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
- Innocence Project
- Know Your Rights Camp
- 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