The Goldman Sachs Foundation is a New York-based private foundation and subsidiary of the financial services firm Goldman Sachs. Established in 1999 with an initial asset base of $200 million, the Foundation operates as one of the world's largest corporate foundations. It functions as the philanthropic arm of Goldman Sachs, focusing on local economic growth and opportunity through investments in entrepreneurship, education, and health globally.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$690.5M
+6.5% YoY
Annual Giving
$40.3M
-10.2% YoY
Grant Count
42
-55.3% YoY
Avg Grant Size
$960K
+100.9% YoY
Under IRS private-foundation payout rules, The Goldman Sachs Foundation reported a distributable amount of $31.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Foundation's mission centers on bettering humanity worldwide, with particular emphasis on health and education. The Foundation's principal philanthropic initiatives are:
10,000 Women — Fosters shared economic growth by providing 10,000 underserved women around the world with business and management education, mentoring and networking, and access to capital. The Foundation awards grants to business schools and universities in the United States, Europe, business schools in developing and emerging economies, and research and development organizations.
10,000 Small Businesses — Helps entrepreneurs create jobs and economic opportunity through access to education, capital, and business support services. The Foundation awards grants to community colleges, universities, and community and business development organizations.
Grantmaking
Between 2008 and 2013, the Foundation distributed approximately $1.6 billion in grants.
Grant Range
s & Activity:**
Average Grant
$453,000–$477,713
How to Apply
**
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Geographic Focus
Where this funder awards grants
- 10,000 Women: Global reach, with focus on developing and emerging economies
- 10,000 Small Businesses: National focus within the United States
- Community Development: Local focus in New York City, New Jersey, and Utah
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Current Assets & Revenue (2024):
- Total assets: $690 million
- Revenue: $96 million
- Expenses: $45.5 million
- Total liabilities: $45.7 million
Prior Year Data (2023):
- Fair market value of assets: $648.2 million
Tax Status:
- EIN: 31-1678646
- Tax-exempt since December 1999
- Designated as 501(c)(3) organization
- Category: Corporate Foundations (NTEE code T21)
- Required to file Form 990-PF
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $690,470,487 | $648,213,335 | $631,430,612 |
| Revenue | $95,978,727 | $-1,397,309 | $19,228,494 |
| Expenses | $45,451,305 | $57,878,286 | $81,981,813 |
| Qualifying Distributions | $51,002,812 | $53,515,798 | $76,390,669 |
| Net Investment Income | $65,047,242 | $7,182,816 | $8,300,374 |
| Distributable Amount | $31,569,247 | $30,507,929 | $33,114,258 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
242 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jumpstart Inc ($4,330,195), University of Oxford ($3,348,721), New York University Stern School of Business ($3,339,402).
| Recipient | Purpose | Amount |
|---|---|---|
| BABSON COLLEGE BABSON PARK, MA | GRANT TO MANAGE AND PROVIDE OVERSIGHT OF PROGRAM DELIVERY AND THE 10,000 SMALL BUSINESSES NATIONAL CURRICULUM ACROSS ALL LOCAL PARTNERS. | $3,188,516 |
| BISMARCK STATE COLLEGE BISMARCK, ND | GRANT TO IMPLEMENT 10,000 SMALL BUSINESSES IN NORTH DAKOTA. | $551,442 |
| BRIDGEVALLEY COMMUNITY & TECHNICAL COLLEGE SOUTH CHARLESTON, WV | GRANT TO IMPLEMENT 10,000 SMALL BUSINESSES IN WEST VIRGINIA | $235,414 |
| BROOKLYN PUBLIC LIBRARY FOUNDATION BROOKLYN, NY | GRANT TO IMPLEMENT ONE MILLION BLACK WOMEN IN NEW YORK. | $250,000 |
| CINCINNATI STATE TECHNICAL AND COMMUNITY COLLEGE FOUNDATION CINCINNATI, OH | GRANT TO SUPPORT THE IMPLEMENTATION OF THE 10,000 SMALL BUSINESSES INITIATIVE IN OHIO. | $494,208 |
| CITY COLLEGES OF CHICAGO CHICAGO, IL | GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE IN THE GREATER CHICAGO AREA. | $584,057 |
| COLUMBUS STATE COMMUNITY COLLEGE DEVELOPMENT FOUNDATION INC COLUMBUS, OH | GRANT TO SUPPORT THE IMPLEMENTATION OF THE 10,000 SMALL BUSINESS INITIATIVE IN OHIO. | $411,025 |
| COMMUNITY COLLEGE OF BALTIMORE COUNTY FOUNDATION BALTIMORE, MD | GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE IN BALTIMORE COUNTY, MD. | $365,708 |
| COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATION PHILADELPHIA, PA | GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE IN THE GREATER PHILADELPHIA AREA. | $846,685 |
| COMMUNITY COLLEGE OF RHODE ISLAND WARWICK, RI | GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE IN THE STATE RHODE ISLAND. | $1,173,804 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Chairman and CEO: John F. W. Rogers
- President: Asahi Pompey
- Board Directors: Peter M. Fahey, Lawton Fitt, Robert J. Katz
The Foundation's initial president, serving through January 2010, was Stephanie Bell-Rose, who came from a background with the Andrew W. Mellon Foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN F W ROGERS | DIRECTOR | 1 | — |
| MUNEER SATTER | DIRECTOR | 1 | — |
| LAWTON FITT | DIRECTOR | 0.5 | — |
| ROBERT J KATZ | DIRECTOR | 0.5 | — |
| DAVID J GREENWALD | DIRECTOR | 0.5 | — |
| ASAHI POMPEY | PRESIDENT | 2 | — |
| BENJAMIN J RADER | GENERAL COUNSEL AND SECRETARY | 12 | — |
| EMMETT C ST JOHN | TREASURER AND CHIEF FINANCIAL OFFICER | 10 | — |
| CHARLOTTE KEENAN | VICE PRESIDENT | 32 | — |
| THOMAS MORIN | VICE PRESIDENT | 35 | — |
| JESSICA TAYLOR | VICE PRESIDENT | 32 | — |
| ANNE WELLDE | VICE PRESIDENT | 36 | — |
Recent News & Activity
Recent developments and announcements
The Foundation has announced major grants to groundbreaking programs and continues active grantmaking through its signature initiatives. Recent activity includes the Goldman Sachs Analyst Impact Fund, which awarded $250,000 in charitable grants, and support for career readiness programs in New York City through partnerships focused on food education and workforce development.
Goldman Sachs One Million Black Women: Black in Business 2026 ...The Foundation also launched the One Million Black Women initiative, demonstrating expansion of its commitment to economic opportunity for underrepresented populations.
Goldman Sachs One Million Black Women: Black in Business 2026 ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Goldman Sachs Foundation fund?
The Foundation's mission centers on bettering humanity worldwide, with particular emphasis on health and education. The Foundation's principal philanthropic initiatives are: **10,000 Women** — Fosters shared economic growth by providing 10,000 underserved women around the world with business and management education, mentoring and networking, and access to capital. The Foundation awards grants to business schools and universities in the United States, Europe, business schools in developing and …
How do I apply for a grant from The Goldman Sachs Foundation?
**Grant Sizes & Activity:** • Annual giving: $55.2 million (2022) • Total assets: $648 million (2023) • Average grant size: $453,000–$477,713 • Median grant size: $125,000 • Grant range: $25,000–$300,000+ • Number of grants: 98 (recent year) **Application Process:** • 10,000 Women and 10,000 Small Businesses have specific programs with open applications through regional partner institutions • Foundation grants are by invitation only • Community Development Grants: gs-cd-grants@gs.com • Typical …
Where does The Goldman Sachs Foundation make grants?
• **10,000 Women:** Global reach, with focus on developing and emerging economies • **10,000 Small Businesses:** National focus within the United States • **Community Development:** Local focus in New York City, New Jersey, and Utah
What size grants does The Goldman Sachs Foundation award?
In 2024, The Goldman Sachs Foundation awarded 42 grants totaling $40.3M — an average of about $960K per grant, based on its IRS Form 990 filings.
How much is The Goldman Sachs Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Goldman Sachs Foundation reported a distributable amount of $31.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Goldman Sachs Foundation's EIN?
The Goldman Sachs Foundation's EIN (Employer Identification Number) is 31-1678646. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Goldman Sachs Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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