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Since 1988, the Robin Hood foundation has targeted poverty by applying sound investments and philanthropy to over 240 programs in New York City. Each year, the foundation throws one of the biggest charity galas of the year and promises a star-studded event rife with Hollywood celebrities, Wall Street tycoons, and philanthropic heroes.

This year the gala, supported by the foundation’s board (which includes Diane Sawyer, Gweneth Paltrow, and Richard Fuld, formerly of Lehman Brothers), featured performances by Lady Gaga and Fergie of the band Black Eyed Peas and raised $47.4 million. Almost $12 million of what the event raised, will be awarded to a new initiative by Robbin Hood to assist veterans living in New York City poverty.

Over 22 million americans are veterans and 240,000 live in New York City, according to the Foundation. Robin Hood will use these funds to work with federal, state, and local agencies that assist veterans with the housing, job-training, and health services they need.

The event was simulcast, from the Jacob Javits Convention Center, on Facebook where viewers could vote for five charities that work with impoverished youth in the city, to receive $1 million in assistance. With over a million votes cast, Lady Gaga announced during the event, the winning organization was SCO Family of Services, who provide services for New York City’s homeless and LGBTQ youth.

For more information on the foundation and its new veterans services initiative, visit www.robinhood.org