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← GOLDMAN SACHS CHARITABLE GIFT FUND

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 Rogers

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Muneer A Satter

    VICE CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Robert J Katz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.7 related
  • Lawton Fitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • David Greenwald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Benjamin J Rader

    GENERAL COUNSEL & SECRETARY

    Total calculated
    $0
    Hours/week
    12 + 12.25 related
  • Anne H Black

    PRESIDENT THRU MARCH 2024

    Total calculated
    $0
    Hours/week
    30 + 10 related
  • Thomas Morin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 40 related
  • Brad Weinstein

    VICE PRESIDENT/COO

    Total calculated
    $0
    Hours/week
    30 + 10 related
  • Emmett C St John

    TREASURER/CFO

    Total calculated
    $0
    Hours/week
    10 + 20 related
  • Kenneth R Sheinman

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1.5 + 0.5 related
  • Brain 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

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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