Robin Hood Foundation, founded and supported by many prominent money managers, among other business and social leaders, has raised $14.5 million from investment managers and individuals for a special disaster relief fund it set up in response to the Sept 11 terrorist attacks. Anna Byng, associate-communications for the New York-based foundation, said the money raised would be placed in short-term investments and distributed weekly. Further details were unavailable.
All of the money raised will go to rescue workers and others in need because of the terrorist attacks. The foundation’s board will underwrite any administrative costs, Ms. Byng said.
