Robin Hood, the New York City-based anti-poverty organization, has announced the inaugural recipients of grants from its Power Fund. Launched in July, the fund supports nonprofit leaders of color in the five boroughs of New York City who bring perspective, proximity, and expertise to the fight against poverty.
In addition to catalytic investments, Power Fund grantees will receive management assistance, access to community partner networks, and capacity building support, including assistance with board member recruitment, fundraising, and strategic planning.
CEO Wes Moore, Robin Hood said, “As a poverty-fighting organization in a city where 80 percent of those in poverty are people of color, we know that poverty and race are inextricably linked. Leaders of color are often some of the most effective and innovative leaders because their solution-based approaches reflect lived, racialized experiences. I am honored and humbled to welcome these remarkable nonprofit leaders into the Robin Hood family.”
The inaugural cohort of grantees includes LaRay Brown, president and CEO of One Brooklyn Health System, who is working to catalyze the development and implementation of a system-wide transformation of maternal and child health services at OBHS’ three hospitals; Barika X. Williams, executive director of the Association for Neighborhood & Housing Development, who is working to strengthen the activist community development movement in New York City; Jessica Santana and Evin Robinson, co-founders of America on Tech, which creates pathways for students to careers in tech; Jerelyn Rodriguez, executive director and CEO of Knowledge House, which is working to build and sustain a talent pipeline of technologists, entrepreneurs, and digital leaders focused on lifting their communities out of poverty; and Bernell K. Grier, executive director of IMPACCT Brooklyn, which addresses issues of affordable housing, tenants’ rights, and home ownership in that borough.
The fund was seeded with an initial investment of $10 million from Robin Hood and has received additional investments from the Stavros Niarchos Foundation, the Charles and Lynn Schusterman Family Foundation, BlackRock, Capital One, and the Macquarie Group, as well as employee matching support from Bridgewater Associates and Goldman Sachs.