New York (HedgeCo.net) – Hedge Funds Care announced that hedge fund industry participants donated nearly $2 million at the charity’s 13th Annual Hedge Funds Care New York Open Your Heart to the Children Benefit.
The gala, which drew together approximately 1200 leaders in finance, has quickly become the alternative investment industry’s signature charity gala and is also the largest event that Hedge Funds Care holds anywhere in the world. Hedge fund managers and industry participants who attended partook in an elegant cocktail reception, an exclusive single malt scotch tasting and saw the Hedge Funds Care Award for Caring presented to Anthony Scaramucci, Managing Partner of SkyBridge Capital, for his many philanthropic endeavors. During the 5 o’clock hour today Mr. Scaramucci will appear on CNBC’s Fast Money to discuss Hedge Funds Care and his selection as the honoree.
“Last year, in 2010, Hedge Funds Care made a difference in the lives of 37,560 people. In 2011, thanks to the incredible generosity of my colleagues in the alternative investment industry, we will be able to make an even more substantial impact,” said John Budzyna, Chairman of Hedge Funds Care.
“Child abuse is a hidden problem, something that few are willing to address,” added Kathryn Conroy, Executive Director of Hedge Funds Care. “Because of the incredible philanthropy of the hedge fund industry, Hedge Funds Care can provide grants to organizations which prevent child abuse from happening in the first place, and help the children who have been affected to heal.”
Funds from this year’s event will go to for child abuse programs in New York, New Jersey and Connecticut. Aside from the NY Gala, funds for Hedge Funds Care are raised through events in more than 12 cities in the US, the UK, Canada, and Cayman Islands, and granted to community organizations addressing this issue. Hedge Funds Care is the only grant making public charity that focuses exclusively on funding this cause.
About Hedge Funds Care
Hedge Funds Care is an international charity supported largely by the alternative investment industry. Its sole mission is to support efforts to prevent and treat child abuse. Hedge Funds Care raises money, primarily through events, and awards grants in 12 major cities in the United States, Canada, the Cayman Islands, and the United Kingdom. Approximately 30 events are held annually. Hedge Funds Care’s grantees service children of all ages and span the entire spectrum from preventive and educational services for at-risk families to forensic interviews and treatment of children who have already experienced abuse. We generally fund small, community-based organizations, where small grants can have a profound impact. Since inception, Hedge Funds Care has awarded more than 660 grants totaling more than $24 million. Hedge Funds Care is largely a volunteer-driven organization, with professionals from the hedge fund industry serving on the Board and on local committees that plan events and evaluate grant proposals. The organization has a small staff based in New York City.
Editing by Alex Akesson