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May 13, 2015

Big Gifts Push Robin Hood Gala Take Past $100 Million

Tuesday night's Robin Hood Foundation benefit raised $101 million for anti-poverty end education programs, a new high for Wall Street's biggest annual philanthropic event, Bloomberg writes. The record-setting take was fueled by two donations of $25 million, one a challenge gift from the billionaire investor Bill Ackman's Pershing Square Foundation, the other an anonymous contribution to start a fund for education and technology projects.

The nine-figure total topped the previous high of $87.8 million for the 2010 edition of the gala, which annually draws a crowd of finance titans and celebrities to support the charity founded by hedge-fund mogul Paul Tudor Jones. This year it grew to include satellite events for the first time, with parties at two Manhattan nightspots adding 1,000 guests to the 4,000 at the main event. For the first time, this year's event spilled outside of the main venue, the Jacob K. Javits Center, Bloomberg also reported.