Soros Gives $50 Million To Charity For New York’s Poor

May 14 2009 | 10:34am ET

George Soros this week pledged $50 million to a charity that helps poor New Yorkers, with the caveat that the group raise three times that amount over the next two years.

The Soros Fund Management chief announced his gift at the Robin Hood Foundation’s gala fundraiser in New York this week. Robin Hood was founded two decades ago by Soros’ fellow hedge fund manager Paul Tudor Jones, and gives money to other groups that focus on homelessness and education in New York City.

Robin Hood raised $72.7 million at the gala.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...