SOURCE: UJA-Federation of New York

UJA-Federation of New York

December 16, 2009 19:00 ET

$19 Million Raised at UJA-Federation of New York's Wall Street Dinner Honoring John A. Paulson and Marc S. Lipschultz

Unparalleled Fundraising Despite Tumultuous Economic Times

NEW YORK, NY--(Marketwire - December 16, 2009) - More than 1,000 financial professionals, prominent business leaders, and philanthropists honored John A. Paulson, president of Paulson & Co., and Marc S. Lipschultz, member of Kohlberg Kravis Roberts & Co., at UJA-Federation of New York's Wall Street Dinner, held at the New York Hilton on December 16, 2009, in New York City. UJA-Federation of New York's Wall Street and Financial Services Division demonstrated their unwavering generosity and dedication to supporting the needs of the most vulnerable by raising a staggering $19 million, an increase from last year's $18.8 million raised.

"The Wall Street community has always modeled philanthropic responsibility," said John S. Ruskay, executive vice president & CEO of UJA-Federation. "In these uncertain times, donors want to know that their dollars are reaching people in need and making an impact when and where it matters most. UJA-Federation is helping people across the economic spectrum -- including members of the Wall Street community who may have lost jobs -- through such programs as UJA-Federation's Connect to Care, successfully connecting more than 10,000 people newly affected by the economy with unemployment, legal, and counseling services through our network of agencies."

David Faber, anchor and chief investigative correspondent at CNBC, was master of ceremonies and David Brooks, columnist at The New York Times, was the guest speaker.

Alan C. Greenberg, vice chairman emeritus of JP Morgan Chase & Co., presented Paulson with The Gustave L. Levy Award. Considered a pre-eminent honor in the industry, this award recognizes a leader in the Wall Street community for both exceptional professional achievement and an enduring commitment to UJA-Federation. Previous honorees include Gary D. Cohn, Richard A. Friedman, Daniel S. Och, Morris W. Offit, Michael Minikes, Leon M. Wagner, and Jeffrey B. Lane.

Henry R. Kravis, co-founding member of Kohlberg Kravis Roberts & Co., presented Lipschultz with The Wall Street Young Leadership Award, which recognizes a young professional who demonstrates exemplary leadership, a steadfast commitment to the community, and continued generosity to UJA-Federation. Previous honorees include Jonathan M Harris, Larry Robbins, Scott S. Prince, Alexandra Lebenthal, Ricky Sandler, Jeffrey L. Verschleiser, and Stephen J. Girsky.

This historic event has been transformed into a dynamic gathering, attracting both the "Titans of Wall Street" and the future leadership of the financial industry. For the first time, the Wall Street Dinner introduced cutting-edge text-to-pledge technology, allowing attendees to instantly text-message contributions from their phones to be broadcast in real time on multiple screens in the event space.

In response to the national call to action for Americans to volunteer, organizers promoted Wall Street Cares, an initiative created last year that presents an opportunity for attendees to enroll in a volunteer service program at a number of UJA-Federation's health, human-service, educational, and community beneficiary agencies. Those who registered to volunteer will be matched up with prominent members of The Wall Street community for service assignments, giving them an opportunity to give back to their communities while developing relationships.

Keeping with the theme of giving back, approximately 100 seats valued at $350 were donated to unemployed finance professionals and business-school students from throughout the metropolitan area that are affiliated with The Wall Street Division's Business School Initiative.

Philanthropists and business leaders who saluted the honorees included dinner chairs Gary D. Cohn, president and chief operating officer of The Goldman Sachs Group, Inc.; Alan C. Greenberg, vice chairman emeritus of JP Morgan Chase & Co.; and Henry R. Kravis, co-founding member of Kohlberg Kravis Roberts & Co.; along with journal chairs Michael A. Karsch, founder of Karsch Capital Management, LP.; Kenneth B. Mehlman, managing director of Kohlberg Kravis Roberts & Co.; Daniel S. Och, chief executive officer of Och-Ziff Capital Management Group; Larry Robbins, chief executive officer of Glenview Capital Management; Edward O. Sassower, partner at Kirkland & Ellis LLP; and Curtis Schenker, chief executive officer of Scoggin Capital Management L.P.

About UJA-Federation of New York

The world's largest local philanthropy, UJA-Federation of New York cares for those in need, rescues those in harm's way, and renews and strengthens the Jewish people in New York, in Israel, and around the world. Funds raised by UJA-Federation sustain the activities of more than 100 health, human-service, educational, and community agencies. Every day, these community-based organizations provide a multitude of services that improve and enhance people's lives. For more information, visit

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