April 25, 2017; New York Times
The high-profile Robin Hood Foundation (RHF), where the board itself represents many of the deep pockets on Wall Street, has named a new CEO. The foundation, which famously addresses poverty in New York City, will announce today that author Wes Moore will take the helm full time as of this summer.
Moore was raised in the Bronx and says that his experience in those formative years informs his beliefs about philanthropy and poverty. “Who I fight for stays consistent,” Mr. Moore said. “The people I fight for, and those that Robin Hood will continue to fight for, are those who have been frequently left behind. It’s the underserved, the under-resourced. It’s the people we are having conversations about, and not having conversations with.”
The 38-year-old Moore is an Army veteran, a graduate from Johns Hopkins University, and an Oxford Rhodes Scholar. He has spent six years in finance, written four books, and founded a nonprofit, BridgeEdU, which he currently leads.
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The RHF does not operate without controversy. Nearly 30 years old, the Robin Hood Foundation has raised $2.5 billion from individuals and other foundations, but the donors it is most closely identified with are hedge fund folks. Rick Cohen wrote about the cognitive dissonance in the wealth at the core of the operation in 2015. He was covering a report issued by a group called The Hedge Clippers when he wrote, “Annually, the Robin Hood Foundation holds a gala fund-raising dinner that generates some $50 million for its anti-poverty programs.”
Moore will be taking over from Reynold Levy, who previously ran Lincoln Center and has been acting CEO at the foundation since David Saltzman left in 2015 after 27 years of service.—Ruth McCambridge