Goldman Sachs is putting big money to work as part of its One Million Black Women initiative.
“We launched about a year ago, a $10 billion commitment, on top of that $100 million in philanthropic capital, to improve the lives of at least a million Black women over the next decade,” Goldman Sachs Global Head of Corporate Engagement Asahi Pompey told Yahoo Finance Live at the World Economic Forum in Davos, Switzerland (video above). “We’ve made about a billion dollars of investments so far.”
Launched in early 2021, Goldman’s One Million Black Women initiative aims to advance racial equity and economic opportunity in Black women. In January of this year, the investment bank revealed a suite of 17 new investments, partnerships and grants.
Organizations that have received capital thus far range from those making loans to underserved communities (Chime Solutions) to building multi-family housing units in Georgia (South Meadows).
