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Robin Hood donors raise $60 million at annual gala

With a who's who of bankers and hedge fund titans in attendance, the Robin Hood Foundation's annual gala raised more than $60 million Monday, cementing its status as New York's leading charitable event.

Although the amount fell shy of the $80 million the group raised last year when it celebrated its 25th anniversary, the new round of donations means the group has raised more than $1.45 billion since it was founded in 1988.

A portion of this year's proceeds will be used for the newly launched Robin Hood American Dream Fund, which will support nonprofits that help immigrants and their families.

Bill Ackman
Kerima Greene | CNBC
Bill Ackman

Among those in attendance at the event included Appaloosa Management Founder and President David Tepper, who sits on the Robin Hood Foundation board, as well as Pershing Square's Bill Ackman and BlackRock Chairman and CEO Laurence Fink. But they were just among about 4,000 guests at the event, which is held at the Jacob Javits Center in New York. The venue allows the event to draw more than twice the capacity of the largest hotel ballrooms in New York.

By comparison, last week's Costume Institute Gala at the Metropolitan Museum of Art raised $12 million with 580 guests, and the United Jewish Appeal-Federation of New York Wall Street Dinner honoring Goldman Sachs CEO Lloyd Blankfein raised $26 million with 1,700 guests, according to Bloomberg Businessweek.

Larry Fink, chairman and chief executive of BlackRock, at the Robin Hood Foundation Gala, held on May 12, 2014, at New York's Jacob Javits Center.
Kerima Greene | CNBC
Larry Fink, chairman and chief executive of BlackRock, at the Robin Hood Foundation Gala, held on May 12, 2014, at New York's Jacob Javits Center.

—By CNBC Staff; Kerima Green contributed to this report.

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