Building a More Inclusive Economy

Grounded in research, Goldman Sachs’ One Million Black Women initiative is investing $10 billion over the next decade to help narrow opportunity gaps facing Black women. Follow our journey of progress to our first $1 billion invested.

Goldman Sachs One Million Black Women commits $10 billion in direct investment capital and $100 million in philanthropic support to help positively impact the lives of Black women across several impact areas over the next decade. Since our 2021 launch, we have already deployed over $1 billion in investment capital and over $20 million in philanthropic grants to 116 organizations, companies, and projects nationwide.

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Our Progress

Follow our journey to investing the first $1 billion of our $10 billion initiative and the first $20 million of our $100 million philanthropic commitment.

The statistics in the above infographic reflect our progress from March 2021 - September 2022

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Our Impact Pillars

Our comprehensive investment strategy in Black women includes investments and philanthropic grants which drive impact across seven pillars:

 

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Featured Grants and Investments

 

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Invests in early-stage Black-owned innovative businesses to help establish a pathway to economic parity for the Black community

Helps ensure Black women have access to stable and affordable housing

Helps expand broadband access to low-income neighborhoods in New York City

Provides college loans based on academics and earnings data to help more HBCU students

Provides financial coaching and scholarships to help college educated Black women get out of student debt

Provides wraparound care to meet the unique needs of new and expecting parents

Helps empower caregiving professionals with best-in-class online tools and training

Our Starting Point:
Rooted in Research

On March 9, 2021, Goldman Sachs published its seminal Black Womenomics report, which lays out in detail the dual disproportionate racial and gender gaps Black women have faced for decades, how this has contributed to the widening racial wealth gap, and the public and private investment opportunities needed to help close these gaps. Reducing the earnings gap for Black women could raise the U.S.’ annual GDP by as much as 2.1 percent—or $525 billion in current dollars.

Nearly one year later, on February 9, 2022, Goldman Sachs Research published its second Black Womenomics report, Black Womenomics: Equalizing Entrepreneurship, which explores the barriers to entrepreneurship faced by Black women. 


“Providing access to educational opportunities, mentorship, and resources are perhaps the most transformative tools to transform the lives of individuals, build secure families, and develop healthy communities. It is our role to advocate for kids that don’t have that advocate, support, and mentorship.” 
 

Secretary Condoleezza Rice

Tad and Dianne Taube Director of the Hoover Institution

The Thomas and Barbara Stephenson Senior Fellow on Public Policy

Our Advisory Council

Our Advisory Council composed of 16 Black leaders spanning across philanthropy, business, nonprofits, education, government, art, and professional sports has been critical to our work, guiding the scope of our investments and accelerating progress towards our goal of helping to impact at least one million Black women by 2030.

Our Voices

 

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