In 1988, Paul Jones, a 32-year old money manager, started the philanthropic foundation Robin Hood with $3 million and the objective to fight poverty in New York. He invited two of his close friends, Peter Borish and Glenn Dubin, to serve as cofounders and recruited David Saltzman to join the staff. From its inception, Robin Hood applied the investment orientation of its founders to focus on poverty prevention by “funding…the best community-based groups and partnering with them to maximize results.” The foundation focused on four core program areas: (1) early childhood and youth, (2) education, (3) jobs and economic security, and (4) survival.