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Goldman Sachs to invest $10 billion over 10 years to support Black women

Stock MarketsMar 10, 2021 09:20AM ET
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© Reuters. FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney

(Reuters) - Goldman Sachs Group Inc (NYSE:GS) said on Wednesday it will invest $10 billion in an initiative to support Black women over the next 10 years, focusing on areas including healthcare, job creation and education.

The bank's "One Million Black Women" initiative is a part of its commitment to impact the lives of at least one million Black women by 2030, the company said.

Against the backdrop of protests over the death of African-American George Floyd last year, major companies have pledged to increase diversity, donate to civil rights groups and change their policies.

Goldman will also set aside an additional $100 million over the next decade for philanthropic ventures focused on African-American women. (https://

Reducing the earnings gap for Black women could potentially create between 1.2 million and 1.7 million jobs in the United States, the company said, citing research.

Goldman created a $10 million fund last year to promote racial equity, and had then said it invested around $200 million over the decade to organizations dedicated to serving communities of color. (https://

Rosalind Brewer, chief executive officer of drugstore chain Walgreens Boots Alliance (NASDAQ:WBA), and Lisa Jackson, vice president of environment, policy and social initiatives at Apple Inc (NASDAQ:AAPL), will sit on the advisory council of the new project.

The council will also include Marc Morial, CEO of civil rights organization National Urban League, and a former New Orleans mayor.

Goldman Sachs to invest $10 billion over 10 years to support Black women
 

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Comments (10)
James Andrews
James Andrews Mar 11, 2021 3:59AM ET
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That's so racist, why is it okay to be racist with charity but nothing else?
Snake Plissken
Buff24seven Mar 10, 2021 9:45AM ET
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this is not going to help black women or black people. you want to help people that struggle in this country take away all the gifts that incentivize them not to work. you can start with welfare. maybe after you do that the father will come back into the household.
Kaveh Sun
Kaveh Sun Mar 10, 2021 9:45AM ET
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There r not enough jobs. Almost all mfg jobs were exported to china, india or lately mexico
Kaveh Sun
Kaveh Sun Mar 10, 2021 9:39AM ET
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Gs is the company front run all trades, bribe ploticians(1mbd malaysia scandal), market manipulations etc. Once in a while they throw the left a feel good story to cover up their crimes.
Benjamin McIntire
Benjamin McIntire Mar 10, 2021 9:39AM ET
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Not arguing this one
Kaveh Sun
Kaveh Sun Mar 10, 2021 9:34AM ET
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Gs is a criminal enterprise period.
John Klan
John Klan Mar 10, 2021 9:31AM ET
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So GS is admitting that it discriminates against Latino and Asian women. I guess they don't pass the victimhood test.
milena villa escobar
milena villa escobar Mar 10, 2021 9:27AM ET
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Talk about a meaningless headline number. How in the world would you invest 10 billion dollars in support of black womesn.  Give every black woman an American a million dollars?  Good try Goldman
mohammed sabbag
mohammed sabbag Mar 10, 2021 9:27AM ET
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👍
John Klan
John Klan Mar 10, 2021 9:27AM ET
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I wonder what the shareholders return will be from this huge "investment "?
Jonathan Lawson
Jonathan Lawson Mar 10, 2021 9:13AM ET
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lol people are so mad at this. I love it!
Benjamin McIntire
Benjamin McIntire Mar 10, 2021 9:13AM ET
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Its the snowmelt. If this announcement was to support their little tribes there would be a collective shrug and high fives. So sad seeing such plain jealosy as if they were being pickpocketed themselves. The entitlement is unreal.
rvi btl
rvi btl Mar 10, 2021 9:01AM ET
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When will US mature to stop human classifications on color!
John Klan
John Klan Mar 10, 2021 9:01AM ET
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baboon. virtue signaling is no longer a profitable fad.
John Klan
John Klan Mar 10, 2021 9:01AM ET
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I don't know where baboon came from that word was supposed to be ....when....virtue... anyhow here's the correction.
milena villa escobar
milena villa escobar Mar 10, 2021 9:01AM ET
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John Klan  too late.  you're racist.  Lol
John Klan
John Klan Mar 10, 2021 9:01AM ET
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milena villa escobar wow my black wife of 20 year's will be shocked to learn that.
milena villa escobar
milena villa escobar Mar 10, 2021 9:01AM ET
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John Klan  cool.  I have a brown wife.  we should get together and compare wives.
John Klan
John Klan Mar 10, 2021 9:00AM ET
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Sorry Dr. King. We still can't judge people by the content of their character it's still the color of their skin that seems to matter most. At least to virtue signaling big business. Sad!
Benjamin McIntire
Benjamin McIntire Mar 10, 2021 9:00AM ET
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Says the snowflake virtue signalling left and right but only for very specific causes? Weird!!
John Klan
John Klan Mar 10, 2021 8:55AM ET
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So they're saying they can't make it on their own merits. Wonder why? How about virtue signaling by GS. When will Americans have had enough of this garbage?
Benjamin McIntire
Benjamin McIntire Mar 10, 2021 8:55AM ET
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You are a bafoon. Just read it. Last name says it all I guess.
John Klan
John Klan Mar 10, 2021 8:55AM ET
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yep named after the Democrat slave master's who even to this day want to keep black folks down by assuring them of their victumhood so they never really have to compete on a level playing field. Your to racist and bafoon.
milena villa escobar
milena villa escobar Mar 10, 2021 8:55AM ET
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Benjamin McIntire  okay Benjamin you're a racist against white people. You're going to have to own that now.  So sorry but that's just the way it is .  learn to live with it . you're racist
Snake Plissken
Buff24seven Mar 10, 2021 8:55AM ET
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milena villa escobar  everyone in the world is Racist haven't you heard? It's called being prejudiced. but some people are just better at making money off it than others.
Benjamin McIntire
Benjamin McIntire Mar 10, 2021 8:55AM ET
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{{uid:200812564} ******are you ok even
 
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