Robin Hood Foundation is located in New York, NY. The organization was established in 1989. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Robin Hood Foundation employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robin Hood Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Robin Hood Foundation generated $129.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $164.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Robin Hood Foundation has awarded 2,626 individual grants totaling $1,318,662,516. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ROBIN HOOD SUPPORTS THE MOST EFFECTIVE POVERTY-FIGHTING PROGRAMS IN NYC.
Describe the Organization's Program Activity:
SEE DESCRIPTION OF CORE GRANT MAKING IN SCHEDULE O.CORE GRANTMAKING: ROBIN HOOD MADE CASH GRANTS TO ORGANIZATIONS THROUGH FOUR LIFE-STAGE AREAS: EARLY CHILDHOOD; SCHOOL-AGE CHILDREN; YOUNG ADULTS; AND ADULTS AND HOUSEHOLD SUPPORTS. THESE GRANTS SUPPORT EDUCATION, HEALTH, HOUSING, HUNGER, LEGAL SERVICES, JOB TRAINING, AND INCOME SECURITY. ADDITIONALLY, ROBIN HOOD MADE GRANTS TO SUPPORT PARTNERSHIP INITIATIVES LIKE THE ROBIN HOOD LEARNING +TECHNOLOGY, THE POWER FUND, MOBILITY LABS, THE CHILD CARE QUALITY INNOVATION INITIATIVE, AND OUR BLUE RIDGE LABS INITIATIVE. ROBIN HOOD ALSO PROVIDES GENERAL OPERATING SUPPORT, CAPITAL GRANTS, AND FUNDS TO BUILD CAPACITY AND DEEPEN ORGANIZATIONAL CAPACITY, AS WELL AS MANAGEMENT STRENGTH. ROBIN HOOD'S GRANTMAKING STAFF EVALUATED PROGRAMS APPLYING FOR FUNDS TO DETERMINE GRANT RECOMMENDATIONS AND DEVELOP INITIATIVES IN RESPONSE TO UNMET NEEDS. THESE ASSESSMENTS INCLUDED VISITS TO THE ORGANIZATION, INTERVIEWS WITH PROGRAM ADMINISTRATORS, STAFF AND PARTICIPANTS, EVALUATION OF HISTORICAL RESULTS, AND FINANCIAL REVIEW.
SEE DESCRIPTION OF MANAGEMENT ASSISTANCE IN SCHEDULE O.ROBIN HOOD'S CAPITAL GRANT INITIATIVE COLLABORATES CLOSELY WITH OUR COMMUNITY PARTNERS TO HELP THESE ORGANIZATIONS MANAGE THEIR SPACE NEEDS. THE INITIATIVE OFFERS TECHNICAL ASSISTANCE, CONNECTIONS TO TOP INDUSTRY PROFESSIONALS, FUNDING FOR PRE-DEVELOPMENT COSTS AND, IN SELECT CASES, GRANTS FOR CAPITAL PROJECTS. THE INITIATIVE PLACES A PREMIUM ON FUNDING EARLY-STAGE PLANNING TO REDUCE COSTS AND RISKS FOR A COMMUNITY PARTNER'S CAPITAL PROJECT. IN 2022, ROBIN HOOD MADE A $125,000 CAPITAL GRANT TO PROJECT HOSPITALITY TO RENOVATE AND FURNISH NEW SPACE OF ITS FOOD PANTRY, WHICH WILL REPLACE THE EXISTING PANTRY WHICH CONTINUES TO SUFFER FROM SIGNIFICANT STRUCTURAL DAMAGE CAUSED BY SUPERSTORM SANDY.MISSION INVESTMENTS:IN OCTOBER 2018, ROBIN HOOD LAUNCHED A PILOT SOCIAL INVESTMENT STRATEGY THAT IS NOW KNOWN AS MISSION INVESTMENTS, A NEW INVESTMENT TOOL THAT ENABLES ROBIN HOOD TO SCALE IMPACT, LEVERAGE CREATIVITY, AND PRODUCE AN ACCEPTABLE RETURN. IN 2022, ROBIN HOOD MADE A $135,000 MISSION INVESTMENT WITH URBAN HOMESTEADING ASSISTANCE BOARD. THE INVESTMENT SUPPORTS A REVOLVING FUND AIMED AT COMBATING DANGEROUS AND UNHEALTHY HOUSING CONDITIONS WHILE SIMULTANEOUSLY PREVENTING THE EVICTION OF TENANTS LIVING IN BUILDINGS WITH THESE VIOLATIONS.
SEE DESCRIPTION OF RELIEF GRANT MAKING IN SCHEDULE O.MANAGEMENT ASSISTANCE:ROBIN HOOD PROTECTS AND LEVERAGES ITS CHARITABLE INVESTMENTS WITH EXPERT MANAGEMENT AND TECHNICAL ASSISTANCE. THE GOAL IS TO BRING BEST-IN-CLASS RESOURCES TO SOLVE OUR PARTNERS' MOST PRESSING STRATEGIC AND OPERATIONAL CHALLENGES. WE WORK IN NINE PRINCIPAL AREAS: GOVERNANCE, STRATEGY, HUMAN CAPITAL, MARKETING, FUNDRAISING, FINANCE, LEGAL, TECHNOLOGY, AND REAL ESTATE.CONSULTING IS DELIVERED BY ROBIN HOOD'S INTERNAL CONSULTING TEAM, CORPORATE PRO BONO PARTNERS AND TECHNICAL ASSISTANCE GRANTS. ROBIN HOOD ALSO PROVIDES TRAINING FOR THE STAFF AND BOARD MEMBERS OF ITS COMMUNITY PARTNERS. EXAMPLES INCLUDE DEVELOPING A STRATEGIC PLAN TO ENSURE EFFECTIVE RESOURCE ALLOCATION, STREAMLINING A FINANCIAL REPORTING SYSTEM TO MANAGE COSTS, OR DESIGNING AN EFFECTIVE WEBSITE TO ENHANCE FUNDRAISING. IN 2022, TOTAL MA SPENDING WAS $1.8 MILLION IN INVESTMENTS IN GRANTMAKING AND MULTI-PARTNER INITIATIVES. SPECIFICALLY, THE MA TEAM AWARDED $1.7 MILLION FOR CORE PARTNERS WHILE SIMULTANEOUSLY ADDING $181,000 OF INVESTMENTS IN POWER FUND (PF) PARTNERS. BY EXPANDING OUR PRO BONO PARTNERSHIPS, PRO BONO SUPPORT INCREASED BY 157 PERCENT FROM $1.9 MILLION IN 2021 TO $4.9 MILLION IN 2022 ACROSS THE SPECTRUM OF ISSUE AREAS TO OUR PARTNERS. ADDITIONALLY, MA INVESTMENTS PRIMARILY FOCUSED ON TALENT AND DEI ($456,000), STRATEGY ($231,000) AND OPERATIONS ($216,000) PROJECTS WHICH ARE ALIGNED WITH KEY TRENDS IN THE NONPROFIT SECTOR. THE TEAM LAUNCHED A SERIES OF PEER LEARNING GROUPS FOR NEW EXECUTIVE DIRECTORS, CHIEF HUMAN CAPITAL OFFICERS, DEVELOPMENT DIRECTORS, SENIOR LEADERS OF COLOR, AND MIDDLE MANAGERS WHO ARE LEADERS OF COLOR. FINALLY, THE MA TEAM SUCCESSFULLY PLACED 9 PROFESSIONALS ON COMMUNITY PARTNER BOARDS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Buery Jr CEO / Non-Voting Director | OfficerTrustee | 60 | $860,105 |
John Griffin Chair | OfficerTrustee | 3 | $0 |
Dina Powell Mccormick Vice-Chair | OfficerTrustee | 1.5 | $0 |
Peter F Borish Secretary And Treasurer | OfficerTrustee | 1.5 | $0 |
Lee Ainslie III Director | Trustee | 1.5 | $0 |
Jacklyn Bezos Director | Trustee | 1.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
David Stark Inc Design Consultant | 12/30/22 | $1,241,949 |
Skdknickerbocker Llc Design Consultant | 12/30/22 | $750,352 |
Nimblist Llc Event Production | 12/30/22 | $1,144,708 |
Jessica Stuart Media Inc Design Consultant | 12/30/22 | $591,790 |
4wall Entertainment Inc Design Consultant | 12/30/22 | $619,579 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $43,274,668 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $97,581,529 |
Noncash contributions included in lines 1a–1f | $18,786,171 |
Total Revenue from Contributions, Gifts, Grants & Similar | $140,856,197 |
Total Program Service Revenue | $0 |
Investment income | $232,634 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,907,220 |
Net Income from Fundraising Events | -$13,670,628 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $129,325,423 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $131,251,074 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $4,122,079 |
Compensation of current officers, directors, key employees. | $834,383 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $13,931,924 |
Pension plan accruals and contributions | $1,553,511 |
Other employee benefits | $2,206,675 |
Payroll taxes | $1,059,476 |
Fees for services: Management | $0 |
Fees for services: Legal | $78,685 |
Fees for services: Accounting | $162,510 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $363,027 |
Fees for services: Other | $3,202,228 |
Advertising and promotion | $0 |
Office expenses | $715,434 |
Information technology | $905,032 |
Royalties | $0 |
Occupancy | $2,864,422 |
Travel | $39,946 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $98,077 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $396,808 |
Insurance | $339,500 |
All other expenses | $0 |
Total functional expenses | $164,639,849 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $528,682 |
Savings and temporary cash investments | $87,948,208 |
Pledges and grants receivable | $43,236,271 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $4,000,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $544,291 |
Net Land, buildings, and equipment | $2,443,085 |
Investments—publicly traded securities | $553,353 |
Investments—other securities | $162,156,532 |
Investments—program-related | $2,553,268 |
Intangible assets | $0 |
Other assets | $16,370,174 |
Total assets | $320,333,864 |
Accounts payable and accrued expenses | $6,347,776 |
Grants payable | $86,015,391 |
Deferred revenue | $351,416 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $8,721,950 |
Total liabilities | $101,436,533 |
Net assets without donor restrictions | $122,033,588 |
Net assets with donor restrictions | $96,863,743 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $320,333,864 |
Over the last fiscal year, Robin Hood Foundation has awarded $130,574,860 in support to 264 organizations.
Grant Recipient | Amount |
---|---|
50CAN INC PURPOSE: POVERTY RELIEF | $1,500,000 |
A BETTER BALANCE PURPOSE: POVERTY RELIEF | $100,000 |
ACHIEVEMENT FIRST PURPOSE: POVERTY RELIEF | $2,100,000 |
ADAMS STREET FOUNDATION INC PURPOSE: POVERTY RELIEF | $193,255 |
ADVOCATES FOR CHILDREN OF NEW YORK INC PURPOSE: POVERTY RELIEF | $650,000 |
AFRICAN COMMUNITIES TOGETHER PURPOSE: POVERTY RELIEF | $32,900 |