ANNUAL REPORT 2015 GOVERNANCE BOARD OF DIRECTORS EMERITUS BOARD HOUSING ADVISORY BOARD David Einhorn, Chair Lloyd Blankfein Adam Flatto, Co-Chair Anne Dinning, Vice Chair Tom Brokaw Richard Mack, Co-Chair Larry Robbins, Vice Chair Richard Chilton Emanuel Stern, Co-Chair Lee S. Ainslie III Steven A. Cohen Priscilla Almodovar Laura Arnold Stan Druckenmiller Jeff Blau Jacklyn Bezos Julius Gaudio David Edelstein Victoria B. Bjorklund, Esq. Marie-Josée Kravis Ingrid Gould Ellen Emma Bloomberg Ken Langone Lloyd Goldman Scott Bommer Mary McCormick Jonathan Mechanic Peter F. Borish Lachlan Murdoch Ron Moelis Geoffrey Canada Gwyneth Paltrow Richard Roberts Cecily Carson Diane Sawyer Rob Speyer Katie Couric Jann Wenner Jed Walentas Glenn Dubin Brian Williams Deborah C. Wright Marian Wright Edelman Dirk Ziff Laurence D. Fink Jeff Zucker VETERANS ADVISORY BOARD Roland Fryer Steven A. Cohen, Co-Chair John A. Griffin LEADERSHIP COUNCIL Admiral Michael Mullen, Co-Chair Doug Haynes Cecily Carson, Co-Chair Lloyd Blankfein Jeffrey R. Immelt Craig Nevill-Manning, Co-Chair Tom Brokaw Paul Tudor Jones II, Founder Anthony Bozza Cecily Carson Peter D. Kiernan III Elissa Doyle Anthony Crowell Philippe Laffont Scott Ferguson Eric Greitens Reynold Levy Rachel Jacobellis Doug Haynes Doug Morris Nancy Jarecki Kenneth B. Mehlman Alex Navab Derek Kaufman Wes Moore Daniel S. Och Alex Klabin Doug Morris John Overdeck Kristin Lemkau Deborah Mullen Robert Pittman Eli Manning Joseph H. Reich David Puth Serena Park Moon Jes Staley Alan D. Schwartz Tony Pasquariello Jon Stewart David M. Solomon Purnima Puri Bob Woodruff Jes Staley Jabali Sawicki Barry S. Sternlicht Allen Thorpe ED + TECH ADVISORY BOARD Max Stone Boaz Weinstein John Overdeck, Co-Chair John Sykes David Siegel, Co-Chair David Tepper ADVISORY BOARDS Laura Arrillaga-Andreessen Harvey Weinstein PRIZE ADVISORY BOARD Dan Huttenlocher Paul Tudor Jones II, Chair as of 12/31/15 Bill Ackman Lee S. Ainslie III Jacklyn Bezos Steven A. Cohen Philippe Laffont John Overdeck Casey & Laura Wasserman WHERE IS ROBIN HOOD Robin Hood partners with over 200 of the most effective nonprofits across all five boroughs. Food Housing Health Legal Aid Jobs & Economic Security Early Childhood Youth Single Stop K-12 Education CONTENTS 1 By every measure, 2015 was a remarkable year. Despite strong financial headwinds, you helped raise an astounding $162 million to tackle poverty in New York City. Perhaps more meaningfully, we increased the total number of donors by 1,000 and grew our base by 13%. If you were part of our success – if you helped expand Robin Hood’s community and strengthen our efforts – we are deeply grateful for your participation. If you have not yet joined our mission to help struggling New Yorkers earn and learn their way out of poverty, we invite you to experience the true, unparalleled reward of transforming lives. Only through your generosity is Robin Hood able to further reduce the barriers to opportunity for those in need. If not now, when? To which we add: if not here, where? 2 The2 Robin Hood Impact CONTENTS 3 Spending3 Wisely 4 Notable4 Achievements 5 Community5 of Giving 10 Grant6 Making 11 Early Childhood 14 K-12 Education 17 Youth 20 Jobs & Economic Security 23 Single Stop 24 Housing 27 Food 30 Legal Assistance 33 Health 36 Special35 Initiatives 39 Financials40 40 New York Needs You: Become Involved 2 ROBIN HOOD 2015 THE ROBIN HOOD IMPACT More than one in five New Yorkers live in poverty. That’s 1.8 million of our neighbors who struggle to stay afloat. Many battle on multiple fronts: homeless and hungry; unemployed and undereducated; chronically sick and facing eviction. Chances are, if they suffer from one frightful condition they suffer from several. Poverty is the most pressing and complex issue facing the city today. Robin Hood aggressively attacks both its root causes and long-term impacts. As the city’s largest poverty-fighting organization, we find, fund, and create more than 200 of the most effective and innovative programs to help low-income New Yorkers overcome poverty’s grip. THE FOUR HALLMARKS OF ROBIN HOOD EVERY DONATED RIGOROUS ADDING ACCOUNTABILITY DOLLAR COUNTS METRICS VALUE Because Robin Hood’s Robin Hood examines If programs are Beyond dollars, board underwrites all its grants to an exacting successful, Robin Hood Robin Hood offers operating costs, 100% of evaluation process, helps them expand. If business expertise and every donated dollar goes estimating, as best as they falter, we help them leadership training to directly to serving our the evidence allows, how improve. But if weak strengthen our nonprofit neighbors in need. much each of our grants performance persists, partner’s ability to serve lifts the wellbeing of we terminate support. its community. struggling New Yorkers. Every misspent dollar is a missed opportunity. SPENDING WISELY 3 SPENDING WISELY TOTAL INVESTMENT: $130.4 MILLION Thanks to the extraordinary generosity of 9,000 donors, Robin Hood helped more people in 2015 in more profound ways than JOBS & ECONOMIC SECURITY SINGLE STOP ever before. Here is how Robin Hood made a difference in 2015. EARLY CHILDHOOD CHILDHOOD EARLY YOUTH $35.1 K-12 EDUCATION MILLION $31 27% MILLION $29 23% MILLION 22% HOUSING LEGAL ASSISTANCE LEGAL ASSISTANCE SINGLE STOP $15.1 MILLION HEALTH YOUTH YOUTH $13.5 MILLION $10.4 $10 MILLION MANAGEMENT ASSISTANCE CAPITAL/OTHER* FOOD MILLION $8.4 *Other includes Sandy Relief and Evaluation 8% 8% MILLION 6% $2.8 $3.8 MILLION MILLION 3% 2% JOBS & JOBS & ECONOMIC SECURITY $20 MILLION EARLY CHILDHOOD CHILDHOOD EARLY $17.5 MILLION K-12 EDUCATION $29 MILLION 4 ROBIN HOOD 2015 NOTABLE ACHIEVEMENTS Here is a glance at the impact Robin Hood had in 2015 on the lives of struggling New Yorkers and what our partners were able to accomplish with our support. $175 MORE THAN % MILLION We helped nearly 11,000 10 We generated $175 million in vulnerable New Yorkers avoid Our Single Stop program served tax refunds for over 110,000 eviction, find emergency shelter, more than 10% of all New Yorkers low-income New Yorkers. or move into permanent housing. living in poverty. 14 Zearn, the online learning program seeded by Robin Hood We launched the LeaderLink pilot MILLION three years ago, now instructs program, connecting private- We helped fund eight food over 200,000 students, more than sector finance professionals to pantries that provided 14 million half of whom signed on in the last nonprofits in urgent need of meals to hungry New Yorkers. months of the year. skilled specialists. In an unprecedented collaboration, we launched the Immigrant Job Center in partnership with the New York City Small Business Administration and the Human Resources We identified 12,000 seniors who We served 55,000 New York City Administration to train and were eligible for the federal food- school children and educated place hundreds of immigrants stamp program (SNAP), but not more than 10,000 teachers, in jobs and help them apply for enrolled; all 12,000 now receive improving learning for hundreds of government benefits. food stamps. thousands of children. COMMUNITY OF GIVING 5 COMMUNITY OF GIVING Robin Hood’s 2015 Benefit culminated with a performance by Paul McCartney Each year, Robin Hood gives We are humbled that our community of supporters continues to grow. away every dollar we raise to In 2014, 7,900 individuals donated to Robin Hood. In 2015, that number swelled to nearly 9,000 donors, who made a median contribution of $150. fight poverty, so our ability And thanks to the generosity of our board, which covers all of Robin to help New Yorkers in need Hood’s operating costs, 100% of every donor’s dollar went directly to depends entirely on the fighting poverty. generosity of our donors. Continuing to grow our community is a priority for Robin Hood, across professions and ages. It is a careful blend of art and science: face-to-face meetings, thought-provoking conferences, family activities, engaging dinners, and heartwarming events. In 2015, Robin Hood hosted nearly 300 gatherings, attracting audiences of every age. 6 ROBIN HOOD 2015 SIGNATURE EVENTS ROBIN HOOD BENEFIT The 2015 Benefit, hosted by Robin Hood board member Katie Couric, showcased our work to aid hundreds of thousands of struggling New Yorkers and raised a record $101 million. Robin Hood hosted three additional parties alongside the Benefit to engage the next generation of philanthropists in the battle against poverty. Benefit Co-chairs Jeffrey Immelt, Indra Nooyi, David M. Zaslav and Mariano Rivera Jimmy Fallon Katie Couric and Teen Council members, Ayhnisa Jackson and Alex Berry COMMUNITY OF GIVING 7 Debbie DeFord Minerva, Julia Blue and Fidelia Telfort Tom Brokaw Demetrius Johnson HEROES BREAKFAST At the annual Heroes Breakfast, Robin Hood honored the inspiring work of three nonprofit partners – iMentor, Coalition for the Homeless and Lawyers for Children – with additional grants of $50,000 each. Attendees were deeply moved by the uplifting stories of resilience, courage, and compassion of five individuals whose lives were Jessie Garcia forever changed by these organizations. 8 ROBIN HOOD 2015 Market Wrap with Paul Tudor Jones II and Lee Ainslie III ROBIN HOOD INVESTORS CONFERENCE Since its inception in 2013, the Robin Hood Investors Conference has raised more than $15 million. This year, the annual conference brought together luminaries of the finance world including David Einhorn, Paul Tudor Jones II, T. Boone Pickens, Philippe Laffont, John Griffin, Lee Ainslie III, and Dan Loeb with thought leaders like former Mayor Michael Bloomberg for two days of stimulating discussions. Fund Managers Lightening Round moderated by John Griffin PLANNED GIVING goals while leaving a lasting legacy SMART GIVING By joining the Robin Hood that improves the lives of New With nearly three decades of Legacy program, donors gain the Yorkers in need.