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Mr. Rubenstein, Co-Founder and Co-Chief Executive Officer of The Carlyle Group, will be presented this award in recognition of his work as an active and exemplary philanthropist.

Over the course of his impressive career, Mr. Rubenstein has pursued a number of diverse philanthropic endeavors. He is the Chairman of the John F. Kennedy Center for the Performing Arts, a Regent of the Smithsonian Institution, President of the Economic Club of Washington and on the Boards of Directors or Trustees of Duke University (Vice Chair), the University of Chicago, the Brookings Institution (Vice Chair), the Council on Foreign Relations (Vice Chair) and the Institute for Advanced Study. Mr. Rubenstein, who is based in Washington, D.C., is also a signatory of The Giving Pledge, an endeavor founded by Warren Buffett and Bill Gates, through which he has committed to donating the majority of his wealth to philanthropy.

Upon receiving the award, Mr. Rubenstein will join a prominent list of past U.S. Effecting Change honorees that includes Hillary Rodham Clinton, George Soros, Ray Chambers, Gary Cohn, Carl Icahn, Julian Robertson, Robert Rubin, Jessica Palmer, Ken Langone, Joel Klein, T. Boone Pickens and Peter G. Peterson.

Commenting on the award, Mimi Drake, Chair of 100WHF, said: "We are delighted to honor David Rubenstein with the Effecting Change Award this year for his many professional and philanthropic accomplishments. Through his activities with numerous educational, artistic and historical organizations, David has demonstrated the importance of educating America's youth as well as his dedication to helping others achieve success. In particular, his commitment to The Giving Pledge will ensure that his impact is felt by many generations to come."

A former attorney, Mr. Rubenstein practiced with Paul, Weiss, Rifkind, Wharton & Garrison from 1973-1975. From 1975-1976 he served as Chief Counsel to the U.S. Senate Judiciary Committee's Subcommittee on Constitutional Amendments, and during the Carter Administration, Mr. Rubenstein was Deputy Assistant to the President for Domestic Policy. Following his White House service, Mr. Rubenstein practiced law in Washington, D.C. with Shaw, Pittman, Potts & Trowbridge (now Pillsbury, Winthrop, Shaw Pittman). Mr. Rubenstein graduated Phi Beta Kappa from Duke University and is a graduate of The University of Chicago Law School, where he was an editor of the Law Review. Since co-founding The Carlyle Group in 1987, the firm's has grown into an institution managing more than $160 billion with 36 offices around the world.

Proceeds from the New York Gala and other U.S. fundraising will support DonorsChoose.org.

For more information visit us at: www.100womeninhedgefunds.org/pages/ny_gala_2012

To purchase a table or tickets please email: gala@100womeninhedgefunds.org

(press release)

About 100 Women in Hedge Funds 100 Women in Hedge Funds is a global, practitioner-driven non-profit organization serving over 10,000 alternative investment management investors and professionals through educational, professional leverage and philanthropic initiatives. Formed in 2001, 100 Women in Hedge Funds has hosted more than 300 events globally, connected more than 250 senior women through Peer Advisory Groups and raised over $25 million for philanthropic causes in the areas of women's and family health, education and mentoring. www.100womeninhedgefunds.org

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