01 Mar 2013
To the RescueRe: Deborah Winshel (MBA 1985)Topics:
Last fall's 12-12-12 Concert for Sandy Relief put the spotlight not only on its rock star performers but also on the venture-philanthropy organization that conceived of and organized the event. The Robin Hood Foundation, whose board members fund all of the organization's overhead costs, annually provides $140 million in grants to some 200 New York City antipoverty efforts. Thanks to Bruce Springsteen and other entertainers, the Sandy event raised more than $50 million from ticket and merchandise sales, corporate sponsorships, and donations. The money was disbursed by Robin Hood to organizations, large and small, in storm-damaged areas in New York, New Jersey, and Connecticut.
Deborah Winshel (MBA 1985), Robin Hood's president and COO, said that the foundation assesses the cost-benefit ratio of antipoverty programs and funds only the most effective. Compassion and charity can be married to intellectual rigor, she told Voice of America (December 12, 2012). "We look at the entire landscape and leverage your dollar in the most effective way."