Goldman Sachs Charitable Gift Fund

Analysis

Goldman Sachs Charitable Gift Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Goldman Sachs Charitable Gift Fund reported income of $56.9m and spending of $198.6m, spending 349% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $153.7m to $56.9m (-63%), an average of -22% a year. The sharpest change came in the year to June 2023, when income dropped by 78%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Goldman Sachs Charitable Gift Fund sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Tigers Unlimited Foundation ($56.1m), Blue Grass Community Foundation Inc ($57.2m) and City Fund ($55.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $512.7m against liabilities of $444k, net assets of $512.2m.