Goldman Sachs 2000 Annual Report Download - page 26
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THE GOLDMAN SACHS FOUNDATION
INVESTING IN TOMORROW’S GLOBAL LEADERS
The Goldman Sachs Foundation reflects our firm’s long-standing
tradition of philanthropy and public leadership. The Foundation
was funded at the time of our initial public offering with a donation
of $200 million. The principles of the Foundation mirror those
of the firm —creativity and imagination, teamwork, integrity
and determination to achieve at the highest level. Accordingly,
the mission of the Foundation is to promote excellence and
innovation in education worldwide, and to improve academic
performance and lifelong productivity of young people.
The Foundation makes substantial investments in outstanding
educational initiatives that prepare today’s young people to
become tomorrow’s scholars, leaders and entrepreneurs.
A critical component of the Foundation’s strategy is strong
partnerships with effective, high-quality organizations that
implement achievement-oriented education programs, and
that produce substantial, measurable results. Through its
distinctive venture philanthropy approach, the Foundation
couples sizable grants in the range of $1 million with infusions
of “social capital,” in the form of professional services, volunteer
time and the business expertise of Goldman Sachs executives.
The Foundation allocated $20.4 million in grants to education and
youth-serving institutions worldwide in its first year of operation.
John C. Whitehead,
Chairman of the Board of Trustees
Stephanie Bell-Rose,
President