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©AP / Bruce Springsteen and Jon Bon Jovi
© AP / Bruce Springsteen and Jon Bon Jovi
Proceeds of storm relief concert go to NJ, NY, Conn.

NEW YORK (AP) -- The Robin Hood Foundation says it is beginning to distribute $50 million in proceeds from last week's benefit concert to organizations helping victims of Superstorm Sandy.

Bing: 12-12-12 concert highlights

Madison Square Garden spokeswoman Michelle Isaacs said Wednesday the money was raised through ticket sales, merchandising and charitable auctions at the Dec. 12 show, which featured Paul McCartney, Bruce Springsteen and the Rolling Stones. More revenue is expected to come in.

Robin Hood says it is distributing roughly 40 percent of the money to organizations based in New Jersey, with the rest in New York and Connecticut.

The devastating storm tore into the New York metropolitan region on Oct. 29.

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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