Robin Hood Foundation picks Goldman Sachs executive Dina Powell McCormick as new chair

Goldman Sachs enforcement Dina Powell McCormick has been named seat of the Robin Hood Foundation, a nonprofit backed by Wall Street executives and different concern leaders that aims to combat poverty.

McCormick, who was the group's vice chair, was elevated by the committee to seat connected Wednesday, the instauration announced successful a statement. Former Chairman, John Griffin, laminitis of Blue Ridge Capital, volition stay connected the board.

"For 35 years, Robin Hood has been warring to elevate New Yorkers retired of poverty. Being elected seat by her peers is simply a almighty designation of Dina's past of service, leadership, and committedness to our mission," Robin Hood CEO Richard R. Buery, Jr. said successful a statement. "She leaned into our effect to Covid-19 by supporting the enactment of the Robin Hood Relief Fund that raised much than $80 cardinal implicit 18 months and played a pivotal relation successful the instauration and motorboat of Robin Hood's equity centered, inaugural supporting nonprofit leaders of color, The Power Fund."

McCormick is Goldman's planetary caput of sustainability and inclusive growth. She's besides the planetary caput of the firm's sovereign business. She's served successful some erstwhile presidents George W. Bush and Donald Trump's administrations.

Other titans of manufacture that are listed connected the poorness warring foundation's committee see Mike Novogratz, the CEO of cryptocurrency concern steadfast Galaxy Digital, David Solomon, the CEO of Goldman Sachs, Jeff Blau, the CEO of Related Companies and Mary Callahan Erdoes, the CEO of JPMorgan Asset & Wealth Management.

The foundation's ballot to marque McCormick its seat comes aft the radical has seen a alteration wrong their C-suite. Richard Buery, Jr. became Robin Hood's CEO successful June 2021 aft Wes Moore departed and aboriginal announced a run to beryllium Maryland's adjacent governor. The latest polling successful that contention shows Moore up of his Republican hostile Dan Cox by at least 22 points.

McCormick volition presume her caller relation successful February.

The Robin Hood Foundation has donated much than $3 cardinal implicit the past 3 decades to groups that combat poverty, making it 1 of the much influential and good financed nonprofits successful the country, according to its website. Millions went to groups past twelvemonth specified arsenic Acumen, Charles B. Wang Community Health Center, Children's Aid and the Fund for Public Health successful New York.