Robin Hood Foundation

“Robin Hood's board of directors has delegated to the Audit, Finance and Compliance Committee the authority to review Robin Hood's Form 990 prior to filing. Pursuant to that authority, after review by Robin Hood's tax and legal advisors, a draft of the Form 990 was sent to the full afc committee for the committee's review and comment. A copy of Robin Hood's Form 990 was provided to each member of the board prior to filing.”

“Robin hood's conflict of interest policy places an affirmative obligation on each officer, director and key employee to disclose any contract or transaction in which he or she has an interest at the time that the contract or transaction is considered by the board or committee authorizing the contract or transaction. The policy also requires each officer, director and key employee to furnish an annual conflict of interest disclosure statement. The disclosure statement includes an affirmation by the individual signing the statement that he or she has read Robin Hood's conflict of interest policy and agrees to abide by it. The disclosure data is reviewed by Robin Hood's general counsel, who maintains a list of relationships that could give rise to a conflict of interest. Prior to board or committee meetings where contracts are to be voted on, the general counsel reviews the agenda and identifies any potential or actual conflicts of interest. If a potential or actual conflict of interest is identified, it is disclosed to the board or committee. If the individual with the potential or actual conflict of interest is present at the meeting, he or she may participate in the information-gathering stage of the board's or committee's discussion but must leave the room for the final deliberation and vote.”

“Robin Hood's Executive Committee has the authority to make decisions relating to the compensation of its top management official and key employees. (Note: Robin Hood does not compensate its directors or non-staff officers.) The committee is assisted in this process by an outside compensation consultant, legal counsel and Robin Hood's Audit, Finance and Compliance Committee. Compensation decisions are made with reference to current comparability data for similarly qualified persons in functionally comparable roles at similarly situated organizations presented by the outside compensation consultant. Robin Hood complies with the "rebuttable presumption" procedures for determining that compensation is reasonable under internal revenue code section 4958. Deliberations and decisions regarding compensation arrangements are contemporaneously documented in meeting minutes.”

“ROBIN HOOD'S CERTIFICATE OF INCORPORATION, BY-LAWS and Conflict of Interest Policy ARE MADE AVAILABLE TO THE PUBLIC ON REQUEST. ROBIN HOOD'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE POSTED ON ROBIN HOOD'S WEBSITE. A SUMMARY OF ROBIN HOOD'S AUDITED FINANCIAL STATEMENTS (ALSO APPROVED BY ROBIN HOOD'S AUDITORS) IS ALSO POSTED ON ROBIN HOOD'S WEBSITE.”

“In 2018, The Robin Hood Foundation commenced the following major programmatic initiatives: 1. Mobility Learning and Action Bets (LABS): In 2018, Robin Hood commenced this four-year, $25M initiative with the objective of learning about what it takes to increase mobility from poverty, and identify effective measures of short-term predictors of mobility. The work will take place in New York and four other geographies - Baltimore, Chicago, North East Pennsylvania and the Bay area of California. Restricted funding was received for the work in each of the areas outside NYC. The Board committed $5M from Robin Hood reserves for this project, which is included in Board-Designated net assets. 2. New Stories: This $5M initiative will create more than 150 deeply affordable apartments by replacing an aging and outdated public library in the Inwood neighborhood in Upper Manhattan with a new building containing a new state-of-the-art public library and affordable housing. 3. Fund for Early Learning (FuEL): Created in 2016, FuEL is a $50 million, five-year fund that leverages the science of early brain development to improve the future trajectories of low-income children 0-3. 4. Learning & Technology: This five-year, $25 million fund in collaboration between Overdeck Family Foundation and Siegel Family Endowment is in its first year of building innovative whole-school models to leverage technology to advance learning for low-income students. 5. Immigrant Opportunity Fund: This $25 million fund was raised to support immigrant and Latino New Yorkers and will be allocated over ten years. Part III, Line 4a: Core Grantmaking Robin Hood made cash grants to organizations in the following areas: early childhood; education; youth; job training; income security; and, survival, which primarily addresses health, hunger, housing and immigration. Robin Hood provides more than 250 organizations with program grants, general operating support, capital grants, and funds to build capacity and deepen services and management strength. Robin Hood's grantmaking staff evaluated programs applying for funds to determine grant recommendations and develop initiatives in response to unmet needs. These assessments included visits to the organization, interviews with program administrators, staff and participants, evaluation of historical results and financial review. Robin Hood's grantmaking in 2018 focused on improving math and literacy among K-12 students, improving college retention rates, providing emergency meals to families that were food insecure, equipping New Yorkers with job training that improved their economic prospects, funding health initiatives that supported low-income communities addressing issues like diabetes, creating stable housing units for families facing homelessness, enrolling New Yorkers in food and other benefits, and more. Part III, line 4b: MANAGEMENT ASSISTANCE Robin Hood protects and leverages its charitable investments with expert management and technical assistance. The goal is to bring best-in-class resources to solve our partners' most pressing strategic and operational challenges. We work in nine main areas: governance, strategy, human capital, marketing, fundraising, finance, legal, technology and real estate. Consulting is delivered by Robin Hood's internal consulting team, corporate pro bono partners and technical assistance grants. Robin Hood also provides training for the staff and board members of its community partners. Examples include developing a strategic plan to ensure effective resource allocation, streamlining a financial reporting system to manage costs or designing an effective website to enhance fundraising. In 2018, we completed 104 projects for 61 nonprofit community partners. We granted $1,004,132 for Management Assistance and provided pro-bono services valued at $3,296,193 million. We placed 20 professionals on nonprofit governing and auxiliary boards. Form 990, Part VI, Section A, Line 2 BOARD OF DIRECTORS MEMBERS”

“Reconciliation of Net Assets Rescinded Grants: $3,019,902”