We created the Goldman Sachs Fund for Racial Equity to support the vital work of leading organizations addressing racial injustice, structural inequity and economic disparity. The fund launched with $10 million from Goldman Sachs Gives and builds upon more than $200 million Goldman Sachs has granted over the last decade to organizations serving communities of color. Most recently, as part of the Goldman Sachs COVID-19 Relief Fund, the firm deployed $17 million to organizations supporting relief efforts in communities of color.
The Fund for Racial Equity will support nonprofits across four key themes:
- Advancing Economic Progress
Promoting equal opportunities for communities of color, who face higher economic barriers to prosperity
- Legal & Criminal Justice Reform
Supporting organizations working to end harsh policies and racial inequities in the criminal justice system
- Fueling Social Change
Advocating for the end to structural inequality and racism to create a more just society
- Fostering Educational Opportunities
Improving educational outcomes for students of color and closing the achievement gap
We are proud and humbled to support these nonprofits:
Black Economic Alliance Foundation
Black Girls Code
Equal Justice Initiative
Know Your Rights Camp
My Brother's Keeper Alliance
NAACP Legal Defense and Educational Fund, Inc.
United Negro College Fund
In addition, Goldman Sachs employees donating to racial equity and social justice organizations will have their contributions matched by the firm dollar for dollar, and donations $25 and under will be matched three to one.
“We are honored to stand with these leaders and organizations fighting for racial justice and equity. In pursuit of our purpose as a firm to advance sustainable economic growth and financial opportunity for all, we are committed to help drive meaningful change for communities of color.”
- Asahi Pompey, Global Head of Corporate Engagement
Goldman Sachs Establishes Fund for Racial Equity