Goldman aims for $1B charitable fund

The Goldman Sachs Group today established Goldman Sachs Gives, a donor-advised charitable fund.
NOV 21, 2007
By  Bloomberg
The Goldman Sachs Group Inc. today established Goldman Sachs Gives, a donor-advised charitable fund. The New York-based investment bank will encourage its 350 partners to commit a portion of their compensation to charity through the fund. Over the next few years, the firm expects the fund to grow to more than $1 billion. Goldman’s asset management group will manage Goldman Sachs Gives free of charge. Individual accounts will be established within Goldman Sachs Gives for participating partners, who will recommend charitable organizations around the world as recipients. Additionally, the firm itself will make a separate contribution to Goldman Sachs Gives. Though the program is open to partners now, other Goldman employees and alumni will be invited to participate over time. Also, Goldman Sachs said that it will step up its annual matching gift program to $20,000 for each eligible employee, excluding partners, effective Jan. 1, 2008. That’s up from $10,000.

Latest News

Bluespring, Merit ink new RIA partnerships
Bluespring, Merit ink new RIA partnerships

The two hybrid RIAs have widened their respective footprints with acquisitions in Kentucky and Pennsylvania.

SEC, Binance seek 60-day pause for lawsuit against exchange
SEC, Binance seek 60-day pause for lawsuit against exchange

The joint motion by the regulator and the giant crypto bourse comes as the recently installed crypto task force lays foundations for a formal framework.

Cresset Partners rebrands to Peakline
Cresset Partners rebrands to Peakline

With meaningful scale and growing client needs, the multibillion-dollar RIA's leader says the "time is right" to come into its own an independent private investment business.

Wealth management industry is facing a looming retirement crisis, report warns
Wealth management industry is facing a looming retirement crisis, report warns

Despite technology adding capacity, an advisor shortage is predicted.

Just 30% of people are very confident in managing their finances right now
Just 30% of people are very confident in managing their finances right now

And there's a large gap between the fears they have and the action they take.

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.

SPONSORED Why wealth advisors should care about the future of federal tax policy

Blue Vault features expert strategies to harness for maximum client advantage.