$100 Million Initiative for Child Care Quality and Innovation
Ⓒ Getty Images for Robin Hood
Photo: The Bezos brothers with some of the young members of Robin Hood
At Robin Hood’s 2022 annual benefit to support poverty-fighting efforts in New York City, Robin Hood, New York City Mayor Eric Adams, and venture capitalist Alexis Ohanian announced the formation of a $100 million Child Care Quality & Innovation Initiative for New York City. The initiative includes $50 million from Robin Hood – including a $25 million donation from Alexis Ohanian’s 776 Foundation – and a $50 million commitment from New York City. In total, Robin Hood raised $76 million at the event – 100% of which will go to impactful poverty-fighting programs citywide.