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Hedge Fund Billionaire Griffin to Give $15 Million to Robin Hood

  • Poverty-fighting group gets gift as it welcomes a new CEO
  • Griffin challenges other donors to give at critical juncture

Ken Griffin, the billionaire founder of hedge fund firm Citadel LLC, will make a $15 million donation to the Robin Hood Foundation, a New York City poverty-fighting group that named a new chief executive officer this week.

Griffin plans to announce the grant Thursday at Major Food Group’s yet-to-open restaurant in the Seagram Building in Manhattan. The event is part of the lead-up to the foundation’s annual benefit on May 15, and will give many donors a chance to meet incoming CEO Wes Moore.