Goldman Sachs Announces Fund for Racial Equity Grant Recipients
- To Deploy Funds to Organizations Across Four Key Themes
NEW YORK, June 18, 2020 – Goldman Sachs today announced grant recipients of the Goldman Sachs Fund for Racial Equity, which was created to support the vital work of leading organizations addressing racial injustice, structural inequity and economic disparity.
The firm will focus its support across four key themes: (1) advancing economic progress, (2) legal and criminal justice reform, (3) fueling social change and (4) fostering educational opportunities. The grant recipients are:
- Black Economic Alliance
- Black Girls Code
- Equal Justice Initiative
- Innocence Project
- Know Your Rights Camp
- NAACP Legal Defense and Educational Fund, Inc.
- United Negro College Fund
“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,” said Asahi Pompey, Global Head of Corporate Engagement.
The $10 million Fund for Racial Equity builds upon more than $200 million Goldman Sachs has granted through its charitable fund, Goldman Sachs Gives, over the last decade to organizations serving communities of color; including, most recently, $17 million through the Goldman Sachs COVID-19 Relief Fund.
As previously announced, Goldman Sachs has committed to match employee donations to racial equity and social justice organizations dollar for dollar, and donations $25 and under will be matched three to one. Since the announcement, over 1,500 Goldman Sachs employees have donated through the firm’s matching gift program.
Goldman Sachs Establishes Fund for Racial Equity
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
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