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Publication: European Stars and Stripes Sunday, December 29, 1991

You are currently viewing page 14 of: European Stars and Stripes Sunday, December 29, 1991

     European Stars and Stripes (Newspaper) - December 29, 1991, Darmstadt, Hesse                                Page 14 the stars and Stripe sunday december 29, 1991robin Hood leaves Mark in . New York a sister Mary Paul and sister Geraldine opened a crisis Center in 1980 after realizing Many of the families they counselled had very Basic problems a like not enough to eat and no Money for clothes. But they faced their own emergency in 1989 when the landlord hiked the rent 50 percent on their storefront in the working class Brooklyn neighbourhood of Sunset Park. The nuns needed a White Knight. What they found was t far off. The Robin Hood foundation a fledgling City Charity founded by three Young Wall Street whizzes stepped in to help the Center for family life renovate space in a nearby abandoned building. And their rent is now lower than before. This month As the nuns prepared for a a Winter fair a at a Junior High school a kept open beyond Normal hours with Robin Hood Money a a record 250 families came through the crisis Center picking up supplies to help them through the holidays. A a it a amazing what you can do just with a Little seed a sister Geraldine said. The foundation has been planting such seeds and helping them grow in new York City since 1987. Its hardly the biggest foundation around working with about 70 organizations with an average Grant of about $40,000. What makes it unique is its investment style approach. Like the investor looking for the undervalued Stock that a ready to take off the recipients of Robin Hood Grants Are often too new or unconventional for the bigger More established foundations. A we consider ourselves to be socially responsible venture capitalists a said David Saltzman the 29-year-old co executive director. A we think we can give donors the biggest bang for their charitable  Robin Hood was founded with a $3 million endowment from Paul Tudor Jones ii a 36-year-old Money manager from Memphis tenn., who a been called a the Champion Wunderkind of Wall  he invited two close friends to join him each of whom also contributed substantial sums. Jones now serves As chairman of a Robin Hood Board that includes John f. Kennedyjr. And rolling Stone publisher Jann Wonner. Jones founder and president of Tudor investment corp., attracted much attention in the mid-1980s for his Mastery of the futures Market and his Jet setting lifestyle. Last year his personal net Worth was estimated at More than $100 million. Today he keeps a much lower profile. He declined to be interviewed for this Story. But Jones said this month at the foundation s annual heroes awards breakfast a the one thing that we Learned working on Wall Street was the Power of leverage. That a Why the focus of most of our spending most of our funding is on both education and  at the breakfast mayor David Dinkins praised the foundation for a seeking out neighbourhood based efforts that concentrate on breaking the Cycle of poverty Quot and a helping a new generation of Community activism take Root and  Robin Hood began As an All Volunteer organization telling donors All their Money would go to help the poor. Students at a Brooklyn Public school take part in a Winter fair organized by two nuns. The school was opened in the evening with Money from the Robin Hood foundation a fledgling Charity founded by three Young Wall Street whizzes. Soon it needed a full time staff to accomplish its Mission Saltzman said. The staff now numbers eight mainly people with management or accounting backgrounds who help Grant recipients strengthen their own programs. A besides finding the Best organizations we wanted to support them in whatever ways we could Quot Saltzman said. A so we did no to just say a hey Here a a Check. Hope you done to blow  a and since Jones personally underwrites the foundations administrative and fund raising costs a we can still Tell donors honestly that every single Penny they give us goes directly to serving the poor Quot Saltzman said. That donor list is up to about 850 names including such celebrities As Yoko Ono sting and Kathleen Turner. Robin hoods endowment has grown to More than $15 million and it expects to give out $4 million next year to groups within new York City. This years recipients chosen from about 500 applicants include the nations first minority run Volunteer ambulance corps neighbourhood youth centers food programs shelters for the homeless and aids services. In a City with so Many unmet needs much work remains. But in working with the City a Many Unsung heroes Saltzman said Quot you see that these Are the Best people in the world and it just fills you with Hope. These people Are doing magic for next to , Little magic help comatose woman recover Hoboken . A medical technology the Popes prayer and a Little Holiday magic were what it took to bring a woman out of a 19-Day coma her husband said. Barbara Rozmestor still weak from her ordeal remained in her Hospital bed but was Able to open her gifts with her husband and two daughters on Christmas Day officials at St. Mary Hospital reported. She was listed in stable condition Friday. Rozmestor 30, can speak faintly and appears to have suffered no brain damage during the ordeal said her husband. Bill Rozmestor a 31-year-old warehouse manager. She will need several months of rehabilitation before she can return Home however said Hospital spokeswoman Joan Quigley. A you could say its a Miracle Yon could say its modern medical technology taking its course. Its probably a combination of All these things a her husband said. �?o1 would t totally Rule out a Little Christmas magic at  very few Cornu patients Ever regain consciousness. A and those who do usually come out w Ishin hours or Days a Quigley said Quot the doctors did not offer the family much Hope at  the ordeal began dec. 5, when Barbara Rozmestor was driving her Mother and her 5-month-old daughter Diven to the store to buy Christmas presents. Bill Rozmestor said. She passed out while heading Down a Hill and her car went out of control. Another Driver Vised his ear to Stop the runaway vehicle. A blood clot had lodged in her heart and slopped it from beating her husband said. Lack of oxygen caused swelling of the brain and she went into a  due tax refund by irs easier to find than claimed Greensboro . Apr it took a newspaper 10 minutes and two Telephone Calls to do what the internal Revenue service said it  a find Paul Fidishun. The Agency owed him a tax refund of More than $300 from 1990 but said he  be located. After seeing an irs news release listing Fidishun and 1,068 other North Carolina residents owed refunds the Greensboro news amp record decided thursday to see just How hard it would be to find hard to Lind Fidishun. Fidishun who the irs said lived in Julian was listed in a 1989 Telephone direct a Call to the Julian number showed Fidishun had moved. The next Call went to the first of Only two Fidishun in the Greensboro Telephone director. Fidishun smother answered. Yes. She would be Happy to Tell her son that the irs was looking for him. Other Federal tax refunds have found Fidishun in Greensboro. A we were wondering what happened to it a he said of his 1990 refund. What happens if the Paul Fidishun Aren t found after three years the Federal government gets to keep the Money. Why can to the irs find hard to find taxpayers Many taxpayers get married and change names irs spokeswoman Barbara Albright said. Fidishun had t. Taxpayers move and Don t provide the irs with a new address she said. Fidishun a other Federal tax refunds found him in Greensboro. Sometimes Albright said taxpayers done to clearly print names and addresses on tax forms. Or they accidentally transpose numbers. Is that Why Fidishun did t get High a it fund the irs Wasny to sure  
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