Our Progress
Follow our journey to investing $2.1 billion of our $10 billion initiative and $23 million of our $100 million philanthropic commitment.
The statistics in the above infographic reflect our progress from March 2021 - March 2023
Building a More Inclusive Economy
Our research shows that investing in Black women can raise the US GDP up to $525B annually. Goldman Sachs One Million Black Women is a $10B investment strategy designed to narrow opportunity gaps facing Black women across education, healthcare, housing and more. In just two years since launch, Goldman Sachs One Million Black Women has deployed over $2.1B in investment capital and over $23M in philanthropic grants to 137 organizations that are positively impacting the lives of Black women.
Our Impact Pillars
Our comprehensive investment strategy in Black women includes investments and philanthropic grants which drive impact across seven pillars:
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 families have access to stable and affordable housing
Helps expand broadband access to low-income neighborhoods in New York City
Helps ensure Black women have access to childcare co-located with their housing and other community resources
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, and art 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.
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