Goldman Sachs Foundation
- Assets
- $594.0m
- Revenue
- $30.8m
- Investments
- $567.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1999
- Data as of
- 12/2019
- 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.
For the year ending 12/2019, Goldman Sachs Foundation generated $30.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $34.9m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Goldman Sachs Foundation has awarded 49 individual grants totaling $65,697,989. 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 |
|---|---|---|---|
Emmett C St John Treasurer And CFO | 4 | $0 | |
Charlotte Keenan Vice President | 30 | $0 | |
Thomas Morin Vice President | 20 | $0 | |
Asahi Pompey - From February 12 201 President | 1 | $0 | |
Robert J Katz Director | 0.5 | $0 | |
John F W Rogers Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coursera | 12/30/19 | $937,500 |
Blenderbox | 12/30/19 | $205,800 |
Kroll Inc | 12/30/19 | $1,791,234 |
Exiger Diligence Inc | 12/30/19 | $1,243,213 |
Mt Global Strategies | 12/30/19 | $368,197 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $171,000 |
| Interest on Savings | $4,386,559 |
| Dividends & Interest | $7,028,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,887,392 |
| Capital Gain Net Income | $17,360,627 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$686,050 |
| Total Revenue | $30,787,463 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $499,330 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $145,219 |
| Total operating and administrative expenses | $8,993,748 |
| Contributions, gifts, grants paid | $25,901,886 |
| Total expenses and disbursements | $34,895,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,451,385 |
| 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 | $311,180,905 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,715,952 |
| Total assets | $593,971,382 |
| Accounts payable and accrued expenses | $860,277 |
| Grants payable | $33,933,883 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,569,316 |
| Total liabilities | $36,363,476 |
Grants Awarded
Over the last fiscal year, Goldman Sachs Foundation has awarded $65,697,989 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL FINANCE CORPORATION PURPOSE: GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE | $21,181,349 |
INTERNATIONAL FINANCE CORPORATION PURPOSE: GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE | $5,000,000 |
INTERNATIONAL FINANCE CORPORATION PURPOSE: GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE | $4,173,707 |
UNIVERSITY OF OXFORD PURPOSE: GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE IN THE UK | $3,703,984 |
UNIVERSITY OF LEEDS PURPOSE: GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE | $2,282,175 |
Babson Park, MA PURPOSE: GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE | $1,948,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,061,058,911 | $67,126,419 |
Clark Foundation New York, NY | $474,828,323 | $16,578,389 |
John A Hartford Foundation New York, NY | $603,088,117 | $22,940,561 |
Phillip And Susan Ragon Foundation Cambridge, MA | $199,140,850 | $3,803,609 |
Goldman Sachs Foundation New York, NY | $593,971,382 | $30,787,463 |
Massmutual Foundation Inc Springfield, MA | $30,226,146 | $32,040,776 |
Oneworld Boston Inc Woburn, MA | $228,169,273 | $9,602,715 |
Zimmer Family Foundation Inc Saddle River, NJ | $0 | $24,739,608 |
Foundation For Opioid Response Efforts New York, NY | $89,893,638 | $3,314,751 |
Blackstone Charitable Foundation New York, NY | $0 | $5,317,902 |
Cullen Foundation Buffalo, NY | $104,108,484 | $4,721,956 |
Deloitte Foundation Stamford, CT | $28,983,661 | $11,171,667 |