 » One in three New York City children now live in poverty, an 11%
increase over 2009.
Leadership .............................................................................................................. 2 » 10,000 families entered the city’s homeless shelter system
2011 Investments ......................................................................................................3
» 365,000 New Yorkers looked for a job, but couldn’t find one.
how You Can make a Greater Impact ...................................................................4
Yes, it was another difficult year in New York City’s poorest
neighborhoods, but here is the hopeful part: in the midst of this
Be Robin hood .................................................................................................................... 5
despair we were able to substantially improve the quality of life
for over 400,000 of our neighbors. Even as the government
Give Your Time and Expertise .................................................................................6
slashed its funding of social services, Robin Hood remained
committed to more than 200 innovative, community-based
Get Your Company Involved ....................................................................................6
programs that are making a real difference in the lives of
individuals and families trying to lift themselves up out of
Get Your family Involved ......................................................................................... 7
poverty. What should be remembered about last year is that
at the moment of our neighbors’ greatest need, Robin Hood
2011: The Year in Numbers ................................................................................ 8,9
Education ........................................................................................................... 10, 11 And thanks to the generous support of Barbara and Ray Dalio’s $10
million challenge grant, we are able to make sure we keep those
Jobs and Economic Security ...............................................................................12,13 commitments in the months to come.
Early Childhood and Youth ............................................................................14,15 On the following pages you will be able to see precisely how we
invested your money, and learn the impact that your support
Survival .............................................................................................................16, 17 has made possible. In the final accounting, we know that lives
have been saved, fates have been changed and families have
Veterans Initiative ..........................................................................................18,19 been strengthened.
financial Statement ............................................................................................. 20 Read on, and you’ll see that your investments not only
outperformed the Dow—they produced transformative change in
exceedingly trying times.
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BOaRd Of dIRECTORS 2011 INVESTmENTS: $146 mILLION
Lee S. Ainslie III, Chair Peter D. Kiernan III Because Robin Hood’s board covers all overhead costs,
Daniel S. Och, Vice Chair Kenneth G. Langone 100% of your donations went to the programs and
Barry Sternlicht, Vice Chair Mary McCormick initiatives we support. Here’s how we invested your gift
Victoria B. Bjorklund Doug Morris to fight poverty in 2011.
Scott Bommer Gwyneth Paltrow
Peter F. Borish Robert Pittman
Geoffrey Canada David Puth
Maurice Chessa Larry Robbins
Steven A. Cohen Alan D. Schwartz
Glenn Dubin David M. Solomon
Marian Wright Edelman Jes Staley
David Einhorn Max Stone
Julius Gaudio John Sykes
John A. Griffin David Tepper
Doug Haynes Harvey Weinstein
Jeffrey R. Immelt Brian Williams
Paul Tudor Jones II, Founder Jeff Zucker
50% Education and Youth
22% Jobs and Economic Security
15% Survival (housing, health, hunger)
10% Early Childhood
3% Management Assistance,
Capital and In-kind
Cecily Carson, Chair Jonathan Harris
Atiim Barber Nancy Jarecki
John D. Clark Peter Muller
Anthony Davis Alex Navab
Anne Dinning Jack L. Oliver III
John DiRocco Antonio 'LA' Reid
Adam R. Flatto
VETERaNS adVISORY BOaRd
Steven A. Cohen, Co-chair Deborah Mullen
Admiral Michael Mullen, Co-chair Jes Staley
William A. Ackman Jon Stewart
Lloyd C. Blankfein Bob Woodruff
Kenneth B. Mehlman
2 »» »» 3
hOW YOu CaN maKE a GREaTER ImPaCT BE ROBIN hOOd
Because of the urgent needs facing poor New Yorkers, Robin
1 Every cent of every dollar donated is put to work. Hood does not set aside donations in an endowment fund. This
means that every year, Robin Hood relies entirely on donations
At Robin Hood, 100% of every donation goes directly to fighting
to support more than 200 of the most effective programs and
poverty. Robin Hood’s board underwrites all of Robin Hood’s
schools in New York City’s poorest neighborhoods. Every gift
administrative expenses. That means every dollar donated is
makes a difference.
used to fund the most effective poverty-fighting organizations
in New York City.
Give to Robin Hood online at robinhood.org, or mail your check
2 Robin hood has no endowment.
We must raise every poverty-fighting dollar we distribute each 100%
using the enclosed response envelope.
year. That means that both the number of people we can help of every double your impact by checking whether your employer matches
and the depth of that help fully depend on our generous donors. charitable gifts. Spouses can sometimes get a second corporate
3 Robin hood uses sophisticated metrics goes directly
match. Ask your company’s H.R. department for the form.
to estimate the impact of all our grants. to fighting
We make grant decisions to maximize impact, much like a Celebrate friends and family milestones with a donation to
financial manager chooses investments to maximize profit. poverty. Robin Hood in their honor.
The upshot: a 15:1 return on your investment dollar. Thus, a
$1,000 investment translates into $15,000 in benefits to low-
income New Yorkers. Send Robin Hood’s holiday cards, a festive way to spread the
word about Robin Hood’s work.
A white paper about how we calculate benefit-cost estimates
can be read at www.robinhood.org/metrics.
Run with Robin Hood’s marathon team and raise money and
4 Robin hood adds value through management visibility for the fight against poverty.
assistance and rigorous third-party evaluation.
Strategy, finance, marketing and other forms of management Join the Archer Legacy and ensure that your bequests and estate
consulting further protect your investment. Capital assistance plans have the maximum impact in helping poor New Yorkers.
adds value by ensuring the successful outcome of our real
estate projects. In 2011, Robin Hood executed 126 management Visit robinhood.org/take-action or email firstname.lastname@example.org for
assistance projects, including work by pro bono partners valued more information.
at $6.7 million.
5 Robin hood gets results.
We find, fund and partner with the most effective anti-poverty
programs in the city. When they work, we find ways to bring their
successes to scale. When they falter, we bring in experts to fix the
problem. And if the problems persist, we discontinue funding.
This may appear harsh, but in reality every misspent dollar is a
missed opportunity to help a struggling New Yorker.
4 »» »» 5
GIVE YOuR TImE aNd ExPERTISE GET YOuR famILY INVOLVEd
When smart people come together to help their neighbors, In small towns across America, when someone is in trouble their neighbors come to
extraordinary things happen. An investment of your time makes their aid. If a neighbor lost a job, you would bring over dinner, and your children would
an enormous difference in the lives of New Yorkers in need, and learn that we all have a responsibility to help. But what can you do in a city where
Robin Hood-supported organizations offer numerous 1.8 million of your neighbors suffer from hunger and homelessness, hidden from
opportunities to get involved. view? What tools can caring parents use to help our children learn of their neighbors
needs and how best to help? Robin Hood has created programs to do just that.
Serve on a nonprofit board and bring key skills and
resources to a Robin Hood grantee. Robin Hood plays a pivotal Lemonaid Our program where younger children raise funds
role in uniting organizations and candidates for board positions. by opening lemonade stands. It is a wonderful introduction to
the importance of caring for our neighbors. Events are held each Teach your
Provide pro bono services to organizations looking to year in Westchester and the Hamptons. Last year, our littlest
build and improve their outcomes through strategic planning, heroes raised $100,000 through LemonAid to fight poverty.
marketing, finance, technology or legal services. how to
Camp Robin hood An eye-opening, horizon-widening, sobering
To learn about joining a board or providing pro bono services,
yet inspiring introduction to the state of poverty in New York
City. Designed for teens ages 14-18, Camp Robin Hood
provides a thorough introduction to understanding poverty- the world.
fighting in general and Robin Hood in particular. It is a truly
GET YOuR COmPaNY INVOLVEd transformational experience.
Robin hood fellows Camp Robin Hood 2.0. The Robin Hood
When companies support Robin Hood, they make a strategic Fellows program offers graduates of Camp Robin Hood the
investment in the city’s most effective poverty-fighting chance to gain a more in-depth understanding of Robin Hood’s
organizations. Companies that give to Robin Hood at the innovative approach to helping New Yorkers in need.
Corporate Leadership Partner level of $250,000 or more annually
are eligible to experience firsthand the remarkable work of our Teen Council Designed to give students an introduction to
community partners through individually tailored group poverty fighting in action. Dozens of Camp Robin Hood alumni
volunteer events. We also connect corporations and grantees from the tri-state area meet monthly to continue to learn about
to pro bono and in-kind opportunities. To learn more, email poverty in New York City and ways to make a difference.
email@example.com. Robin hood Clubs A way for teens who are interested in
CORPORaTE LEadERShIP PaRTNERS Robin Hood’s mission to get involved through their high
American Securities Google Inc.
schools. Students learn about poverty issues and raise
Bain & Company * Harry Winston, Inc. awareness, as well as raise funds, to support other schools in
Barclays Capital J.P. Morgan Chase & Co. low-income neighborhoods. Robin Hood Clubs have been
BlackRock Financial Maverick Capital Foundation started at Trinity, Fieldston, Dalton, Riverdale Country School
Management, Inc. McKinsey & Company * and Scarsdale High School.
The Burberry Foundation Monitor Company *
Calvin Klein, Inc. You can also give to Robin Hood throughout the year. Think
Clear Channel of us during your family’s special occasions (weddings, bar/
Simpson Thacher & Bartlett LLP *
Deloitte Consulting * SNR Denton LLP * bat mitzvahs, anniversaries, birthdays and other important
Eventbrite * Soros Fund Management LLC milestones), and consider requesting donations in lieu of gifts,
The Georgetown Company * Sotheby’s * or donating to Robin Hood in lieu of party favors.
Goldman Sachs & Co. Stroock & Stroock & Lavan LLP *
To learn how to get your family more involved, contact Marianne
* Pro bono/ In-Kind Partners Macrae at firstname.lastname@example.org or (212) 227-6601.
6 »» »» 7
Your generosity enabled Robin Hood was the largest private
Robin Hood to remain New funder of housing programs
York City’s largest private in the city. We helped to shelter over
funder of job training
2011: ThE YEaR IN NumBERS programs. Our job training
grants helped nearly children and
Last year, thanks to your generous support, Robin Hood was able to provide desperately
needed funds to the most effective, outcome-based poverty-fighting programs in individuals find
New York City. Your contributions came at a time when government funding for and keep work.
social programs was slashed, even as millions of our neighbors struggled in the face
of unemployment, homelessness and other day-to-day challenges. In 2011, when Robin Hood helped
New Yorkers needed you more than ever, you rose to the occasion and donated more
than ever before. Thank you! 85,000
New Yorkers stay
Our educational programs above the poverty level by
With your help, Robin Hood invested over
$146 million 200 of the most effective
benefited almost helping them claim
in more than
poverty-fighting programs in New York City. 55,000 $250 million
students and influenced in tax refunds and benefits.
throughout New York City.
Robin Hood was once again
the largest private funder of
Your support improved the emergency food groups 3unforgettable
lives of over in New York City, contributing
400,000 $4.25 million You donated $12 million Last year, three music
legends (Lady Gaga, Sting
struggling New Yorkers to provide social services, jobs and housing for
—more people than the and the Black Eyed Peas)
over 5 million
veterans living in poverty in New York City.
entire population of Miami. made a difference. They
Your generosity will enable us to open a center
raised money, spread the
that will provide mental health services for families
word and rocked the house.
of veterans. Your support will help us find
housing for every single homeless veteran living
on the streets of this city.
ThaNK YOu fOR BEING ROBIN hOOd!
8 »» »» 9
dollars dedicated to this work are to extend services beyond what
government dollars might do.
In addition to these efforts, Robin Hood is building a KIPP
College Prep High School in the South Bronx. We’re supporting
the Relay Graduate School of Education to train New York City
teachers to be more effective. And thanks to your contributions,
we were able to improve the level of education in New York City
Problem: In New York’s poorest neighborhoods, children have a better by supporting the following grantees:
chance of going to prison than college. You helped
Achievement First New York-Presbyterian Morgan
approach: Education is the best poverty-prevention method out there.
Advocates for Children
Astor Services for
Stanley Children's Hospital
Northside Center for
Robin Hood supports superior schools—public, private and Children and Families Child Development provide a
parochial—in the city’s poorest neighborhoods. These schools Beginning with Children Foundation Partnership with Children
Blue Engine Project Step-Up, McSilver first-class
emphasize rigorous academics, dynamic leadership and
Institute for Poverty Policy
utilize an extended day and extended year model. We also The Center for Attention and
and Research, NYU Silver education
Learning at Lenox Hill Hospital
support programs that prevent students from falling behind, School of Social Work
Center for Environment,
reinvigorate teaching and provide students with needed Economy & Society
mental and social services. The Children's Storefront
College Bound Initiative, Young
Regents Research Fund
Relay Graduate School 55,000
Impact: Last year, our programs provided a first class education to Women’s Leadership Network of Education
School of One
almost 55,000 students in grades K through 12—a number that Comprehensive Development Inc.
exceeds the size of all but 80 school districts in the country. CFY SCO Family of Services influence
Cristo Rey New York High School Success Charter Network
Democracy Prep Public Schools Teach for America, New York educational
Charter Schools Dream Charter School Thurgood Marshall Academy
Robin Hood-funded charter schools outperform schools in their Eagle Academy Foundation
for Learning and Social practices and
surrounding school districts by nearly 30 percentage points in Explore Schools Inc. Development Corporation standards of
math. In 2011, more than 75% of students at Robin Hood-funded FAN4Kids Turnaround for Children
charter schools were on grade level in math, while only 57% were Friends of the Children Uncommon Schools, Inc.
the entire NYC
Gary Klinsky Children's Center
meeting the standard citywide.
Global Kids, Inc.
Urban Arts Partnership school system.
Urban Assembly Academy
The GO Project
Transfer high Schools Good Shepherd Services
for Arts and Letters
The Urban Assembly
Robin Hood supports eight special high schools for students who Harlem RBI New York Harbor School
are too old for traditional schools and haven’t earned sufficient Harlem Village Academies Urban Assembly School for
credits to graduate. Many have already dropped out of more than iMentor Law & Justice, the Adams
Jewish Child Care Association Street Foundation
one high school. At these high schools, however, those who
remain in school are highly likely to graduate (70% of those
League Education and
eligible for graduation will graduate), and the college-going rate of Treatment Center
almost 35% far exceeds expectations for this student population. Liberty LEADS, Bank Street
College of Education
School-Based mental health National Adolescent Sexuality
Training Center, Children's
As one of the leading private funders of school-based mental Aid Society
health, Robin Hood recognizes the importance of addressing New York City Charter
all the needs of children so that they may learn. Oftentimes the Schools Center
10 »» »» 11
1199 SEIU Bill Michelson Mayor’s Fund to Advance New York
Home Care Education Fund City - Conditional Cash Transfers
Acción USA MDRC
Argus Community, Inc. Metropolitan Council
Ariva on Jewish Poverty
Association of the Bar Minkwon
of the City of New York Fund Neighborhood Economic
Development Advocacy Project
New York City College of Technology
New York City Financial Network
Brooklyn Navy Yard Action Consortium
New York Community
Problem: Every day, 365,000 New Yorkers look for a job, but can’t find one. Bronx Defenders Organizing Fund, Inc.
BronxWorks New York Legal Assistance Group Your support
approach: Robin Hood’s job programs have helped thousands of people Center for Employment Nontraditional Employment
get jobs, despite such barriers to employment as histories of Opportunities For Women
Center for Family Life in Sunset Park Northern Manhattan
substance abuse, incarceration and homelessness. We also
Center for Immigrant Health Improvement Corporation
support organizations that create economic security for NYC Dist. Council of Carpenters
Center for Urban
low-income individuals by providing legal assistance and help Community Services Apprenticeship, Journeyman people find
securing public entitlements, as well as financial and legal The Child Center of New York Retraining, Education &
and keep a
counseling, free banking services, loans and technical Industry Fund
guidance in starting a business. Planning Council, Inc.
Outreach Project steady job.
Part Of The Solution
Robin Hood also helps poor working families gain access to Per Scholas
Credit Where Credit Is Due
public benefits and tax credits through our Single Stop and The Doe Fund
Earned Income Tax Credit (E.I.T.C.) initiatives. Single Stop East River Development Alliance
provides free and confidential information about obtaining Edith and Carl Marks Jewish Public Health Solutions
social services, as well as financial counseling in low-income Community House of Bensonhurst
neighborhoods. E.I.T.C. educates poor working New Yorkers Fifth Avenue Committee Center of New York
about filing for tax refunds they’re owed and helps them The Financial Clinic SCO Family of Services
Food Bank for New York City SCORE
prepare their returns and file for the credits at no cost.
Fortune Society Seedco
Impact: Even in one of the worst job markets in decades, our job Give An Hour Selfhelp Community Services, Inc.
training programs were able to help nearly 5,000 people find Goddard Riverside Single Stop USA
Community Center Southwest Brooklyn Industrial
and keep steady employment at salaries of roughly $25,000.
Good Shepherd Services Development Corporation
Grace Institute St. John’s Bread & Life Program
Our Single Stop services enabled 85,000 working New Yorkers
Grameen America St. Nicks Alliance
to stay above the poverty level by helping them claim $250 Sunnyside Community Service
Grand Street Settlement
million in tax refunds and benefits. Sustainable South Bronx
Harlem Children’s Zone Urban Justice Center
Last year, thanks to your contribution, we were able to support Veterans Across America
the following Jobs & Economic Security grantees: West Side Campaign
Henry Street Settlement
Highbridge Community Life Center
Women in Need
The HOPE Program
Women’s Center for Education
Institute for Family Health and Career Advancement
Legal Aid Society Women’s Housing and Economic
Legal Services NYC Development Corp.
LIFT Year Up
Make the Road New York Yorkville Common Pantry
12 »» »» 13
ROBIN HOOD Northside Center for Staten Island Mental Health Society
Child Development University Settlement Society
Phipps Community Development
Visiting Nurse Service of New York
SCO Family of Services
Problem: Over 200,000 low-income young adults are not in school, not
employed and not going anywhere.
approach: Our approach is simple and effective: do everything possible to
connect young people to an education, a job and a future with
promise. We invest in a network of opportunities in the
EaRLY ChILdhOOd community that help disadvantaged young people get into
Problem: 30% of New York City’s youngest children are living in poverty. college and complete their education, or show them how to
find a path to obtain a meaningful job. Our youth programs are
approach: Robin Hood provides support early and often. We know that grouped into three categories: college persistence and
interventions targeting young children often pack a stronger graduation, G.E.D. Plus, and programs that seek to reduce high
impact than interventions delivered later in life. risk behaviors. They all provide counseling, education and access
to other support services.
Poor children are born with the odds already stacked against
them. They suffer extremely high rates of low birth weight and Impact: Robin Hood-funded programs truly change the odds. Students
prematurity, which can lead to a host of lifelong problems, enrolled in our G.E.D. programs pass the test at rates that far
including increased risk of neurodevelopment problems; hearing outpace the city average. With this accomplishment in hand, our
or vision problems; cognitive, attention and language delays; programs ensure that they enter and persist in college and keep
and learning disabilities. the jobs they attain at much higher rates than their peers.
Our comprehensive, proactive approach includes parenting Last year, thanks to your contribution, we were able to help
education for families with infants and toddlers, high-quality connect 16,500 young adults to a better life and provide
pre-kindergarten for three and four-year-olds and programs that $16 million to the following programs:
treat mental health issues and developmental delays.
Impact: Our programs have remarkable records of success among the
Andrew Glover Youth Program
Kingsborough Community College
Lawyers for Children (LFC)
thousands of children they serve, reversing speech and language CASES Mayor’s Fund to Advance NYC
delays and ensuring that children are better prepared to learn in Center for Court Innovation –ECHOES Program
kindergarten and beyond. The Child Center of New York MDRC-ASAP Plus
College & Community Fellowship MDRC: LaGuardia Community
Last year, thanks to your contribution, we granted $14 million CUNY - At Home in College College, G.E.D. Bridge
to the following Early Childhood programs, which in turn helped Cypress Hills Local New Community College - CUNY
Development Corporation New Profit, Inc.’s Pathways Fund/
over 11,000 New York City families: Social Innovation Fund
Abyssinian Development Corporation Coalition for Hispanic East Side House Settlement New Settlement Apartments
Ackerman Institute for the Family Family Services Federation Employment and New York Foundling Hospital
Albert Einstein College of Medicine Episcopal Social Services Guidance Service, Inc Opportunities for a Better Tomorrow
- Early Childhood Center Fund for Public Health in New York Future Now at Bronx Phipps Community
Association to Benefit Children - Nurse Family Partnership Community College Development Corporation
Bloomingdale Family Program Grand Street Settlement Goddard Riverside Queens Community House
BronxWorks Harlem Children’s Zone Community Center Safe Horizon
Brookdale Hospital: Healthy Jane Barker Brooklyn Good Shepherd Services SCO Family of Services
Families New York Child Advocacy Center Harlem Health Promotion Center Stanley M. Isaacs Neighborhood
Brooklyn Kindergarten Society Little Sisters of the Assumption Hetrick-Martin Institute Turning Point
Children’s Defense Fund Family Health Service Inwood House The Way to Work
14 »» »» 15
ROBIN HOOD hunger
Robin Hood was once again the largest private funder of
emergency food groups in the city, spending $4.25 million to
provide over 5 million meals to low income families, individuals
and vulnerable senior citizens. Robin Hood’s support is keeping
open the network of over 1,000 kitchens and pantries that feed
New York City. Our programs distribute more than groceries—
they provide critical social services, connecting struggling New
Yorkers to benefits, job training, legal services and housing.
Last year, thanks to your contribution, we were able to support
the following Survival portfolio grantees:
Problem: » 38,000 people sleep in New York City shelters.
» 30% of children in Harlem have asthma. You helped
» 1.4 million New Yorkers rely on emergency food.
After Hours Project HIV Law Project us provide over
approach: Survival is a matter of housing, health and hunger. We attack
Aid for AIDS
AIDS Center of Queens County
Institute for Family Health 5,000,000
the immediate problems of day-to-day survival by providing AIDS Service Center The Jericho Project
desperately needed food, shelter and health care. But a bowl of Bellevue/NYU Program for Lower East Side Harm meals to hungry
soup, a temporary bed or one trip to the doctor isn’t enough. Survivors of Torture Reduction Center
Bowery Residents’ Committee, Inc. Madison Strategies Group
Our survival programs are designed to address immediate The Bridge Fund of New York Make the Road New York
Brookdale Hospital: Mayor’s Fund to Advance
needs while giving people the ongoing support services and Live Light/Live Right New York City - Housing Help
counseling they need to move towards a job and a home, Center for New York City Mount Sinai Adolescent
improved health, self-reliance and economic security. Neighborhoods Health Center
Center for Urban Mount Sinai Hepatitis C Program
Last year, your support helped tens of thousands of New Yorkers Community Services
and their families to survive and begin to thrive. Charles B. Wang
New York Harm Reduction
Community Health Center
Children’s Health Fund
New York Legal Assistance Group
New York Presbyterian Fund Inc. -
Robin Hood is the largest independent funder of housing Coalition for the Homeless Audubon Family Planning Center
programs in New York City. Last year, we invested $8 million Common Ground Communities: NYU School of Medicine:
and provided shelter for over 5,000 adults and children. Our Community Solutions Veterans Family Support Clinic
Common Ground Housing Part Of The Solution
housing programs provide more than a temporary roof—they Development Fund
deliver services to help homeless New Yorkers find a permanent Project Hospitality
solution. In fact, 92% of those who enter Robin Hood-funded The Doe Fund
Ralph Lauren Center for
housing programs don’t return to shelters. The Family Center Cancer Care and Prevention
Family Justice Centers: Sanctuary for Families
health Mayor’s Fund to Advance
New York City
St. John’s Bread & Life Program
In 2011, Robin Hood invested $11 million and helped 40,000 Upwardly Global
Federation Employment and
New Yorkers live healthier lives. Our funding strategy is to Guidance Service, Inc. Urban Health Plan, Inc.
Food Bank for New York City Urban Pathways
actively connect low-income New Yorkers to primary health care.
Fund for Public Health in Volunteers of Legal Service
In addition, we fund proactive, disease-specific interventions West Side Campaign Against Hunger
New York -Doctor’s Initiative
against cancer, diabetes and asthma—conditions that Goddard Riverside Women in Need
disproportionately afflict the poor. Community Center Yorkville Common Pantry
Harlem Asthma Initiative
Harlem United: Community
AIDS Center, Inc.
16 »» »» 17
ROBIN hOOd’S VETERaNS INITIaTIVE
At Robin Hood’s annual benefit in May 2011, we asked donors We’ve also made grants to match business leaders with
to fund an initiative to help veterans living in poverty in New unemployed veterans to help them secure employment or
York City. Our donors’ generous response created a fund of career advancement through the mentors’ business networks.
$12.1 million to be spent over the next few years. In addition, we made a grant to The Brooklyn Navy Yard for its
employment center that aims to place 40 vets into jobs in the
After meeting with the leaders of organizations representing first year alone.
vets and convening meetings of government agencies, research
has led staff to an initial strategy for helping vets obtain housing, Education
health care and jobs, starting with 15 grants totaling over Education is a true path out of poverty, and we’re funding
$3.5 million. programs to help keep vets on that path. Our grant to Project Your support
for Return and Opportunity in Veterans’ Education (PROVE) will enable
housing will support veterans who are newly-enrolled college students,
Robin Hood made a commitment to lift every single homeless assisting them as they transition from military service to us to lift
veteran off the streets and move them into transitional or student life within the City University of New York.
permanent housing. We’ve also given grants to The Doe Fund EVERY
As of 2/2012
to provide supportive housing and transitional work for 225 Legal SINGLE
$656,000 homeless veterans who have histories of addiction and Having an advocate—to fight evictions, to ensure access to
incarceration. And we helped Jericho Project to house 55 health care, to appeal denial of benefits—can make all the hOmELESS
difference for a newly returned vet. We’re supporting a program
formerly homeless veterans, help them maintain sobriety,
obtain jobs and reunite with their families. to provide 800 low-income veterans and their families with a VET
comprehensive array of legal assistance in civil matters off the streets
$600,000 health Care including housing, consumer credit and disability benefits.
One in five veterans returning from Iraq and Afghanistan report of New York.
$540,000 a service-related disability or suffer from post traumatic stress or
Student major depression. We’ve enabled the N.Y.U. School of Medicine’s We believe that providing microloans to veterans will be a wise
Persistence Military Veteran Clinic to provide family-focused, comprehensive investment. As a group, veterans tend to be highly skilled and
$900,000 motivated individuals; we want to help them put those qualities
outreach, screening, treatment and follow-up for mental health
Mental Health to work in the civilian world. Our funding will help 450 vets
disorders for 200 poor veterans and their families.
secure small business loans and expert advice at no charge.
Our grant to Give an Hour/Vets Prevail will enable them to
In addition to the above grants, our staff is currently reviewing
provide free, online cognitive behavior counseling, e-learning
additional innovative grant proposals that we intend to
and peer-to-peer support for returning vets. It will also allow
implement in the coming year at precisely the time we expect
G.A.H. to expand its network of volunteer professional therapists
to see a greater number of veterans returning to civilian life.
in New York City, thereby enabling veterans to secure free direct
personal counseling, as well. Veterans advisory Board
To help lead our Veterans Initiative, we’ve enlisted an Advisory
Jobs Board dedicated to addressing the many challenges that face
Veterans are 3 times more likely to be unemployed. The grants today's veterans. It will focus on finding and developing the
we’ve made focus on job training and placement and will help most effective poverty-fighting models to help returning veterans
veterans build upon their existing skills to find work in and their families.
growing sectors where employers are hiring: computer
technology, commercial truck driving, film production and We’ve begun the work of helping our vets, but much remains to
cable network installation. be done.
18 »» »» 19
fINaNCIaL STaTEmENT STaY IN TOuCh
STATEMENTS OF REVENUES AND ExPENSES (PRELIMINARY; UNAUDITED)
For the year that ended December 31, 2011 $ Millions
REVENUES contributions* contributions total
Net Gains on Board-Donated Investments
3.2 » For more information about Robin Hood,
TOTAL REVENuES 86.4 76.2 162.6 visit the new robinhood.org.
grants paid with costs covered » If you have any questions, please email
members ** total
Grants and Initiatives 97.3 19.3 116.6
KIPP High School Capital Project Commitment — 30.3 30.3
Program Salaries and Overhead — 7.5 7.5
subtotal – program 97.3 57.1 154.4
FuNDRAISING AND PuBLIC INFORMATION
Communications and Events Production — 14.1 14.1
Development Salaries and Overhead — 7.0 7.0
subtotal – fundraising and public information — 21.1 21.1
ADMINISTRATION SALARIES AND ExPENSES — 3.9 3.9
TOTAL ExPENSES 97.3 82.1 179.4
CHANGE IN NET ASSETS (10.9) (5.9) (16.8)
Total Net Assets, Beginning of Year 233.6
Total Net Assets, End of Year 216.8
Total Net Assets 216.8
Less: Board Designated for 2012 Program Spending (110.0)
Less: Board Designated for 2012 Overhead (29.6)
Less: Donor Restricted for Future Capital Projects (5.0)
Less: Donor Restricted for Vets Initiative Grants (9.4)
Less: Donor Other Donor Restrictions
(Timing, Purpose) (21.0)
Residual Spendable Net Assets at 12/31/11 (prelim)*** 41.8
* 100% of non-board contributions pay for grants and initiatives within one year. 2010 contributions were used to pay
for grants and initiatives in 2011.
** 100% of all overhead costs are covered by board donations.
*** Spendable net assets are net assets that remain after subtracting all liabilities, commitments and illiquid assets.
This is Robin Hood’s reserve fund. Because all non-board donations are designated solely and directly for program
grants, this reserve fund is comprised exclusively of board-donated dollars.
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