It may yet be called “mother of all fund-raisers.”
We’re referring to the fund-raising dinner gala hosted recently by the Robin Hood Foundation at the Jacob K. Javits Center in New York City.
Forbes Life Magazine, in its current issue, reported that the affair was attended by more than 4,200 guests and collected fund donations amounting to $80.7 million, $25 million of which came from one anonymous donor.
The guests donated funds on-site via their cell phones.
The foundation, whose mission is to eradicate poverty in New York City, provides grants for poverty-alleviation programs.
Forbes Life reported that some of the world’s top entertainers headlined the entertainment program. They included Elton John, Bono and Mary J. Blige, Sting and Paul Simon, Louis C. K., Jimmy Fallon and Jerry Seinfeld.
During the program, Barry Sternlicht, chairman of the foundation’s board of directors, informed the attendees that since 1988, the foundation has raised $1.25 billion, a huge amount when compared to funds raised by similar foundations.
Since 1999, it has funded 74 charter schools. Its first two grants totaled $52,000. In 2012, its grants for core programs amounted to $114 million.
The 12-12-12 concert it staged for its Sandy Relief Fund generated donations of $70.5 million.
According to Forbes Life, the foundation was founded 25 years ago by Paul Tudor Jones II. “It has been a pioneer in venture philanthropy, using metrics to gauge the success of its grants to more than 47,000 charities throughout the city.”
One highlight of the program was the march through the hall by 250 high school seniors from Robin Hood-supported city schools.
Many rich people support the foundation because they appreciate its efforts to improve the lot of poor, young people. They also believe in the saying, “It is better to give than to receive.”
How we wish that the wealthy people in the Filipino-American community in Michigan are as generous as the donors of the Robin Hood Foundation.
At present, donations for worthy causes like the Paaralang Pilipino come in trickles.