Goldman Sachs Foundation
- Assets
- $631.4m
- Revenue
- $19.2m
- Investments
- $564.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 31-1678646
Organization Overview
Goldman Sachs Foundation is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goldman Sachs Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Goldman Sachs Foundation generated $19.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $82.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Goldman Sachs Foundation has awarded 388 individual grants totaling $292,910,541. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter M Fahey Through 112622 Director | 0.5 | $0 | |
Lawton Fitt Director | 0.5 | $0 | |
Robert J Katz Director | 0.5 | $0 | |
John F W Rogers Director | 1 | $0 | |
Muneer Satter Director | 1 | $0 | |
Benjamin J Rader General Counsel And Secretary | 12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Protocol | 12/30/22 | $6,005,287 |
Jack Morton Worldwide Inc | 12/30/22 | $1,793,733 |
Factiva (A Dow Jones Company) | 12/30/22 | $1,377,225 |
Duggal Visual Solutions Inc | 12/30/22 | $543,334 |
Kroll Inc | 12/30/22 | $971,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $230,500 |
| Interest on Savings | $3,014,316 |
| Dividends & Interest | $10,048,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,469,101 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $466,265 |
| Total Revenue | $19,228,494 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $329,538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,438,240 |
| Printing and publications | $0 |
| Other expenses | $4,451 |
| Total operating and administrative expenses | $24,777,459 |
| Contributions, gifts, grants paid | $57,204,354 |
| Total expenses and disbursements | $81,981,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,816,555 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $415,538,769 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,491,693 |
| Total assets | $631,430,612 |
| Accounts payable and accrued expenses | $1,900,388 |
| Grants payable | $30,632,272 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $20,268,486 |
| Total liabilities | $52,801,146 |
Grants Awarded
Over the last fiscal year, Goldman Sachs Foundation has awarded $85,853,083 in support to 174 organizations.
| Grant Recipient | Amount |
|---|---|
ACCELERATE 500 INC PURPOSE: GRANT TO IMPLEMENT ONE MILLION BLACK WOMEN FOR BLACK IN BUSINESS NATIONWIDE. | $1,867,800 |
BABSON COLLEGE PURPOSE: GRANT TO MANAGE AND PROVIDE OVERSIGHT OF PROGRAM DELIVERY AND THE 10,000 SMALL BUSINESSES NATIONAL CURRICULUM ACROSS ALL LOCAL PARTNERS. | $3,371,606 |
AURORA ST ANTHONY NEIGHBORHOOD DEVELOPMENT CORPORATION PURPOSE: GRANT TO IMPLEMENT ONE MILLION BLACK WOMEN INITIATIVE IN MINNESOTA. | $100,000 |
BETHESDA CENTER FOR THE HOMELESS PURPOSE: GRANT TO IMPLEMENT ONE MILLION BLACK WOMEN INITIATIVE IN MARYLAND. | $125,000 |
BLACK GIRLS SMILE INC PURPOSE: GRANT TO IMPLEMENT ONE MILLION BLACK WOMEN INITIATIVE IN GEORGIA. | $50,000 |
BLACK GIRL HEALTH FOUNDATION PURPOSE: GRANT TO IMPLEMENT ONE MILLION BLACK WOMEN INITIATIVE IN MARYLAND. | $75,000 |