Form 990 for tax year 2023
Filed by GOLDMAN SACHS CHARITABLE GIFT FUND.
Totals
- Total revenue
- $206,613,823
- Total expenses
- $224,314,872
- Contributions and grants received
- $192,360,754
- Grants paid
- $223,105,740
- Program service revenue
- $0
- Investment income
- $14,253,069
- Other revenue
- $0
- Total assets, end of year
- $518,027,728
- Total liabilities, end of year
- $301,462
- Net assets or fund balances, end of year
- $517,726,266
- Program services expenses (Part IX)
- $223,759,217
- Management and general expenses
- $555,655
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $223,759,217
Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$192,360,754
-
1g · Noncash contributions included above
$67,070,752
-
3 · Investment income
total $15,457,204 · excluded $15,457,204
-
7a · Gross sales of assets other than inventory
securities $607,999,787
-
7b · Less cost or other basis and sales expenses
securities $609,203,922
-
7c · Gain or loss
securities -$1,204,135
-
7d · Net gain or loss
total -$1,204,135 · excluded -$1,204,135
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $216,400,259 · program services $216,400,259
-
3 · Grants to foreign organizations and individuals
total $6,705,481 · program services $6,705,481
-
11b · Fees: legal
total $69,053 · management and general $69,053
-
11c · Fees: accounting
total $258,037 · management and general $258,037
-
14 · Information technology
total $151,875 · management and general $151,875
-
23 · Insurance
total $63,126 · management and general $63,126
-
24a · Other expenses: GRANTS ADMINISTRATION
total $653,477 · program services $653,477
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $13,564 · management and general $13,564
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,090,042 · end of year $824,608
-
4 · Accounts receivable
beginning of year $0 · end of year $120,000,000
-
11 · Investments: publicly traded securities
beginning of year $509,121,967 · end of year $396,368,860
-
15 · Other assets
beginning of year $2,472,509 · end of year $834,260
-
17 · Accounts payable and accrued expenses
beginning of year $444,418 · end of year $301,462
-
27 · Net assets without donor restrictions
beginning of year $512,240,100 · end of year $517,726,266
Mission and programs · 2023
Mission
THE GOLDMAN SACHS CHARITABLE GIFT FUND ("GOLDMAN SACHS GIVES") IS A DONOR-ADVISED FUND AVAILABLE TO CURRENT AND RETIRED SENIOR EMPLOYEES OF GOLDMAN SACHS. GOLDMAN SACHS GIVES MAINTAINS DONOR ADVISED ACCOUNTS FROM WHICH DONORS AND DONOR ADVISORS CAN RECOMMEND GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS. GOLDMAN SACHS GIVES IS COMMITTED TO FOSTERING INNOVATIVE IDEAS, SOLVING ECONOMIC AND SOCIAL ISSUES, AND ENABLING PROGRESS IN UNDERSERVED COMMUNITIES GLOBALLY.
-
SEE SCHEDULE OTHE GOLDMAN SACHS CHARITABLE GIFT FUND ("GOLDMAN SACHS GIVES") ACCOMPLISHES ITS CHARITABLE PURPOSES BY RECEIVING CHARITABLE CONTRIBUTIONS AND MAKING GRANTS EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL OR RELIGIOUS PURPOSES, PRIMARILY TO ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). THE ORGANIZATION OPERATES AS A "SPONSORING ORGANIZATION" WITHIN THE MEANING OF CODE SECTION 4966 AND MAINTAINS DONOR ADVISED FUNDS. FOR THE FISCAL YEAR ENDING JUNE 30, 2024, THE ORGANIZATION MADE APPROXIMATELY 8,100 GRANTS TOTALING $224 MILLION; APPROXIMATELY $101 MILLION WAS MADE EXCLUSIVELY FOR NEED BASED SCHOLARSHIPS, FINANCIAL AID AND OTHER EDUCATIONAL PROGRAMS.
Expenses $223,759,217 · Grants $223,105,740
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John Fw RogersJOHN FW ROGERS
CHAIRMAN/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Muneer A SatterMUNEER A SATTER
VICE CHAIR/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Robert J KatzROBERT J KATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.7 related
-
Lawton FittLAWTON FITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
David GreenwaldDAVID GREENWALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Benjamin J RaderBENJAMIN J RADER
GENERAL COUNSEL & SECRETARY
- Total calculated
- $0
- Hours/week
- 12 + 12.25 related
-
Anne H BlackANNE H BLACK
PRESIDENT THRU MARCH 2024
- Total calculated
- $0
- Hours/week
- 30 + 10 related
-
Thomas MorinTHOMAS MORIN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5 + 40 related
-
Brad WeinsteinBRAD WEINSTEIN
VICE PRESIDENT/COO
- Total calculated
- $0
- Hours/week
- 30 + 10 related
-
Emmett C St JohnEMMETT C ST JOHN
TREASURER/CFO
- Total calculated
- $0
- Hours/week
- 10 + 20 related
-
Kenneth R SheinmanKENNETH R SHEINMAN
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 1.5 + 0.5 related
-
Brain DesilvaBRAIN DESILVA
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 1.5 + 0.5 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
CHARITIES AID FOUNDATION AMERICA
$17,776,795
GENERAL SUPPORT
-
BROWN UNIVERSITY OF PROVIDENCE
$3,745,500
SCHOLARSHIPS & FINANCIAL AID
-
COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK
$3,634,316
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
-
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
-
TRUSTEES OF PRINCETON UNIVERSITY
$2,380,000
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
-
$2,226,000
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
-
$2,201,122
SCHOLARSHIPS & FINANCIAL AID
-
$2,081,500
SCHOLARSHIPS & FINANCIAL AID
-
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
$1,898,000
SCHOLARSHIPS & FINANCIAL AID
-
$1,840,000
SCHOLARSHIPS & FINANCIAL AID
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
GOLDMAN SACHS GIVES (UK)
CHARITABLE · UK · controlled entity
Directly controlled by THE GOLDMAN SACHS CHARITABLE GIFT FUND
-
THE GOLDMAN SACHS FOUNDATION
501(C)(3) · CHARITABLE · NY
Directly controlled by THE GOLDMAN SACHS GROUP INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
THE GOLDMAN SACHS CHARITABLE GIFT FUND (UK)
CHARITABLE · UK · income $1,826,146 · assets $24,156,901
Directly controlled by THE GOLDMAN SACHS CHARITABLE GIFT FUND
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511119349301416
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