NEW YORK (HedgeWorld.com)–Less than one year old, 100 Women in Hedge Funds is set to make its philanthropic mark in the industry joining the likes of organizations such as The Robin Hood Foundation and Hedge Funds Care.

Primarily set up as a networking and educational organization for women in the hedge fund industry, the group is planning its one-year anniversary gala and a benefit to raise money for breast cancer research in conjunction with New York University.

“We’ve gained so much momentum and success in the last year and with that success comes responsibility,” said Carol Kim of Continuity Funds, one of the event’s organizers.

The event will be held in New York City on Dec. 2. It will include celebrity guests, a silent auction and other entertainment. At least 500 people are expected to attend the black tie event.

Proceeds will go to the NYU Cancer Institute, which conducts clinical research in finding a cure for breast cancer. Ms. Kim said the cause was chosen because the disease has personally touched a number of women in the industry group. The organization’s membership now spans 19 countries and totals 900 women. For more information on the fundraising event contact Ms. Kim at ckim@100womeninhedgefunds.org.