100 Women in Hedge Funds (“100WHF”), a leading global non-profit organisation for professionals in the alternative investment management industry, has raised $1.4 million in gross proceeds so far this year for the benefit of DonorsChoose.org, an innovative online charity connecting donors to classrooms in need.
The money was raised through the success of its annual New York Gala and other regional fundraising events.
100 Women in Hedge Funds has also launched a special initiative to extend its contribution to DonorsChoose.org, inviting its global membership of more than 10,000 members to donate additional funds to support schools and students located in the New York/New Jersey metropolitan area affected by Hurricane Sandy.
At the annual New York Gala, 100WHF presented its 2012 U.S. Industry Leadership and 2012 Effecting Change Awards to Dr. Marna Whittington, former CEO of Allianz Global Investors Capital and David Rubenstein, Co-Founder and Co-Chief Executive Officer of The Carlyle Group.
Announcing the Effecting Change Award selections, Lauren Malafronte, Board member of 100 Women in Hedge Funds said, "We are thrilled to honour Dr. Marna Whittington and David Rubenstein. Marna truly exemplifies what it means to be a leader in both her public and personal life and is an inspiration and true role model for the hedge fund community. David has continuously devoted his time and resources to philanthropic work with leading cultural institutions and universities, as well as provided strong leadership in global economic research and higher education. We are very proud to have them here tonight."
Since its formation in 2001, 100WHF has raised more than $25 million globally to support various charities in the fields of Women's and Family Health, Mentoring and Education, which reflect 100WHF’s three core pillars. Beneficiaries are chosen on a rotating basis by 100WHF’s Board of Directors, and the philanthropic theme for 2012 is Education.
"We are thrilled to receive this support from 100WHF, recognising the perennial need for schools across the nation to provide necessary day-to-day and supplementary supplies for the classroom," said Charles Best, Founder and CEO of DonorsChoose.org. "Now, we are especially grateful that the members of 100WHF are going above and beyond to come to the rescue of area schools which are in need of serious help to recover from the devastation of the hurricane. As we mend and rebuild from the storm, 100WHF’s generosity will be invaluable."