The Robin Hood Foundation is a charitable organization which attempts to alleviate problems caused by poverty in New York City, United States. The organization also administers a relief fund for disasters in the New York City area. Founded in 1988, Robin Hood was conceived by hedge fund manager Paul Tudor Jones. Peter Borish was also a founding board member of the organization. The foundation combines investment principles and philanthropy to assist programs that target poverty in New York City. In 2006, the board of directors included such names as Jeffrey Immelt, Diane Sawyer, Harvey Weinstein, Marie-Josee Kravis, Lloyd Blankfein, of Goldman Sachs, Richard S. Fuld, Jr., formerly of Lehman Brothers, Glenn Dubin, of Highbridge Capital, Marian Wright Edelman and actress Gwyneth Paltrow.