CNBC.COM – With a who’s who of bankers and hedge fund titans in attendance, the Robin Hood Foundation’s annual gala raised more than $60 million Monday, cementing its status as New York’s leading charitable event.
Although the amount fell shy of the $80 million the group raised last year when it celebrated its 25th anniversary, the new round of donations means the group has raised more than $1.45 billion since it was founded in 1988.
A portion of this year’s proceeds will be used for the newly launched Robin Hood American Dream Fund, which will support nonprofits that help immigrants and their families
This year’s fundraiser launched a new fund to help immigrants that was launched with a $10 million challenge grant that include a $5 million donation from the Pershing Square Foundation and $5 million from an anonymous donor and others.
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