Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
Robin Hood Foundation
Employer identification number
13-3441066
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization?
................
11g(i)
(ii)
a family member of a person described in (i) above?
......................
11g(ii)
(iii)
a 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of support?
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
133,415,265
153,760,584
147,428,689
167,268,932
147,526,786
749,400,256
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3..
133,415,265
153,760,584
147,428,689
167,268,932
147,526,786
749,400,256
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
179,298,276
6
Public Support. Subtract line 5 from line 4.
570,101,980
Section B. Total Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
7
Amounts from line 4..
133,415,265
153,760,584
147,428,689
167,268,932
147,526,786
749,400,256
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
2,544,593
5,198,290
2,577,393
2,777,022
844,475
13,941,773
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
140,852
46,357
0
0
199,478
386,687
10
Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
2,585,289
1,302,097
1,420,687
676,100
1,331,027
7,315,200
11
Total support (Add lines 7 through 10).
771,043,916
12
Gross receipts from related activities, etc. (See instructions.)
..................
12
13
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here..........................................
Section C. Computation of Public Support Percentage
14
Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f))
.........
14
73.939 %
15
Public Support Percentage for 2009 Schedule A, Part II, line 14
...............
15
78.698 %
16a
33 1/3% support test—2010.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
......................
b
33 1/3% support test—2009.
If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2010.
If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization
..................................................
b
10%-facts-and-circumstances test—2009.
If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported organization
..............................................
18
Private Foundation
If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions
...................................................
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public Support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13
Total support (Add lines 9, 10c, 11 and 12.).
14
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public Support Percentage for 2010 (line 8 column (f) divided by line 13 column (f))
.........
15
16
Public support percentage from 2009 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2010 (line 10c column (f) divided by line 13 column (f))
......
17
18
Investment income percentage from 2009 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2010.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
..........
b
33 1/3% support tests—2009.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
....
20
Private Foundation
If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information.
Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2010
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
Robin Hood Foundation
Employer identification number
13-3441066
Identifier
Return Reference
Explanation
Program Service Accomplishments
Part III, Line 4d
Management Assistance: Robin Hood made monetary grants to build management capacity to 34 organizations receiving core grants. Management assistance staff assesses the managerial capabilities of grantees and recommends consulting interventions to strengthen these organizations. Consulting is arranged via donated professional services or monetary grants or provided by Robin Hood staff. In-Kind Grants: Robin Hood obtains donations of goods needed by organizations receiving its core grants. These goods are then awarded to organizations receiving core grants and distributed to them free of charge.
Form 990, Part VI, Section A, Line 2
Board of Directors Members Atiim Barber, Tom Brokaw, Jeffrey Immelt, Brian Williams, and Jeff Zucker have a Business relationship Board of Directors Members Glenn Dubin and Bob Pittman have a Business relationship Board of Directors Members Julius Gaudio and Max Stone have a Business relationship Board of Directors Members Dan Och and David Solomon have a Business relationship Board of Directors Members John Sykes and Bob Pittman have a Business relationship Executive Director and President, David Saltzman, and Board of Directors Member, Paul Tudor Jones have a business relationship.
Form 990, Part VI, Section B, Line 11
Robin Hood's board of directors has delegated to the audit committee the authority to review Robin Hood's Form 990 prior to filing. Pursuant to that authority, after review by Robin Hood's tax and legal advisors, a draft of the Form 990 was sent to the full audit committee for the committee's review and comment. A copy of Robin Hood's Form 990 was provided to each member of the board prior to filing.
Form 990, Part VI, Section B, Line 12
Robin Hood's conflict of interest policy, which is incorporated into Robin Hood's By-Laws, places an affirmative obligation on each officer, director and staff member to disclose any contract or transaction in which he or she has an interest at the time that the contract or transaction is considered by the board or committee authorizing the contract or transaction. The policy also requires each officer, director and staff member to furnish an annual conflict of interest disclosure statement. The disclosure statement includes an affirmation by the individual signing the statement that he or she has read Robin Hood's conflict of interest policy and agrees to abide by it. The disclosure data is reviewed by Robin Hood's general counsel, who maintains a list of relationships that could give rise to a conflict of interest. Prior to board or committee meetings where contracts are to be voted on, the general counsel reviews the agenda and identifies any potential or actual conflicts of interest. If a potential or actual conflict of interest is identified, it is disclosed to the board or committee. If the individual with the potential or actual conflict of interest is present at the meeting, he or she may participate in the information-gathering stage of the board's or committee's discussion but must leave the room for the final deliberation and vote.
Form 990, Part VI, Section B, Line 15
Robin Hood's Executive Committee has the authority to make decisions relating to the compensation of its top management official and key employees. (Note: Robin Hood does not compensate its directors or non-staff officers.) The committee is assisted in this process by an outside compensation consultant, legal counsel and Robin Hood's Audit Committee. Compensation decisions are made with reference to comparability data for similarly qualified persons in functionally comparable roles at similarly situated organizations presented by the outside compensation consultant. Robin Hood complies with the "rebuttable presumption" procedures for determining that compensation is reasonable under Internal Revenue Code Section 4958. Deliberations and decisions regarding compensation arrangements are contemporaneously documented in meeting minutes.
Form 990, Part VI, Section C, Line 19
Robin Hood's Certificate of Incorporation, By-Laws (which include Robin Hood's conflict of interest policy) and audited financial statements are made available to the public on request. A summary of Robin Hood's audited financial statements (also approved by Robin Hood's auditors) is posted on Robin Hood's website. A copy of Robin Hood's Form 990 is posted on www.guidestar.org and is available upon request at the organization's principal place of business.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.