StubHub to Donate $1 Million to the Robin Hood Relief Fund From Secondary Ticket Sales of 12.12.12 T
Dec 14th 2012 2:50AM
Updated Dec 14th 2012 3:04AM
StubHub to Donate $1 Million to the Robin Hood Relief Fund From Secondary Ticket Sales of 12.12.12 The Concert for Sandy Relief
SAN FRANCISCO--(BUSINESS WIRE)-- StubHub, the world's largest ticket marketplace, announced today it has raised $1 million for the Robin Hood Relief Fund through secondary sales of tickets to "12.12.12" the Concert for Sandy Relief. Last month, StubHub announced it would donate all its profits from the 12.12.12. event to the charity—100% of all its fees and commissions—and today the company announced it would round up that figure to $1 million.
"I would like to thank StubHub for their generous support of the Robin Hood Relief Fund," said David Saltzman, executive director of Robin Hood. "Every penny of this contribution will go to relief organizations in the hardest hit areas that are helping victims of Hurricane Sandy rebuild their lives."
"We want to thank all of the fans who bought or sold tickets to '12.12.12', helping to raise an additional $1 million on top of the funds raised through initial ticket sales," said Chris Tsakalakis, president of StubHub. "Sandy's impact was felt far and wide, including among many of our customers. We are happy to have provided them a way to purchase tickets while keeping with the primary goal of the concert: to help the victims of Hurricane Sandy."
In addition to StubHub's $1 million donation, StubHub's parent company eBay Inc. earlier this week announced its platforms have enabled more than $10 million in support of Sandy relief efforts to date.
Founded in 1988, Robin Hood is New York's largest poverty-fighting organization. The Robin Hood Relief Fund is providing money, material and know-how to organizations that are serving families and individuals in the regions hardest hit by Hurricane Sandy. Robin Hood's Relief Fund has already granted $14.8 million to more than 140 organizations throughout the tri-state area.
12.12.12 The Concert for Sandy Relief (http://www.121212concert.org), was held on December 12 at Madison Square Garden and broadcast globally. To donate to The Robin Hood Relief Fund please visit www.robinhood.org/rhsandy.
StubHub is the world's largest ticket marketplace, enabling fans to buy and sell tickets to tens of thousands of sports, concert, theater and other live entertainment events. StubHub reinvented the ticket resale market in 2000 and continues to lead it through innovation. The company's unique online marketplace, dedicated solely to tickets, provides all fans the choice to buy or sell their tickets in a safe, convenient and highly reliable environment. All transactions are processed and delivered by StubHub and backed by the company's FanProtect Guarantee™. Company partners include the San Francisco Giants and University of Texas, along with over 60 teams in the NFL, MLB, NBA, NHL and NCAA, complemented with companies such as ESPN, Tickets.com, and Paciolan.
Glenn Lehrman, 415-222-8517
KEYWORDS: United States North America California New York
The article StubHub to Donate $1 Million to the Robin Hood Relief Fund From Secondary Ticket Sales of 12.12.12 The Concert for Sandy Relief originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.