Overview
What is The Goldman Sachs Charitable Gift Fund?
The Goldman Sachs Charitable Gift Fund, also known as Goldman Sachs Gives, is a donor-advised fund established for current and retired senior employees of Goldman Sachs. Located in New York City, the organization operates as a sponsoring organization under the Internal Revenue Code and maintains donor-advised accounts. Donors and donor advisors can recommend grants to eligible charitable organizations, with a focus on fostering innovative ideas, addressing economic and social issues, and promoting progress in underserved communities globally. For the fiscal year ending June 30, 2021, Goldman Sachs Gives made approximately 8,400 grants, amounting to $250 million, with around $63 million allocated for need-based scholarships, financial aid, and educational programs.
Official website here: www.goldmansachs.com/citizenship/goldman-sachs-gives
What are the reviews and ratings of this charity?
Charity Navigator rates The Goldman Sachs Charitable Gift Fund with an 87%, resulting in a Three-Star out of Four Star rating. This score reflects an emphasis on Accountability and Finance, where the organization scored highly, indicating strong financial health and responsible governance practices.
The organization demonstrates commendable governance with a fully independent board and no material diversions of assets. It maintains transparency through listed policies related to conflicts of interest, whistleblower protections, and document retention, which further enhances its credibility. Additionally, an impressive program expense ratio suggests that a substantial portion of its funds is allocated directly to charitable activities.
However, the fundraising efficiency ratio appears low, indicating that it may require a significant amount of resources to generate donations. Despite this, the charity's overall financial structure, including a low liabilities to assets ratio and robust working capital, suggests a stable foundation for continuing its philanthropic efforts.
This AI summary has been generated from information found on Charity Navigator.
Is The Goldman Sachs Charitable Gift Fund legitimate?
The Goldman Sachs Charitable Gift Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Goldman Sachs Charitable Gift Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Official website here: www.goldmansachs.com/citizenship/goldman-sachs-gives
What is the mission statement of The Goldman Sachs Charitable Gift Fund?
The Goldman Sachs Charitable Gift Fund, also known as Goldman Sachs Gives, serves as a donor-advised fund open to current and retired senior employees of Goldman Sachs. Goldman Sachs Gives maintains donor-advised accounts from which donors and their advisors can recommend grants to eligible charitable organizations. The fund is dedicated to fostering innovative ideas, addressing economic and social issues, and promoting progress in underserved communities worldwide. Goldman Sachs Gives supports initiatives that aim to create sustainable solutions and bring about positive change.
Official website here: www.goldmansachs.com/citizenship/goldman-sachs-gives
Who is the CEO of The Goldman Sachs Charitable Gift Fund?
Anne H Black is the President of The Goldman Sachs Charitable Gift Fund.
Official website here: www.goldmansachs.com/citizenship/goldman-sachs-gives
What is the revenue of The Goldman Sachs Charitable Gift Fund?
The Goldman Sachs Charitable Gift Fund's revenue in 2022 was $257,164,151.
Official website here: www.goldmansachs.com/citizenship/goldman-sachs-gives
Who are the executives of The Goldman Sachs Charitable Gift Fund and what are their salaries?
There 14 volunteers at The Goldman Sachs Charitable Gift Fund.
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Official website here: www.goldmansachs.com/citizenship/goldman-sachs-gives
Where can I find the form 990 for The Goldman Sachs Charitable Gift Fund?
The Goldman Sachs Charitable Gift Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goldmansachs.com/citizenship/goldman-sachs-gives
Learn more at the official website: www.goldmansachs.com/citizenship/goldman-sachs-gives
Mission Statement of The Goldman Sachs Charitable Gift Fund
The Goldman Sachs Charitable Gift Fund, commonly known as Goldman Sachs Gives, is a donor-advised fund open to current and retired senior employees of Goldman Sachs. This philanthropic organization manages donor-advised accounts, enabling donors and their advisors to suggest grants to eligible charitable organizations. Goldman Sachs Gives is dedicated to fostering innovative ideas, addressing economic and social issues, and facilitating progress in underserved communities around the world. By providing a platform for charitable giving, Goldman Sachs Gives empowers its donors to make a significant impact on various causes they are passionate about. Through its commitment to fostering creativity and enabling progress, the fund aims to make a meaningful difference in the lives of people and communities in need.
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Impact
October, 2024
The Goldman Sachs Charitable Gift Fund significantly impacts various communities by facilitating the charitable giving of current and retired senior employees of Goldman Sachs through its donor-advised fund program. By maintaining donor-advised accounts, it empowers individuals to recommend grants to a wide range of qualified charitable organizations, focusing on innovative solutions to social and economic challenges.
In the fiscal year ending June 30, 2021, the fund made approximately 8,400 grants totaling $250 million, showcasing a robust commitment to philanthropy. A notable portion of this giving—around $63 million—was allocated exclusively for need-based scholarships, financial aid, and educational programs, further underscoring its emphasis on enhancing educational opportunities and addressing the needs of underserved communities globally.
By fostering such philanthropic activities, the Goldman Sachs Charitable Gift Fund not only drives funding toward essential initiatives but also encourages a culture of giving among its contributors, ultimately enabling meaningful progress and positive change within various sectors.
This information is meant to be a general summary of The Goldman Sachs Charitable Gift Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,447,129
- Gross Receipts: $901,523,620
Assets and Liabilities:
- Total Assets: $647,108,972
- Total Liabilities: $6,843,415
- Net Assets: $640,265,557
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Organization Details
Founding Year
2007
Phone
(212) 902-4223Principal Officer
Anne H Black
Main Address
200 WEST STREET 29TH FLOOR, NEW YORK, NY, 10282
NTEE Category
Code: T30 - Philanthropy
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