Goldman Sachs Charitable Gift Fund
- Assets
- $647.1m
- Revenue
- $257.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2008
- Data as of
- 06/2022
- EIN
- 11-3813663
Organization 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. Goldman Sachs Gives 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 06/2022, Goldman Sachs Gives generated $257.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $250.7m during the year ending 06/2022. While expenses have increased by 8.5% per year over the past 7 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 9,782 individual grants totaling $768,579,933. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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, 2021, THE ORGANIZATION MADE APPROXIMATELY 8,400 GRANTS TOTALING $250 MILLION; APPROXIMATELY $63 MILLION WAS MADE EXCLUSIVELY FOR NEED BASED SCHOLARSHIPS, FINANCIAL AID AND OTHER EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd C Blankfein Chairman/director | OfficerTrustee | 0.5 | $0 |
Muneer A Satter Vice Chair/director | OfficerTrustee | 0.5 | $0 |
Emmett C St John Treasurer/cfo | Officer | 5.25 | $0 |
Kenneth R Sheinman Assistant Treasurer | Officer | 1.5 | $0 |
Benjamin J Rader General Counsel & Asst. Secretary | Officer | 4.75 | $0 |
Anne H Black President | Officer | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stellar Technology Solutions Llc Information Technology | 6/29/22 | $157,430 |
Pricewaterhousecoopers Llp Audit Services | 6/29/22 | $134,215 |
Charities Aid Foundation America Grant Administration | 6/29/22 | $217,277 |
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 | $246,717,022 |
| Noncash contributions included in lines 1a–1f | $214,247,359 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,717,022 |
| Total Program Service Revenue | $0 |
| Investment income | $4,432,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,014,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $257,164,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $229,445,757 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,413,203 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,889 |
| Fees for services: Accounting | $234,858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $132,898 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $53,353 |
| All other expenses | $0 |
| Total functional expenses | $250,686,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $286,113 |
| Pledges and grants receivable | $26,502,927 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $617,837,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,482,767 |
| Total assets | $647,108,972 |
| Accounts payable and accrued expenses | $593,415 |
| Grants payable | $6,250,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,843,415 |
| Net assets without donor restrictions | $640,265,557 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $647,108,972 |
Grants Awarded
Over the last fiscal year, Goldman Sachs Charitable Gift Fund has awarded $225,350,721 in support to 2,488 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $3,682,250 |
New Haven, CT PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $3,317,054 |
New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $3,153,390 |
Lawrenceville, NJ PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $2,475,000 |
New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $2,341,678 |
Durham, NC PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $2,241,878 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Goldman Sachs Charitable Gift Fund has recieved totaling $405,219.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $200,000 |
The Jpb Foundation New York, NY PURPOSE: THE ROMINGER FAMILY FUND | $100,000 |
Robert M Conway Foundation New York, NY PURPOSE: GENERAL SUPPORT | $78,505 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $15,198 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $9,522 |
Robert M Conway Foundation New York, NY PURPOSE: GENERAL SUPPORT | $1,246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goldman Sachs Charitable Gift Fund New York, NY | $647,108,972 | $257,164,151 |
Ayco Charitable Foundation Cohoes, NY | $1,031,597,000 | $377,221,382 |
Mother Cabrini Health Foundation New York, NY | $4,041,149,647 | $113,675,567 |
Kars 4 Kids Inc Lakewood, NJ | $38,564,876 | $109,657,696 |
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |