A portion of the night's proceeds went to Friends of the Orphans, a charity dedicated to improving the lives of disadvantaged children in Latin America and the Caribbean and now committed to helping the relief effort in Haiti.
While the cause for the event was indeed sobering, the tone was still optimistic. "I'm hoping we can make as much money as we possibly can tonight," Sarandon said.
"Friends of the Orphans has the only standing pediatric free hospital in Haiti right now. They are seeing 700 patients a day and are taking between 250 and 300 X-rays a day. They are also treating adults. Even donating just $10 can really help," the actress added.
Victoria's Secret model Selita Ebanks is doing her part to help out. "I've been texting so many times to make small donations," she told StyleList.
Amid the many ping-pong matches going on, revelers bid on fashion goodies such as a Zac Posen evening dress, a Tory Burch bag, two Marchesa dresses and a styling session with "Launch My Line's" Stefani Greenfield. The auction is still going on at Charity Folks, where you can bid on items until Jan. 27.
Other party-goers thoughts were on the seasons ahead -- both spring and fall.
Estée Lauder spokesmodel, Hilary Rhoda, fresh from a shopping spree on Bleecker street, where she bought the Adam Lippes blazer and Mulberry bag she was wearing, is counting the days until the warm weather. "I can't wait to start wearing all my light and gauzy pieces," the beauty told us.
"I am going down the Nile River a bit for inspiration," fashion designer Rachel Roy revealed to StyleList about the fall collection she'll be showing next month at New York Fashion Week.
Check out Modelinia's site to watch a replay of the live stream from the party. To make a donation to the charity, go to Modelinia's Facebook Cause Page.
And for more ways to help, check out how beauty brands are making a difference.