NEW YORK, January 12, 2022 – The Goldman Sachs Group, Inc. (NYSE: GS) today announced the next round of investments, partnerships and grants for the One Million Black Women initiative. The announcement was made following the January 12 One Million Black Women Advisory Council meeting, which consists of 17 Black business and community leaders. At the meeting, One Million Black Women highlighted a new partnership with the renowned King Center to prepare young people to be the global leaders of tomorrow ahead of Martin Luther King Jr. Day.
The series of 17 new investments, partnerships and grants reflect One Million Black Women’s ongoing commitment to invest in the core pillars of healthcare, job creation and workforce development, education, affordable housing, digital connectivity, financial health and access to capital that impact Black women at every stage in their lives. Many of the organizations were identified through the more than 50 One Million Black Women listening sessions held with nearly 20,000 Black women from around the country, and the One Million Black Women Advisory Council.
“At our very first listening session, the one and only Dr. Johnnetta Betsch Cole, called One Million Black Women the start of a movement. With this next round of investments, partnerships and grants, we are reaching a new depth of how transformative Goldman Sachs $10 billion commitment is set to be,” said Melanie Campbell, Convener, Black Women’s Roundtable, President & CEO, National Coalition on Black Civic Participation.
“Through the listening sessions, we’ve heard from Black women all over the country. These women are building non-profit organizations and companies with their personal savings and loans from family members because they care so deeply about their communities,” said Dr. Ruth Simmons, President of Prairie View A&M University. “I am so pleased that with this next round of investments, partnerships, and grants, we are able to support these phenomenal women and we can see how transformative their initiatives and projects can be.”
New investment capital will be provided to expand the impact of the following seven organizations and entrepreneurs across the country:
Four new partnerships will support the work of the following organizations:
New philanthropic grants will be provided to expand the impact of the following six organizations across the country:
Goldman Sachs Black Womenomics research informed One Million Black Women’s investment strategy and ongoing research and measurement remains core to the initiative’s success. Through partnerships with The Ruth J. Simmons Center for Race and Justice at Prairie View A&M University (PVAMU), the Urban Institute and The Center for Racial Justice at the University of Michigan’s Gerald R. Ford School of Public Policy, additional research will be conducted centered on continued investment in Black women across One Million Black Women’s previously identified impact pillars.
“This next round of funding strategically connects the dots across several One Million Black Women impact areas and not only supports the infrastructure that Black women and their families need to thrive but has the potential to uplift communities and address generations of racial and gender inequities,” said Margaret Anadu, Global Head of Sustainability and Impact for Goldman Sachs Asset Management. “We are focused on deploying Goldman Sachs resources in the most effective and impactful ways, and so we are thrilled to support these entrepreneurs and organizations who have a demonstrated track record of supporting their communities.”
“We are proud to lift up the brilliant work of organizations positively impacting Black women and girls,” said Asahi Pompey, Global Head of the Office of Corporate Engagement and President of the Goldman Sachs Foundation. “The systemic gender and racial biases black women have faced won’t be reversed overnight, but with continued investment, coordination, and focus, we have good reasons to be optimistic.”
About the One Million Black Women Initiative
In partnership with Black-women-led organizations, financial institutions and other partners, Goldman Sachs has committed $10 billion in direct investment capital and $100 million in philanthropic capital over the next decade to address the dual disproportionate gender and racial biases that Black women have faced for generations, which have only been exacerbated by the pandemic. The initiative, One Million Black Women, is named for and guided by the goal of impacting the lives of at least one million Black women by 2030.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large 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.
# # #
Media Contact:
Abbey Collins
Tel: +1 212 902 5400
Our weekly newsletter with insights and intelligence from across the firm
By submitting this information, you agree to receive marketing emails from Goldman Sachs and accept our privacy policy. You can opt-out at any time.