Robin Hood Comes to Queens!
We were really excited when we got the chance to talk to Megan Wyatt from the Robin Hood Foundation. Below is an interview we had when Megan came to P.S. 175!
Question: How did the Robin Hood Foundation get started?
Answer: It was founded in 1988 by a group of Wall Street investors who wanted a way to give back some of the money they had earned to help poor New Yorkers. As successful bankers, they were used to making good investments. Wherever they put their money, it would grow, giving them back more than they started with. They felt that charities should use the same business-like principles -- only give to good organizations that get excellent results.
Question: Do you think it was a good idea for us to make our website?
Answer: Absolutely! This is a great way for other students to learn how important it is to help those who are less fortunate.
Question: Do you know which charity our money will be donated to?
Answer: No - we pool together all of the money we raise each year and distribute it to over 150 organizations that fight poverty in New York City. Each year we fund new groups and grant different amounts -- it all depends on what the needs are.
Question: How are you able to donate 100% of our donation to charity?
Answer: Because our board of directors pay for all of the expenses, including staff salaries.
Question: Who pays for all the expenses to run Robin Hood?
Answer: Robin Hood's board of directors.
Question: How do you make sure the charity uses the money correctly?
Answer: After every grant is made, the organization must sign a contract which states that they will use the money for whatever purpose we agreed on. We also visit the groups regularly and help them along the way whenever possible.
Question: Did any other schools ever donate to Robin Hood?
Answer: You are the first!
Question: Do you give the same amount of money to each charity?
Answer: No -- we make grants according to each organizations unique needs.