10 years. $10 billion in investment capital. $100 million in philanthropic capital.
One million Black women.
The Opportunity:
Goldman Sachs One Million Black Women is a $10 billion investment commitment with $100 million in philanthropic capital to drive economic opportunity for one million Black women by 2030. One Million Black Women is a first-of-its-kind comprehensive investment focused on key moments in Black women’s lives from early childhood through retirement, increasing opportunity where investment could make all the difference. To date, One Million Black Women has deployed nearly $3 billion in investment capital and $39.4 million in philanthropic capital, laying the groundwork to impact the lives of over 300,000 Black women.
Our Impact Pillars
Our comprehensive investment strategy in Black women includes investments and philanthropic grants which drive impact across six pillars:
Our Starting Point: Rooted in Research
Goldman Sachs research has shown that one of the fastest ways to accelerate change and effectively begin to address the racial wealth gap is to listen to and invest in Black women.
Reducing the earnings gaps for Black women has the potential to create 1.2 – 1.7 million US jobs, and to increase the annual GDP by $300 – $450 billion in current dollars.
Imagine Black women closing the 90% wealth gap their households faced compared with white households.
Imagine Black women’s wages on par with those of white women, currently 15% higher, or white men, 35% higher.
Imagine Black women entrepreneurs receiving more than 0.3% of venture capital funding.
Additionally, Goldman Sachs Research published a second Black Womenomics report, Black Womenomics: Equalizing Entrepreneurship, which explores the barriers to entrepreneurship faced by Black women.
“Providing access to educational opportunities, mentorship, and resources are perhaps the most transformative tools to transform the lives of individuals, build secure families, and develop healthy communities. It is our role to advocate for kids that don’t have that advocate, support, and mentorship.”
Secretary Condoleezza Rice
Tad and Dianne Taube Director of the Hoover Institution
The Thomas and Barbara Stephenson Senior Fellow on Public Policy
Our Advisory Council
Our Advisory Council composed of 16 Black leaders spanning across philanthropy, business, nonprofits, education, government, and art has been critical to our work, guiding the scope of our investments and accelerating progress towards our goal of helping to impact at least one million Black women by 2030.
Featured Grants and Investments
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