Robin Hood Foundation: Pioneering Venture Philanthropy

Contrary to its name, the Robin Hood Foundation does not steal from the rich to feed the poor. The non-profit organization was a pioneer of venture philanthropy, a philosophy of charity that embraces free market principles and practices for charitable purposes. The foundation is also known for its early use of metrics in the measurement of the cost efficiency and results effectiveness of grants.

Established in 1988, the Robin Hood Foundation is considered as the Big Apple’s largest poverty-fighting organization, over 25 years of making a positive impact on the socio-economic landscape of one of the world’s richest cities. Its dedicated men and women have focused their talents and efforts on finding donations, funding programs, and creating projects that generate life-changing results for individuals and families in the city’s poorest neighborhoods.

Such is its popularity and integrity among donors that the Robin Hood Foundation has raised over $1.95 billion in funds as well as products and services. These donations were then used in providing grants for selected poverty-fighting organizations in New York City, such as those that provide soup kitchen services, shelter for homeless people, and job-training programs as well as educational institutions, among others.

And to top it all off, 100% of the donations made by third parties to the Robin Hood Foundation are directly funneled to the identified poverty-fighting organizations. All of the administrative, fundraising and miscellaneous costs are paid for by the foundation’s board of directors – truly, a unique business model that ensures every dollar donated will make a meaningful impact.

In the aftermath of Hurricane Sandy in 2013, the Robin Hood Foundation granted over $126 million to more than 200 of the most effective poverty-fighting organizations in New York City. Another $56 million was disbursed as aid for the people affected by the strong hurricane.

By harnessing the power of the haves, the Robin Hood Foundation provides the have-nots with a fighting chance at making better lives for themselves.