OKAY WELL NOW SWITCHING
GEARS TO THE ROBIN HOOD
FOUNDATION ITS NEW YORK CITY'S
BIGGEST POVERTY FIGHTING
ORGANIZATION AND FOR MORE THAN
30 YEARS ROBIN HOOD HAS BUILT
AND FUELED NONPROFITS ACROSS
THE CITY. WELL TONIGHT THE
COMPANY CEO IS GOING TO BE
LEAVING THE TREE LIGHTING
CEREMONY RIGHT HERE IN FRONT OF
THE EYE PANIC, NEW YORK STOCK
EXCHANGE ON
WALL STREET. AFTER RINGING THE
CLOSING BELL AT THE STOCK
EXCHANGE AS WELL. THE CEO OF
THE ROBIN HOOD FOUNDATION JOINS
ME NOW
RICHARD BEARY I RICHARD THANK
YOU SO MUCH FOR COMING ON THE
SHOW HERE AT THE NEW YORK STOCK
EXCHANGE JUST IN FRONT OF THAT
PODIUM. TALK TO ME ABOUT THE
WORK IN ROBIN HOOD IS DOING
THIS HOLIDAY SEASON.
>> THANK YOU SO MUCH FOR HAVING
ME AS YOU MENTIONED
ROBIN HOOD, NEW YORK'S LARGEST
POVERTY FIGHTING ORGANIZATION
33 YEARS, WE'LL BE AT THE
FOREFRONT OF THE FIGHT AGAINST
POVERTY
NEW YORK. AND JUST OVER THE
LAST 2 YEARS WE'VE INVESTED
340 MILLION DOLLARS IN
ORGANIZATIONS AND THE FRONT
LINES IN THE FIGHT AGAINST
POVERTY NEW YORK. ORGANIZATIONS
THAT ARE HELPING THE EDGE KATE
NEW YORKERS TRAIN NEW YORKERS
FOR FOR JOBS HOUSE NEW YORKERS
AND SUPPORT
NEW YORKERS. AND RIGHT NOW
WE'RE REALLY FOCUSED ON 3
THINGS ONE ARE FOCUSED ON
HELPING NEW YORKERS GET BACK ON
THEIR FEET
WORKING WITH OUR PARTNERS TO
MAKE SURE THAT NEW YORKERS
BASIC NEEDS ARE MET.
FEEDING PROGRAMS EMERGENCY FOOD
PROGRAMS HOUSING PROGRAMS MAKE
SURE THAT FAMILIES
ARE STABLE. TOO MANY KIDS BACK
ON TRACK OBVIOUSLY THE LAST
YEAR AND A HALF OF
BEEN DEVASTATING FOR PUBLIC
EDUCATION HERE IN NEW YORK CITY
WANT TO MAKE SURE THE STUDENTS
ARE GETTING BACK TO SCHOOL WITH
ALL THE SUPPORT THEY NEED TO
THRIVE AND YOU WANT TO GET NEW
YORKERS BACK TO WE WANT TO MAKE
SURE THAT WE'RE INVESTING IN
JOB
TRAINING PROGRAMS, WE'RE
HELPING PREPARE NEW YORKERS FOR
QUALITY JOBS JOBS THAT PAY A
GOOD LIVING THAT PROVIDE GOOD
BENEFITS AND THEY HELP PEOPLE
BUILD WEALTH OVER TIME.
>> LET ME ASK YOU RICH, YOU
KNOW YOU'RE
RELATIVELY NEW ON THE JOB AT
TAKING OVER AS CEO IN SEPTEMBER
OF THIS YEAR IN
2021. THIS PANDEMIC
UNFORTUNATELY HAS SHOWING A
LIGHT ON JUST HOW WORRISOME AND
A PROBLEM POVERTY IS HERE IN
NEW
YORK CITY. WHAT IS THE COMPANY.
WHAT IS THE FOUNDATION
ROBINHOOD DOING HOW'S IT
CHANGING ITS STRATEGY TO
ADDRESS THIS NEW SITUATION
THAT THE CITY HAS FOUND ITSELF
IN IN THE WAKE OF THE
CORONAVIRUS AFTER.
>> PHIL AND WE ALL THE PANDEMIC
CONTINUES TO HAVE A DEVASTATING
IMPACT ON OUR CITY OUR STATE
OUR COUNTRY AND
OUR WORLD. IT'S THREE-POINT
REMEMBER THAT THAT THAT WAS
IMPACTING FELT EVEN MORE DEEPLY
BY THE MOST VULNERABLE NEW
YORKERS IN MONTHS, WE KNOW FOR
EXAMPLE THAT OVER THE PAST
2 YEARS. AFTER THE PANDEMIC
WE'VE HAD TWICE AS MANY NEW
YORKERS MAKE USE OF FOOD BANK
THAT WAS TRUE BEFORE
THE PANDEMIC. HOUSING
INSECURITY REMAINS AT AN
ALL-TIME
FAMILY THAT RISK OF EVICTION
FAMILIES CHOOSING BETWEEN
HAVING A PLACE TO LIVE AND
HAVING A PLACE TO BE EITHER
DEVASTATING CHALLENGES. WELL,
ROBIN HOOD WE'RE TRYING TO MEET
THOSE CHALLENGES HEAD THAT'S
ABOUT IT. I SAID JUST TRYING TO
HELP FAMILIES. THERE ARE
EMERGING NEEDS. WE'VE WE HAD TO
REALLY FIND THAT WE RAISE LAST
YEAR BY 80 MILLION DOLLARS OVER
THE PAST YEAR. JUST HELPING PUT
MONEY IN PEOPLE'S POCKETS RIGHT
HELPING TO MAKE SURE THAT
FAMILIES WHAT THEY NEED TO BUY
FOOD AND
PAY RENT. TO BUY DIAPERS TO GET
FORMULA THAT SOME OF THE BASIC
NEEDS OF FAMILIES NEED
TO SURVIVE. BUT BEYOND THAT OF
COURSE WE'RE TRYING TO MAKE
SURE ALL WAY THAT
FAMILIES HAVE THE SUPPORT THEY
NEED TO BE SUCCESSFUL THROUGH
THIS CRISIS SO OVER THE OVER
THE COURSE THE NEXT YEAR REALLY
ABOUT HELPING.
THE ECONOMY RECOVERING HELPING
FAMILIES RECOVER. EVEN AS
THINGS STABILIZE AROUND THE
CITY IN THE COUNTRY, WE KNOW
THE NEW YORK UNEMPLOYMENT
REMAINS TWICE WEIGHT IS AROUND
THE AROUND
THE COUNTRY. AND IT'S
PARTICULARLY CHALLENGING NOW AS
WE ENTER THE HOLIDAY SEASON.
WE KNOW THAT IN PLACE IN OVEN
ALL TIME AND A 30 YEAR HIGH
OVER
6%. AND WHAT THAT MEANS IS THAT
FAMILIES ARE ALREADY STRUGGLING
BECAUSE THEY'VE LOST EMPLOYMENT
THEY'VE LOST THAT DAYBELL BACK
ON
THEIR LIVES. WE ARE FACING THE
SQUEEZE RIGHT NOW WITH GAS
PRICES ARE HIGHER PRICES ARE
HIGHER.
AND SOME OF THE SUPPORT OF THE
BEEN INSTRUMENTAL
THE FAMILIES. ARE TIMING OUT A
FAMILY ONE OF THE THING THAT
CAN BRING ABOUT THE LAST YEAR
THAT THE GOVERNMENT, A
NONPROFIT THAT REALLY RESPOND.
IN NEW YORK THINGS LIKE THE
EVICTION MORATORIUM HAVE MET
THAT FAMILY THAT WOULD
OTHERWISE BE ON THE STREETS.
WE HAVE BEEN ABLE TO STAY IN
THEIR HOME THE EXPANDED CHILD
TAX CREDIT AH, BUT THE THING
THAT
ARE EXPIRING FAMILIES ARE
ALREADY ON THE EDGE FACE A
PRECIPICE. ROBIN HOOD AND OUR
PARTNERS HAVE TO
BE THERE TO HELP HOLD THE LINE
TO KEEP FAMILIES TABLE THAT
THEY CAN THRIVE IN THE FUTURE.
>> RICH LET ME ASK YOU THIS OUT
WE SEE THE INFAMOUS TREE
LIGHTING CEREMONY TRULY A
BEAUTIFUL, A CEREMONY
AT ITS TIME EVERY YEAR JUST
BEFORE THE CHRISTMAS HOLIDAY
FOR A BIG BEAUTIFUL REAL TREE
THAT IS JUST OUTSIDE THE STOCK
EXCHANGE ON THE
CORONER ABROAD. AND WALL STREET
WHY DO YOU AND YOUR FOUNDATION
WANT TO BE HERE TO CELEBRATE
THE LIGHTING OF THE TREE TODAY.
>> WELL YOU KNOW BECAUSE THE
REAL ANSWER THAT THE BIG OF THE
CHALLENGES WE FACE ARE AT THE
CITY IN
THE COUNTRY. WE'RE BIGGER THAN
THOSE CHALLENGES, THERE IS
NOTHING THAT WE CAN'T DO IF WE
COME TOGETHER IN THE
HOLIDAY SEASON. EXEMPLIFY THE
NEW YORK STOCK EXCHANGE HAVE
BEEN LONGTIME PARTNER THE
ROBINHOOD FINANCIAL SUPPORT OF
OUR WORK. YOU ALL ARE
CELEBRATING THAT STOCK EXCHANGE
IS CELEBRATING ITS GIVING
CAMPAIGN
RIGHT NOW AND SO WE THINK IT'S
A GREAT TIME TO BE HERE TO
CELEBRATE WITH OUR PARTNERS
LIKE THE STOCK IT'S CHANGED A
BIT TO TELL NEW
YORKERS THAT AT THIS HOLIDAY
SEASON AS WE'RE CELEBRATING
WITH OUR FAMILIES TO REMEMBER
THOUGH THEM AND THAT'S WHERE
THE FORTUNATE REMEMBER THAT
THERE ARE THINGS THAT YOU CAN
DO EVERYONE CAN DO YOU CAN
VOLUNTEER YOU CAN GIVE TO
CHARITY WERE JUST COMING A DAY
AFTER GIVING TUESDAY WITH YOU
GET THE ROBIN HOOD. WHAT OTHER
ORGANIZATION THERE IS A TENSION
THAT NEED YOUR HELP. YOU CAN
ADVOCATE TALK TO YOUR LOCAL
CONGRESS PERSON, YOUR ELECTED
OFFICIALS AND TELL THEM THAT
THIS IS NOT TO BACK AWAY FROM
SUPPORTING THOSE
WHO ARE MOST. WE LOVE WE
BELIEVE IN AMERICA, THE LAND OF
OPPORTUNITY WITH OUR JOB TO
MAKE THAT OPPORTUNITY REAL MAKE
SURE YOU GET FOR ALL NEW
YORKERS. ALL AMERICANS. THAT'S
WHAT FOR ME THE HOLIDAY SEASON
REPRESENTING THAT YOU'RE YOU'RE
CELEBRATING WITH THE STOCK
EXCHANGE.
>> WE'RE HAPPY TO HAVE YOU HERE
AT THE STOCK EXCHANGE, I'M
EXCITED
TO SEE RING THE BELL ON THE
PODIUM AND OF COURSE CELEBRATE
THE LIGHTING OF THE TREE AGAIN
JUST OUTSIDE OF THE SIDE OF THE