Lloyd Blankfein and Steven Cohen 2 of the most recent step downs..Think this has anything to do with it!
ROBINHOOD FOUNDATION
http:// nymag.com/guides/money/2007/39959/
A dossier on the board of directors of the Robin Hood Foundation, where everybody either knows
a rock star or is rich enough to buy one.
I know this is an older article, however it is still relevant given
that most are still there and it gives good insight into the operation.
https:// nonprofitquarterly.org/2017/04/25/author-nonprofit-leader-wes-moore-takes-helm-robin-hood-foundation/
New CEO April of 4/17 Author and Nonprofit Leader Wes Moore Takes Helm of Robin Hood. The 38-year-old Moore is an Army veteran,
a graduate from Johns Hopkins University, and an Oxford Rhodes Scholar. He has spent six years in finance, written four books,
and founded a nonprofit, BridgeEdU, which he currently leads.
The RHF does not operate without controversy. Nearly 30 years old, the Robin Hood Foundation has
raised $2.5 billion from individuals and other foundations, but the donors it is most closely
identified with are hedge fund folks. Rick Cohen wrote about the cognitive dissonance in the wealth at the
core of the operation in 2015. He was covering a report issued by a group called The Hedge Clippers when he wrote,
“Annually, the Robin Hood Foundation holds a gala fund-raising dinner that generates some $50 million for its anti-poverty programs.”
http:// hedgeclippers.org/hedgepapers-no-14-the-gift-of-greed-how-hedgefund-philanthropists-increase-inequality/
This paper evaluates the extent to which Paul Tudor Jones and other hedge fund managers backing the
Robin Hood Foundation are actually fueling poverty and inequality.
A few snippets:
“Poverty is a growth business.”– Robin Hood Foundation founder Paul Tudor Jones[3]
Failure: The New York City poverty rate has increased over the course of the Robin Hood Foundation’s history, from 20% in 1990 to 21.2% in 2012.
Success: The total wealth of the 19 billionaires on the Robin Hood Foundation’s boards has skyrocketed 93% since 2008, to $164 billion.
Neither statistic appears in the Robin Hood Foundation’s 142-page document spelling out its rigorous
evaluation system, which has been dubbed “relentless monetization.”
The list of who's who is not surprising, although one might be and he was in the news this
week!
http:// thenonprofittimes.com/news-articles/robin-hood-gala-tops-54-million/
Check out the donations collected for one event!
This Foundation needs a DIGGER!!
What brought me to look at "Robinhood" is the "Dalio Family Foundation" (BRIDGEWATER)
and the vast amount of money they have contributed to this foundation over the years.
More incredible is, it was seemingly an easy decision for them to make. Better yet is that will all of the donations
they have made to this and 100's of other foundations, it seem an even easier task for Bridgewater to
ask for a grants in 2012 from their home state for the purpose of moving their offices from one town to
another at a cost of $115M which they never when through with.
(While they went through the motions, I suspect they knew they wouldn't get approval be for they started,
based on the fact they seem to have environmental awareness based on 990 contributions.) I wonder where that money went?
Did they provide a refund for the UN-used portion? The second grant in 2016 came again from the state, when they declared
that they needed a back office, or they would have to out source elsewhere.
52M was granted them for the expansion of the company. This company manages and invests $150B.
Hmmm, how many of us would like grants to build our own somethin somethin!
http:// www .courant.com/business/hc-malloy-first-five-economic-announcement-20120815-story.html
https:// patch.com/connecticut/westport/bridgewater-associates-receive-52-million-state-expand-westport-wilton-0
Meanwhile in 2012, Total Donations/ Grants given for the year $ 477,782,937.00
Robinhood Foundation Received 1M for Hurricane Sandy, In NY, They work and live in CT… Isn't that a big FU.
I will update this post with additional information on the monies given to this Robinhood. In the future.
For now I just wanted to raise the awareness specifically to Robinhood, as I have a feeling we will find bigger eye popping information.
With all the money in this foundation it begs the question, Who's needs do they serve????