Charities Rethink Glitz Quotient for Their Galas

The Wall Street Journal
May 14, 2009
By Mike Spector

How do you throw a famous Wall Street gala fund-raiser when conspicuous consumption and investment bankers are no longer cool?

The Robin Hood Foundation faced that issue on Tuesday when it held its annual benefit in Manhattan. A year ago, the antipoverty charity’s dinner included the auction of a trip to Australia to scuba dive and have lunch with Hugh Jackman. It went for $420,000. This year, the only prizes offered at New York’s Javits Center were things like opportunities to feed hungry families, enroll children in charter schools and teach new parents to care for newborns.

Read the full story.