The Robin Hood Foundation announced Leader Link, its initiative to connect experienced financial professionals with nonprofits. The organization is known for its high profile philanthropic activities in New York City to alleviate poverty, hunger, and homelessness. The foundation opened the application period on July 2nd.
The purpose of the program is to funnel financial talent into nonprofit positions where their skills are in high demand. “The last few years, the high-profile financial problems of some high-profile nonprofits have highlighted the need for a competent financial person in these positions,” senior management consultant Deborah Miller said.
Robin Hood seeks to lure experienced professionals in finance to the nonprofit sector to fulfill the more difficult requirements of nonprofit leadership positions, such as reporting, organizational complexity, and the responsibilities that come with high visibility. As government and public scrutiny increases, attracting necessary talent has become a necessity for many nonprofit organizations.
Beginning September 15th, Leader Link will consist of five sessions meant to familiarize participants with the context of nonprofits over the course of a month and a half. Each session will have a different focus, from skill-building to touring local nonprofits. Sessions four and five consist of advice on effective job searches and interviewing, including a one on one practice interview with detailed feedback. Participants will also be paired with a leader of a nonprofit to serve as a mentor throughout and after the program.
The Robin Hood Foundation differentiates itself from other nonprofits by using a system of metrics, called “Relentless Monetization,” which convert different outcomes into monetary worth. These monetary values are used to compare Robin Hood intervention outcomes with what would have otherwise would have happened to the targeted demographic.
Ken Mehlman chairs an advisory board for Robin Hood, joining Jon Stewart, Diane Sawyer, Gwyneth Paltrow, and Eric Schmidt in the organization’s governance. Last year Robin Hood invested $132 million dollars towards fighting poverty.