Goldman Sachs Charitable Gift Fund

Goldman Sachs Charitable Gift Fund Overview

Goldman Sachs Charitable Gift Fund, operating under the name Goldman Sachs Gives, is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public 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.

For the year ending 06/2020, Goldman Sachs Gives generated $263.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $179.7m during the year ending 06/2020. While expenses have increased by 4.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Goldman Sachs Gives has awarded 2,389 individual grants totaling $170,957,650. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE GOLDMAN SACHS CHARITABLE GIFT FUND ("GOLDMAN SACHS GIVES") IS A DONOR-ADVISED FUND AVAILABLE TO CURRENT AND RETIRED SENIOR EMPLOYEES OF GOLDMAN SACHS. GOLDMAN SACHS GIVES MAINTAINS DONOR ADVISED ACCOUNTS FROM WHICH DONORS AND DONOR ADVISORS CAN RECOMMEND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS. GOLDMAN SACHS GIVES IS COMMITTED TO FOSTERING INNOVATIVE IDEAS, SOLVING ECONOMIC AND SOCIAL ISSUES, AND ENABLING PROGRESS IN UNDERSERVED COMMUNITIES GLOBALLY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OTHE GOLDMAN SACHS CHARITABLE GIFT FUND ("GOLDMAN SACHS GIVES") ACCOMPLISHES ITS CHARITABLE PURPOSES BY RECEIVING CHARITABLE CONTRIBUTIONS AND MAKING GRANTS EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL OR RELIGIOUS PURPOSES, PRIMARILY TO ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). THE ORGANIZATION OPERATES AS A "SPONSORING ORGANIZATION" WITHIN THE MEANING OF CODE SECTION 4966 AND MAINTAINS DONOR ADVISED FUNDS. FOR THE FISCAL YEAR ENDING JUNE 30, 2020, THE ORGANIZATION MADE APPROXIMATELY 7,400 GRANTS TOTALING $179 MILLION; APPROXIMATELY $79 MILLION WAS MADE EXCLUSIVELY FOR NEED BASED SCHOLARSHIPS, FINANCIAL AID AND OTHER EDUCATIONAL PROGRAMS.


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Goldman Sachs Charitable Gift Fund Board, Officers & Key Employees

Goldman Sachs Charitable Gift Fund Vendors

Vendor Name (Service)Compensation
Charities Aid Foundation America
Grant Administration
$211,670
Stellar Technology Solutions Llc
Information Technology
$172,247
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$247,735,626
Noncash contributions included in lines 1a–1f $157,475,020
Total Revenue from Contributions, Gifts, Grants & Similar$247,735,626
Total Program Service Revenue$0
Investment income $8,750,040
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,170,946
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $263,656,612

Goldman Sachs Charitable Gift Fund Grants Awarded

Over the last fiscal year, Goldman Sachs Charitable Gift Fund has awarded $170,957,650 in support to 2,389 organizations.

Grant RecipientAmount

ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI

Org PageRecipient Profile

New York, NY

PURPOSE: DISASTER RELIEF

$6,146,000

MASSACHUSETTS INSTITUTE OF TECHNOLOGY

Org PageRecipient Profile

Cambridge, MA

PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC

$6,000,000

TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK

Org PageRecipient Profile

New York, NY

PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC

$3,853,950

NORTHWELL HEALTH FOUNDATION

Org PageRecipient Profile

Westbury, NY

PURPOSE: COVID RELIEF FUND

$1,910,919

Durham, NC

PURPOSE: SCHOLARSHIPS & FINANCIAL AID

$1,906,000

BROWN UNIVERSITY OF PROVIDENCE

Org PageRecipient Profile

Providence, RI

PURPOSE: SCHOLARSHIPS & FINANCIAL AID

$1,820,000
View Grant Profile

Goldman Sachs Charitable Gift Fund Grants Recieved

Over the last fiscal year, we have identified 1 grants that Goldman Sachs Charitable Gift Fund has recieved totaling $100,000.

Awarding OrganizationAmount
Jewish Communal Fund

New York, NY

PURPOSE: General support

$100,000
View Grant Recipient Profile

Goldman Sachs Charitable Gift Fund Peer Organizations

Organization NameAssets
Pew Charitable Trusts
Philadelphia, PA
$346,765,756
Ayco Charitable Foundation
Cohoes, NY
$265,174,809
Goldman Sachs Charitable Gift Fund
New York, NY
$263,656,612
Mother Cabrini Health Foundation
New York, NY
$547,285,904
Kars 4 Kids Inc
Lakewood, NJ
$95,691,338
Bny Mellon Charitable Gift Fund
Boston, MA
$114,515,572
Donors Fund Inc
Lakewood, NJ
$27,000,911
Roswell Park Alliance Foundation
Buffalo, NY
$26,518,336
Boston Charitable Trust Fund
Boston, MA
$31,296,432
Greater Hartford Community Foundation Inc
Hartford, CT
$19,831,812
Harlem Rbi Incorporated
New York, NY
$22,268,250
Freedom Fund
Brooklyn, NY
$16,398,424

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