Goldman Sachs Philanthropy Fund

The Goldman Sachs Philanthropy Fund is a great way to give back to your community. Learn more about this fund and how it can help you make a difference.

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Introduction

Goldman Sachs Philanthropy Fund is a private foundation that makes grants to support education, health, human services, and the arts. The fund was established in 2006 by Goldman Sachs and its employees.

What is the Goldman Sachs Philanthropy Fund?

Goldman Sachs Philanthropy Fund is a donor-advised fund, which means that donors can make recommendations on how their contributions are used. However, the final decision on granting lies with the Goldman Sachs Charitable Foundation Board of Directors. The types of organizations that the Fund typically supports include arts and culture, education, environment, health, human services, and international affairs.

How the Goldman Sachs Philanthropy Fund Works

The Goldman Sachs Philanthropy Fund (GSPF) is a donor-advised fund, which means that you can recommend grants to the 501(c)(3) public charity of your choice. GSPF will then make the grant on your behalf.

GSPF offers two types of accounts:

-Donor-advised account: With this account type, you have the flexibility to recommend grants to multiple charities over time. You can also name successors, such as family members, to manage your account in the future.

-Designated account: With this account type, you specify one charity to receive all of the grant recommendations from your account. You can still recommend multiple grants to this charity over time.

Goldman Sachs Philanthropy Fund Eligibility

To be eligible to apply for a grant from the Goldman Sachs Philanthropy Fund, your organization must:
-Be a 501(c)(3) public charity registered with the IRS
-Have a minimum operating budget of $500,000
-Have been in operation for at least three years
-Demonstrate strong financial health and solid governance practices

In addition, preference will be given to organizations that:
-Are based in or serve communities where Goldman Sachs has a significant presence
-Align with one or more of Goldman Sachs’ business interests
The Goldman Sachs Philanthropy Fund is not currently accepting unsolicited applications.

Goldman Sachs Philanthropy Fund Application Process

The Goldman Sachs Philanthropy Fund (GSPF) is a donor-advised fund that enables clients of Goldman Sachs to recommend grants to charitable organizations of their choice. GSPF grants are made possible by the firm’s ongoing commitment to philanthropy, which provides annual funding for the fund.

The GSPF application process is simple and straightforward. To recommend a grant, clients simply complete and submit a Grant Recommendation Form, which is available on the Goldman Sachs philanthropy website.

In order to be considered for a grant, organizations must be IRS-certified 501(c)(3) public charities, private foundations or operate under a fiscal sponsor that meets this criteria. Organizations must also have been in existence for a minimum of two years and have an operating budget that does not exceed $5 million.

Goldman Sachs Philanthropy Fund Review Process

The Goldman Sachs Philanthropy Fund (GSPF) is a donor advised fund, which means that donors recommend grants to nonprofit organizations, but Goldman Sachs makes the final decision on whether or not to approve the grant.

The GSPF review process begins when a donor makes a grant recommendation. The recommendation must be for a 501(c)(3) public charity that is located in the United States. Once the recommendation is received, Goldman Sachs will conduct a due diligence review of the organization. This review includes a financial analysis and a review of the organization’s governance and programmatic activity.

After the due diligence review is complete, Goldman Sachs will make a decision on whether or not to approve the grant. If the grant is approved, Goldman Sachs will notify the donor and disburse the funds to the nonprofit organization.

Goldman Sachs Philanthropy Fund Grant Types

The Goldman Sachs Philanthropy Fund supports a wide variety of charitable causes and organizations around the world. We offer several different types of grants, each designed to meet the specific needs of our grantees.

– General operating support grants: These grants provide funding for an organization’s general operations, such as staff salaries and overhead costs.
– Project-specific grants: These grants fund specific projects or initiatives undertaken by an organization.
– Capacity-building grants: These grants provide funding for an organization to build its capacity and infrastructure, such as by hiring new staff or investing in new technology.
– Endowment funds: These funds are designed to support an organization’s long-term sustainability by providing a source of stable, ongoing funding.

Goldman Sachs Philanthropy Fund Reporting

Goldman Sachs Philanthropy Fund (GSPF) is a donor-advised fund, which means that you as the donor recommend how your charitable donations are awarded to 501(c)(3) public charities. GSPF makes grants to philanthropic organizations on behalf of our clients, who also receive reports documenting their charitable giving.

We are committed to providing our clients with timely, accurate reports detailing the impact of their philanthropy. Grant reports include the name and mission of the recipient organization, a description of the project funded, and the total amount granted. We also provide our clients with a contact at the grantee organization, should they wish to learn more about the work being done with their support.

Reports are typically issued within two weeks of a grant being paid out. For multi-year grants, we issue an annual report detailing the progress made on the project over the course of the year. We also provide customized reporting upon request.

Goldman Sachs Philanthropy Fund Deadlines

The Goldman Sachs Philanthropy Fund (GSPF) is a donor advised fund that provides a simple, flexible and tax-efficient way for our clients to support their favorite charities. GSPF offers clients the ability to make grants to any 501(c)(3) public charity in the United States.

GSPF has two granting cycles each year, with deadlines of March 31st and September 30th. Applicants will be notified of the committee’s decision within six weeks of the deadline.

Goldman Sachs Philanthropy Fund Tips

The Goldman Sachs Philanthropy Fund is a great way to give back to your community and make a difference in the lives of others. Here are some tips on how to make the most of your fund:

-Think about what causes you care about and what kind of impact you want to make.
-Research various organizations that align with your interests.
-Donate to multiple organizations to diversify your impact.
-Don’t forget to track your donations so you can see the change you’re making over time.