Dina Powell, former deputy U.S. national security advisor, speaks through the Saudi-U.S. CEO Forum in Latest York, U.S., on Tuesday, March 27, 2018.
Michael Nagle | Bloomberg | Getty Images
Goldman Sachs executive Dina Powell McCormick has been named chair of the Robin Hood Foundation, a nonprofit backed by Wall Street executives and other business leaders that goals to combat poverty.
McCormick, who was the group’s vice chair, was elevated by the board to chair on Wednesday, the muse announced in a press release. Former Chairman, John Griffin, founding father of Blue Ridge Capital, will remain on the board.
“For 35 years, Robin Hood has been fighting to raise Latest Yorkers out of poverty. Being elected chair by her peers is a strong recognition of Dina’s history of service, leadership, and commitment to our mission,” Robin Hood CEO Richard R. Buery, Jr. said in a press release. “She leaned into our response to Covid-19 by supporting the work of the Robin Hood Relief Fund that raised greater than $80 million over 18 months and played a pivotal role within the creation and launch of Robin Hood’s equity centered, initiative supporting nonprofit leaders of color, The Power Fund.”
McCormick is Goldman’s global head of sustainability and inclusive growth. She’s also the worldwide head of the firm’s sovereign business. She’s served in each former presidents George W. Bush and Donald Trump’s administrations.
Other titans of industry which might be listed on the poverty fighting foundation’s board include Mike Novogratz, the CEO of cryptocurrency investment firm Galaxy Digital, David Solomon, the CEO of Goldman Sachs, Jeff Blau, the CEO of Related Firms and Mary Callahan Erdoes, the CEO of JPMorgan Asset & Wealth Management.
The muse’s vote to make McCormick its chair comes after the group has seen a change inside their C-suite. Richard Buery, Jr. became Robin Hood’s CEO in June 2021 after Wes Moore departed and later announced a campaign to be Maryland’s next governor. The most recent polling in that race shows Moore ahead of his Republican opponent Dan Cox by no less than 22 points.
McCormick will assume her latest role in February.
The Robin Hood Foundation has donated greater than $3 billion over the past three many years to groups that fight poverty, making it one among the more influential and well financed nonprofits within the country, in accordance with its website. Tens of millions went to groups last yr akin to Acumen, Charles B. Wang Community Health Center, Kid’s Aid and the Fund for Public Health in Latest York.
