Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE GOLDMAN SACHS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)200 WEST STREET 29TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10282
A Employer identification number

31-1678646
B Telephone number (see instructions)

(212) 902-4223
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$720,758,772J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 125,185,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,415,151 3,415,151  
4 Dividends and interest from securities... 3,570,801 6,339,085  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,262,796
b Gross sales price for all assets on line 6a 540,537,843
7 Capital gain net income (from Part IV, line 2)... 11,112,826
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,953,480 -1,288,087  
12 Total. Add lines 1 through 11........ 131,861,636 19,578,975  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 60,780 60,780   0
b Accounting fees (attach schedule)....... Click to see attachment 267,950 53,078   142,629
c Other professional fees (attach schedule).... Click to see attachment 5,223,546 1,714,774   2,489,155
17 Interest...............   76,311    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 226,766 162,938   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 20,078 956,544   19,235
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,799,120 3,024,425   2,651,019
25 Contributions, gifts, grants paid....... 43,952,844 50,542,563
26 Total expenses and disbursements. Add lines 24 and 25 49,751,964 3,024,425   53,193,582
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 82,109,672
b Net investment income (if negative, enter -0-) 16,554,550
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 23,451,385 38,470,061 38,470,061
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet125,000,000
Less: allowance for doubtful accounts bullet     125,000,000 125,000,000
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,126,816 Click to see attachment5,465,582 5,465,582
b Investments—corporate stock (attach schedule)....... 124,841,401 Click to see attachment81,582,461 81,582,461
c Investments—corporate bonds (attach schedule)....... 130,654,923 Click to see attachment144,472,104 144,472,104
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 311,180,905 Click to see attachment316,513,213 316,513,213
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,715,952 Click to see attachment9,255,351 Click to see attachment9,255,351
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 593,971,382 720,758,772 720,758,772
Liabilities 17 Accounts payable and accrued expenses.......... 860,277 948,610
18 Grants payable................. 33,933,883 27,344,165
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment1,569,316 Click to see attachment16,462,553
23 Total liabilities (add lines 17 through 22)......... 36,363,476 44,755,328
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 557,607,906 676,003,444
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 557,607,906 676,003,444
30 Total liabilities and net assets/fund balances (see instructions). 593,971,382 720,758,772
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
557,607,906
2
Enter amount from Part I, line 27a .....................
2
82,109,672
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
36,479,523
4
Add lines 1, 2, and 3 ..........................
4
676,197,101
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
193,657
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
676,003,444
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b ACCEL-KKR CAPITAL P    
c ALTOR FUND V P    
d AMERCIAN SEC PARTNER P    
e APOLLO INV FD VIII P    
ARCH VENTURE FD V LP P    
BERKSHIRE FUND IX LP P    
CVC CAPITAL VII P    
CVC EURO EQ P V LP P    
GSF ALTOR P    
GSF BLACKSTONE P    
GSF HIG CAP PART V P    
GSF LITTLE JOHN P    
GSF WATER STREET III P    
QUANT ENERGY P V,LP P    
ANCHORAGE CAPITAL PARTNERS P    
AQR STYLE PREMIA P    
AQR STYLE PREMIA CLB SER8 2019 P    
D E SHAW VALENCE INTERNATIONAL P    
PDT MOSAIC OFFSHORE FUND LTD P    
FFX FORWARD CONTRACTS - AUSTRALIAN DOLLAR P    
FFX FORWARD CONTRACTS - CANADIAN DOLLAR P    
FFX FORWARD CONTRACTS - SWISS FRANC P    
FFX FORWARD CONTRACTS - DANISH KRONE P    
FFX FORWARD CONTRACTS - EURO CURRENCY UNIT P    
FFX FORWARD CONTRACTS - POUND STERLING P    
FFX FORWARD CONTRACTS - HONG KONG DOLLAR P    
FFX FORWARD CONTRACTS - ISRAELI SHEKEL P    
FFX FORWARD CONTRACTS - JAPANESE YEN P    
FFX FORWARD CONTRACTS - SOUTH KOREAN WON P    
FFX FORWARD CONTRACTS - NORWEGIAN KRONE P    
FFX FORWARD CONTRACTS - NEW ZEALAND DOLLAR P    
FFX FORWARD CONTRACTS - SWEDISH KRONA P    
FFX FORWARD CONTRACTS - SINGAPORE DOLLAR P    
THROUGH K-1S NET OF UBI AND AMOUNTS INCLUDED ABOVE P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       -5,862,129
b       58,824
c       61
d       116,062
e       264,057
      41,025
      262,616
      17
      279,746
      312,907
      757
      360,293
      -47
      1,793
      1,540
      2,133,620
      -1,900,218
      -110,319
      -2,159
      210,568
      -1,615
      -511
      474,942
      70,600
      896,292
      -357,854
      35,444
      6,005
      345,890
      3,099
      -15,735
      15,033
      109,800
      -13,200
      13,375,622
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -5,862,129
b       58,824
c       61
d       116,062
e       264,057
      41,025
      262,616
      17
      279,746
      312,907
      757
      360,293
      -47
      1,793
      1,540
      2,133,620
      -1,900,218
      -110,319
      -2,159
      210,568
      -1,615
      -511
      474,942
      70,600
      896,292
      -357,854
      35,444
      6,005
      345,890
      3,099
      -15,735
      15,033
      109,800
      -13,200
      13,375,622
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 11,112,826
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 230,108
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 230,108
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 230,108
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 689,602
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 689,602
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 459,494
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet459,494 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY, CA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.GS.COM
    14
    The books are in care ofbulletTHOMAS MORIN Telephone no.bullet (212) 357-3712

    Located atbullet200 WEST STREETNEW YORKNY ZIP+4bullet102822198
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletBR, DA, GR, HU, ID, IS, MY, NO, PL, PO, KS, SW, UK
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PETER M FAHEY DIRECTOR
    0.50     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    LAWTON FITT DIRECTOR
    0.50     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    ROBERT J KATZ DIRECTOR
    0.50     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    JOHN F W ROGERS DIRECTOR
    0.50     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    MUNEER SATTER DIRECTOR
    0.50     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    BENJAMIN J RADER GENERAL COUNSEL/SECRETARY
    12.00     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    JANE MOFFAT - THROUGH 3220 ASST. GENERAL COUNSEL & SECRETARY
    10.00     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    EMMETT C ST JOHN TREASURER AND CFO
    4.00     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    EILEEN M DILLON VICE PRESIDENT
    1.00     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    KATHERINE JOLLON - THROUGH 8420 VICE PRESIDENT
    40.00     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    CHARLOTTE KEENAN VICE PRESIDENT
    30.00     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    JENNY MALONE VICE PRESIDENT
    20.00     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    THOMAS MORIN VICE PRESIDENT
    20.00     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    CRISTINA SHAPIRO - THROUGH 3420 VICE PRESIDENT
    32.00     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    JESSICA TAYLOR - START 111720 VICE PRESIDENT
    40.00     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    ASAHI POMPEY PRESIDENT
    1.00     		0 0 0
    C/O GOLDMAN SACHS CO 200 WEST ST
    29TH FL
    NEW YORK,NY102822198
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    KROLL INC GRANT DUE DILIGENCE 1,128,518
    11440 COMMERCE PARK DRIVE SUITE 501
    RESTON,VA20191
    EXIGER DILIGENCE INC GRANT DUE DILIGENCE 847,598
    600 THIRD AVENUE
    NEW YORK,NY10016
    HELLMAN & FRIEDMAN INVESTMENT MANAGEMENT 382,997
    415 MISSION STREET SUITE 5700
    SAN FRANCISCO,CA94105
    FACTIVA (A DOW JONES COMPANY) GRANT DUE DILIGENCE 308,425
    PO BOX 300
    PRINCETON,NJ085430300
    BNY MELLON CUSTODIAN SERVICES 211,076
    500 GRANT STREET SUITE 0625
    PITTSBURGH,PA15258
    Total number of others receiving over $50,000 for professional services.............bullet13
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    539,570,156
    b
    Average of monthly cash balances.......................
    1b
    2,347,099
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    541,917,255
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    541,917,255
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    8,128,759
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    533,788,496
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    26,689,425
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    26,689,425
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    230,108
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    230,108
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    26,459,317
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    26,459,317
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    26,459,317
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    53,193,582
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    53,193,582
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    53,193,582
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 26,459,317
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 3,936,442
    b From 2016...... 3,797,318
    c From 2017......  
    d From 2018...... 4,705,625
    e From 2019...... 8,786,487
    fTotal of lines 3a through e........ 21,225,872
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 53,193,582
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 26,459,317
    e Remaining amount distributed out of corpus 26,734,265
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 47,960,137
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		3,936,442
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		44,023,695
    10 Analysis of line 9:
    a Excess from 2016.... 3,797,318
    b Excess from 2017....  
    c Excess from 2018.... 4,705,625
    d Excess from 2019.... 8,786,487
    e Excess from 2020.... 26,734,265
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACCESS TO CAPITAL FOR ENTREPRENEURS
    3173 HIGHWAY 129 NORTH
    CLEVELAND,GA30528     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESS OWNERS IN GA. 100,000
    APPALACHIAN COMMUNITY CAPITAL DEVELOPMENT FOUNDATION
    110 PEPPERS FERRY ROAD NW
    CHRISTIANSBURG,VA24073     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE APPALACHIAN REGION. 100,000
    BABSON COLLEGE
    231 FOREST STREET
    BABSON PARK,MA024570310     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,254,701
    BABSON COLLEGE
    231 FOREST STREET
    BABSON PARK,MA024570310     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,893,765
    BLACK BUSINESS COMMUNITY DEVELOPMENT CORPORATION
    301 E PINE STREET SUITE 175
    ORLANDO,FL32801     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN FLORIDA. 100,000
    BRIDGEWAY CAPITAL
    707 GRANT ST SUITE 1920
    PITTSBURGH,PA15219     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS FOR SMALL BUSINESS OWNERS IN PENNSYLVANIA. 100,000
    BROOKLYN ALLIANCE INC
    335 ADAMS STREET SUITE 2700
    BROOKLYN,NY11201     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN BROOKLYN, NY 100,000
    CAROLINA SMALL BUSINESS DEVELOPMENT FUND
    3128 HIGHWOOD BLVD SUITE 170
    RALEIGH,NC27604     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS FOR SMALL BUSINESSES IN NC. 100,000
    CHICAGO COMMUNITY LOAN FUND
    29 E MADISON STREET SUITE 1700
    CHICAGO,IL60602     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE CHICAGO AREA. 100,000
    CINCINNATI STATE TECHNICAL AND COMMUNITY COLLEGE FOUNDATION
    3520 CENTRAL PARKWAY
    CINCINNATI,OH45223     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 235,378
    CINCINNATI STATE TECHNICAL AND COMMUNITY COLLEGE FOUNDATION
    3520 CENTRAL PARKWAY
    CINCINNATI,OH45223     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 248,315
    CITY COLLEGES OF CHICAGO
    DISTRICT OFFICE 226 WEST JACKSON
    BLVD
    CHICAGO,IL606066998     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 688,763
    COASTAL ENTERPRISES
    30 FEDERAL STREET SUITE 100
    BRUNSWICK,ME04011     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS FOR SMALL BUSINESSES IN ME 100,000
    COLORADO ENTERPRISE FUND
    1888 SHERMAN STREET SUITE 530
    DENVER,CO80203     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN CO. 100,000
    COLUMBUS STATE COMMUNITY COLLEGE DEVELOPMENT FOUNDATION
    730 EAST LONG STREET
    COLUMBUS,OH43215     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 187,966
    COLUMBUS STATE COMMUNITY COLLEGE DEVELOPMENT FOUNDATION
    730 EAST LONG STREET
    COLUMBUS,OH43215     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 143,305
    COMMUNITY CAPITAL NEW YORK
    44 EXECUTIVE BLVD SUITE 203
    ELMSFORD,NY10523     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE GREATER NEW YORK AREA. 100,000
    COMMUNITY COLLEGE OF BALTIMORE COUNTY FOUNDATION
    7200 SOLLERS POINT ROAD
    BALITMORE,MD21222     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 301,611
    COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATION
    1700 SPRING GARDEN STREET
    PHILADELPHIA,PA19130     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,394,290
    COMMUNITY COLLEGE OF RHODE ISLAND
    400 EAST AVENUE
    WARWICK,RI02886     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 738,200
    COMMUNITY COLLEGE SYSTEM OF NH
    26 COLLEGE DRIVE
    CONCORD,NH03301     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 348,005
    COMMUNITY FIRST FUND
    51 SOUTH DUKE ST SUITE 400
    LANCASTER,PA17608     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN THE PA REGION 100,000
    COMMUNITY LOAN FUND OF NEW JERSEY
    D/B/A NEW JERSEY COMMUNITY CAPITAL
    108 CHURCH STREET
    NEW BRUNSWICK,NJ08901     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN NJ. 100,000
    COMMUNITY REINVESTMENT FUND
    801 NICOLLETT MALL SUITE 1700W
    MINNEAPOLIS,MN55402     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 100,000
    COMMUNITY REINVESTMENT FUND
    801 NICOLLETT MALL SUITE 1700W
    MINNEAPOLIS,MN55402     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 8,000,000
    CRAFT3
    42 7TH STREET SUITE 100
    ASTORIA,OR97103     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN OR. 100,000
    CUYAHOGA COMMUNITY COLLEGE
    700 CARNEGIE AVENUE
    CLEVELAND,OH441152878     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 837,203
    DALLAS COUNTY COMMUNITY COLLEGE DISTRICT FOUNDATION
    1601 SOUTH LAMAR STREET
    DALLAS,TX752151816     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 461,778
    DELGADO COMMUNITY COLLEGE FOUNDATION
    615 CITY PARK AVENUE
    NEW ORLEANS,LA70119     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 383,699
    DELGADO COMMUNITY COLLEGE FOUNDATION
    615 CITY PARK AVENUE
    NEW ORLEANS,LA70119     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 368,971
    DES MOINES AREA COMMUNITY COLLEGE
    2006 S ANKENY BLVD
    ANKENY,IA50023     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 526,681
    DETROIT DEVELOPMENT FUND
    3031 W GRAND BLVD SUITE 505
    DETROIT,MI48202     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE DETROIT AREA. 100,000
    ESSEC BUSINESS SCHOOL
    AVENUE BERNARD HIRSCH CS 50105
      CERGY-PONTOISE CE95021
    FR     		  NC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 806,163
    FRIENDS OF TSINGHUA SCHOOL OF ECONOMICS AND MANAGEMENT
    TSINGHUA UNIVERSITY SCHOOL OF
    ECONOMICS AND MANGEMENT
      BEIJING100084
    CH     		  PC GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 120,643
    GREATER JAMAICA DEVELOPMENT CORPORATION
    9004 161ST ST SUITE 704
    JAMAICA,NY11432     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORT TO SMALL BUSINESS OWNERS IN JAMAICA, NY. 100,000
    HOPE ENTERPRISE CORPORATION
    4 OLD RIVER PLACE SUITE A
    AJACKSON,MS39202     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS FOR SMALL BUSINESSES IN AL, AR, LA, MI AND TN 4,434,130
    HOUSTON COMMUNITY COLLEGE SYSTEM FOUNDATION
    3100 MAIN STREET SUITE 12B12
    HOUSTON,TX77002     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 602,391
    IFF
    333 S WABASH AVNEUE SUITE 2800
    CHICAGO,IL60604     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE CHICAGO AREA. 100,000
    INITIATIVE FOR A COMPETITIVE INNER CITY
    56 WARREN ST STE 300
    ROXBURY,MA02119     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,606,010
    INTERNATIONAL FINANCE CORPORATION
    2121 PENNSYLVANIA AVE NW
    WASHINGTON,DC20433     		  GOV GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 1,000,000
    INTERNATIONAL FINANCE CORPORATION
    2121 PENNSYLVANIA AVE NW
    WASHINGTON,DC20433     		  GOV GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 2,059,820
    KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION
    362 OLD WHITLEY ROAD PO BOX 1738
    LONDON,KY40743     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFOTS IN KY. 100,000
    LAGUARDIA COMMUNITY COLLEGE
    31-10 THOMSON AVENUE
    LONG ISLAND CITY,NY111019976     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 444,604
    LIFTFUND INC
    2007 W MARTIN STREET
    SAN ANTONIO,TX78207     		  PC GRANT TO SUPPORT COVID-19 EFFORTS FOR SMALL BUSINESSES IN TX, NM, OK, AR, LA, AL, GA, FL, SC, TN AND KY. 1,293,547
    LOCAL INITIATIVES SUPPORT CORPORATION
    28 LIBERTY ST 34TH FL
    NEW YORK,NY10005     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORT FOR SMALL BUSINESSES IN NY. 100,000
    LONG BEACH CITY COLLEGE
    4901 EAST CARSON STREET MC G1
    LONG BEACH,CA90808     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 2,124,980
    LOW INCOME INVESTMENT FUND
    49 STEVENSON STREET SUITE 300
    SAN FRANCISCO,CA94105     		  PC GRANT TO SUPPORT COVID-19 EMERGENCY RELIEF EFFORTS TO SMALL BUSINESSES. 100,000
    MIAMI DADE COLLEGE
    300 NE 2ND AVENUE
    MIAMI,FL33132     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 932,891
    MOFI
    229 E MAIN STREET
    MISSOULA,MT59802     		  PC TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN MT, WY, ID, WA & OR. 100,000
    MORGAN STATE UNIVERSITY FOUNDATION
    1700 EAST COLD SPRING LANE
    BALTIMORE,MD21251     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 759,070
    MORGAN STATE UNIVERSITY FOUNDATION
    1700 EAST COLD SPRING LANE
    BALTIMORE,MD21251     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 253,072
    NATIONAL URBAN LEAGUE
    120 WALL STREET 8TH FLOOR
    NEW YORK,NY10005     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 222,484
    NATIONAL URBAN LEAGUE
    120 WALL STREET 8TH FLOOR
    NEW YORK,NY10005     		  PC GRANT TO SUPPORT COVID-19 NATIONAL RELIEF EFFORT AND THE 10,000 SMALL BUSINESSES INITIATIVE 501,254
    NEIGHBORHOOD TRUST FINANCIAL PARTNERS
    1112 SAINT NICHOLAS AVE 4TH FLOOR
    NEW YORK,NY10032     		  PC GRANT TO SUPPORT THE COVID-19 RELIEF EFFORTS OF NTFCU IN UPPER MANHATTAN. 100,000
    NEW YORK BUSINESS DEVELOPMENT CORPORATION LDC
    50 BEAVER STREET
    ALBANY,NY12201     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN NY, NJ AND PA 1,750,000
    NEW YORK CITY BUSINESS ASSISTANCE CORPORATION
    1 LIBERTY PLAZA 11TH FLOOR
    NEW YORK,NY10006     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 149,225
    NEW YORK CITY BUSINESS ASSISTANCE CORPORATION
    1 LIBERTY PLAZA 11TH FLOOR
    NEW YORK,NY10006     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN NYC 776,736
    OPPORTUNITY FINANCE NETWORK
    620 CHESTNUT STREET SUITE 572
    PHILADELPHIA,PA191063413     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 246,600
    OPPORTUNITY FINANCE NETWORK
    620 CHESTNUT STREET SUITE 572
    PHILADELPHIA,PA191063413     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS. 100,000
    OPPORTUNITY FUND COMMUNITY DEVELOPMENT
    111 W ST JOHN STREET SUITE 800
    SAN JOSE,CA95113     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN CA. 100,000
    PACIFIC COAST REGIONAL SMALL BUSINESS DEVELOPMENT CORPORATION
    3255 WILSHIRE BLVD SUITE 1501
    LOS ANGELES,CA90010     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORT FOR SMALL BUSINESS OWNERS IN LOS ANGELES, CA. 100,000
    PEOPLEFUND
    2921 E 17TH STREET BUILDING D STE 1
    AUSTIN,TX78702     		  PC GRANT TO SUPPORT COVID-19 REFIEF EFFORTS IN TEXAS 100,000
    PIDC- REGIONAL DEVELOPMENT CORP
    1500 MARKET STREET SUITE 3500 WEST
    WEST PHILADELPHIA,PA19102     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN THE PA REGION. 100,000
    SALT LAKE COMMUNITY COLLEGE FOUNDATION
    4600 SOUTH REDWOOD ROAD
    SALT LAKE CITY,UT84123     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,182,625
    SAN DIEGO REGION SMALL BUSINESS DEVELOPMENT CORP
    2448 HISTORIC DECATUR ROAD SUITE
    200
    SAN DIEGO,CA92106     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES NATIONALLY 700,000
    SCHOLARSHIP AMERICA
    1505 RIVERVIEW ROAD PO BOX 297
    ST PETER,MN56082     		  PC CONTRIBUTION TO SUPPORT SCHOLARSHIP PROGRAM 140,000
    SCHOLARSHIP AMERICA
    1505 RIVERVIEW ROAD PO BOX 297
    ST PETER,MN56082     		  PC CONTRIBUTION TO SUPPORT SCHOLARSHIP PROGRAM 45,000
    SCHWAB FOUNDATION FOR SOCIAL ENTREPRENEURSHIP
    91-93 ROUTE DE LA CAPITE - CH 1223
    COLOGNY
      GENEVA  
    SZ     		  NC GRANT TO SUPPORT SOCIAL ENTREPRENEURS IN COORDINATION WITH THE WORLD ECONOMIC FORUM. 200,000
    SINCLAIR COMMUNITY COLLEGE FOUNDATION
    444 WEST THIRD STREET
    DAYTON,OH45402     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 201,017
    THE CENTER FOR STRATEGIC ECONOMIC STUDIES & INSTITUTIONAL DEVELOPMENT
    777 S ALAMEDA STREET 2ND FLOOR
    LOS ANGELES,CA90021     		  PC TO SUPPORT 10,000 SMALL BUSINESSES INITIATIVE DURING THE COVID-19 CRISIS IN ATLANTA, GA; BALTIMORE, MD; PHILDELPHIA, PA AND STATE OF CA. 2,259,733
    THE HARBOR BANK OF MARYLAND COMMUNITY DEVELOPMENT CORPORATION
    25 W FAYETTE STREET
    BALTIMORE,MD21201     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORT IN BALTIMORE, MD 100,000
    UNIVERSITY OF LEEDS
    LEEDS UNIVERSITY BUSINESS SCHOOL
    MAURICE KEYWORTH BUILDING
    LEEDS   LS2 9JT
    UK     		  PC GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 840,350
    UNIVERSITY OF OXFORD
    SAID BUSINESS SCHOOL PARK END
    STREET
    OXFORD   OX1 1HP
    UK     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 2,964,018
    VIRGINIA COMMUNITY CAPITAL
    7814 CAROUSEL LANE
    RICHMOND,VA23294     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN VA. 100,000
    WAYNE STATE UNIVERSITY
    42 W WARREN AVENUE
    DETROIT,MI48202     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,013,569
    Total .................................bullet 3a 50,542,563
    bApproved for future payment
    CINCINNATI STATE TECHNICAL AND COMMUNITY COLLEGE FOUNDATION
    3520 CENTRAL PARKWAY
    CINCINNATI,OH45223     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 248,315
    COLUMBUS STATE COMMUNITY COLLEGE DEVELOPMENT FOUNDATION
    730 EAST LONG STREET
    COLUMBUS,OH43215     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 286,608
    COMMUNITY COLLEGE OF BALTIMORE COUNTY FOUNDATION
    7200 SOLLERS POINT ROAD
    BALITMORE,MD21222     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 103,277
    COMMUNITY REINVESTMENT FUND
    801 NICOLLETT MALL SUITE 1700W
    MINNEAPOLIS,MN55402     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 100,000
    DALLAS COUNTY COMMUNITY COLLEGE DISTRICT FOUNDATION
    1601 SOUTH LAMAR STREET
    DALLAS,TX752151816     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 250,567
    DELGADO COMMUNITY COLLEGE FOUNDATION
    615 CITY PARK AVENUE
    NEW ORLEANS,LA70119     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 737,942
    ESSEC BUSINESS SCHOOL
    AVENUE BERNARD HIRSCH CS 50105
      CERGY-PONTOISE CE95021
    FR     		  NC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 806,163
    FRIENDS OF TSINGHUA SCHOOL OF ECONOMICS AND MANAGEMENT
    TSINGHUA UNIVERSITY SCHOOL OF
    ECONOMICS AND MANGEMENT
      BEIJING100084
    CH     		  PC GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 80,000
    GORDON INSTITUTE OF BUSINESS SCIENCE
    UNIVERSITY OF PRETORIA 26 MELVILLE
    ROAD
      SANDTON2196
    SF     		  PC GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 381,592
    HOUSTON COMMUNITY COLLEGE SYSTEM FOUNDATION
    3100 MAIN STREET SUITE 12B12
    HOUSTON,TX77002     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 301,195
    INTERNATIONAL FINANCE CORPORATION
    2121 PENNSYLVANIA AVE NW
    WASHINGTON,DC20433     		  GOV GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 19,121,527
    INTERNATIONAL FINANCE CORPORATION
    2121 PENNSYLVANIA AVE NW
    WASHINGTON,DC20433     		  GOV GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 4,000,000
    MORGAN STATE UNIVERSITY FOUNDATION
    1700 EAST COLD SPRING LANE
    BALTIMORE,MD21251     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 506,146
    NATIONAL URBAN LEAGUE
    120 WALL STREET 8TH FLOOR
    NEW YORK,NY10005     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 271,608
    NEW YORK CITY BUSINESS ASSISTANCE CORPORATION
    1 LIBERTY PLAZA 11TH FLOOR
    NEW YORK,NY10006     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN NYC 149,225
    Total .................................bullet 3b 27,344,165
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 3,415,151  
    4 Dividends and interest from securities.... 525990 66,880 14 3,503,921  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 160,969 18 -2,423,765  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL EXCISE TAX BENEFIT     		    01 32,211  
    bLIMITED PARTNERSHIPS 525990 -103,844 14 1,935,298  
    cREALIZED CURRENCY GAIN     14 77,986  
    dCLASS ACTION PROCEEDS     14 11,829  
    e
    12 Subtotal. Add columns (b), (d), and (e).. 124,005 6,552,631 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,676,636
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACCESS TO CAPITAL FOR ENTREPRENEURS3173 HIGHWAY 129 NORTH
    CLEVELAND,GA30528     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESS OWNERS IN GA. 100,000
    APPALACHIAN COMMUNITY CAPITAL DEVELOPMENT FOUNDATION110 PEPPERS FERRY ROAD NW
    CHRISTIANSBURG,VA24073     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE APPALACHIAN REGION. 100,000
    BABSON COLLEGE231 FOREST STREET
    BABSON PARK,MA024570310     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,254,701
    BABSON COLLEGE231 FOREST STREET
    BABSON PARK,MA024570310     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,893,765
    BLACK BUSINESS COMMUNITY DEVELOPMENT CORPORATION301 E PINE STREET SUITE 175
    ORLANDO,FL32801     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN FLORIDA. 100,000
    BRIDGEWAY CAPITAL707 GRANT ST SUITE 1920
    PITTSBURGH,PA15219     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS FOR SMALL BUSINESS OWNERS IN PENNSYLVANIA. 100,000
    BROOKLYN ALLIANCE INC335 ADAMS STREET SUITE 2700
    BROOKLYN,NY11201     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN BROOKLYN, NY 100,000
    CAROLINA SMALL BUSINESS DEVELOPMENT FUND3128 HIGHWOOD BLVD SUITE 170
    RALEIGH,NC27604     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS FOR SMALL BUSINESSES IN NC. 100,000
    CHICAGO COMMUNITY LOAN FUND29 E MADISON STREET SUITE 1700
    CHICAGO,IL60602     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE CHICAGO AREA. 100,000
    CINCINNATI STATE TECHNICAL AND COMMUNITY COLLEGE FOUNDATION3520 CENTRAL PARKWAY
    CINCINNATI,OH45223     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 235,378
    CINCINNATI STATE TECHNICAL AND COMMUNITY COLLEGE FOUNDATION3520 CENTRAL PARKWAY
    CINCINNATI,OH45223     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 248,315
    CITY COLLEGES OF CHICAGODISTRICT OFFICE 226 WEST JACKSON
    BLVD
    CHICAGO,IL606066998     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 688,763
    COASTAL ENTERPRISES30 FEDERAL STREET SUITE 100
    BRUNSWICK,ME04011     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS FOR SMALL BUSINESSES IN ME 100,000
    COLORADO ENTERPRISE FUND1888 SHERMAN STREET SUITE 530
    DENVER,CO80203     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN CO. 100,000
    COLUMBUS STATE COMMUNITY COLLEGE DEVELOPMENT FOUNDATION730 EAST LONG STREET
    COLUMBUS,OH43215     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 187,966
    COLUMBUS STATE COMMUNITY COLLEGE DEVELOPMENT FOUNDATION730 EAST LONG STREET
    COLUMBUS,OH43215     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 143,305
    COMMUNITY CAPITAL NEW YORK44 EXECUTIVE BLVD SUITE 203
    ELMSFORD,NY10523     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE GREATER NEW YORK AREA. 100,000
    COMMUNITY COLLEGE OF BALTIMORE COUNTY FOUNDATION7200 SOLLERS POINT ROAD
    BALITMORE,MD21222     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 301,611
    COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATION1700 SPRING GARDEN STREET
    PHILADELPHIA,PA19130     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,394,290
    COMMUNITY COLLEGE OF RHODE ISLAND400 EAST AVENUE
    WARWICK,RI02886     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 738,200
    COMMUNITY COLLEGE SYSTEM OF NH26 COLLEGE DRIVE
    CONCORD,NH03301     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 348,005
    COMMUNITY FIRST FUND51 SOUTH DUKE ST SUITE 400
    LANCASTER,PA17608     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN THE PA REGION 100,000
    COMMUNITY LOAN FUND OF NEW JERSEYD/B/A NEW JERSEY COMMUNITY CAPITAL
    108 CHURCH STREET
    NEW BRUNSWICK,NJ08901     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN NJ. 100,000
    COMMUNITY REINVESTMENT FUND801 NICOLLETT MALL SUITE 1700W
    MINNEAPOLIS,MN55402     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 100,000
    COMMUNITY REINVESTMENT FUND801 NICOLLETT MALL SUITE 1700W
    MINNEAPOLIS,MN55402     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 8,000,000
    CRAFT342 7TH STREET SUITE 100
    ASTORIA,OR97103     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN OR. 100,000
    CUYAHOGA COMMUNITY COLLEGE700 CARNEGIE AVENUE
    CLEVELAND,OH441152878     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 837,203
    DALLAS COUNTY COMMUNITY COLLEGE DISTRICT FOUNDATION1601 SOUTH LAMAR STREET
    DALLAS,TX752151816     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 461,778
    DELGADO COMMUNITY COLLEGE FOUNDATION615 CITY PARK AVENUE
    NEW ORLEANS,LA70119     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 383,699
    DELGADO COMMUNITY COLLEGE FOUNDATION615 CITY PARK AVENUE
    NEW ORLEANS,LA70119     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 368,971
    DES MOINES AREA COMMUNITY COLLEGE2006 S ANKENY BLVD
    ANKENY,IA50023     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 526,681
    DETROIT DEVELOPMENT FUND3031 W GRAND BLVD SUITE 505
    DETROIT,MI48202     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE DETROIT AREA. 100,000
    ESSEC BUSINESS SCHOOLAVENUE BERNARD HIRSCH CS 50105
      CERGY-PONTOISE CE95021
    FR     		  NC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 806,163
    FRIENDS OF TSINGHUA SCHOOL OF ECONOMICS AND MANAGEMENTTSINGHUA UNIVERSITY SCHOOL OF
    ECONOMICS AND MANGEMENT
      BEIJING100084
    CH     		  PC GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 120,643
    GREATER JAMAICA DEVELOPMENT CORPORATION9004 161ST ST SUITE 704
    JAMAICA,NY11432     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORT TO SMALL BUSINESS OWNERS IN JAMAICA, NY. 100,000
    HOPE ENTERPRISE CORPORATION4 OLD RIVER PLACE SUITE A
    AJACKSON,MS39202     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS FOR SMALL BUSINESSES IN AL, AR, LA, MI AND TN 4,434,130
    HOUSTON COMMUNITY COLLEGE SYSTEM FOUNDATION3100 MAIN STREET SUITE 12B12
    HOUSTON,TX77002     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 602,391
    IFF333 S WABASH AVNEUE SUITE 2800
    CHICAGO,IL60604     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN THE CHICAGO AREA. 100,000
    INITIATIVE FOR A COMPETITIVE INNER CITY56 WARREN ST STE 300
    ROXBURY,MA02119     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,606,010
    INTERNATIONAL FINANCE CORPORATION2121 PENNSYLVANIA AVE NW
    WASHINGTON,DC20433     		  GOV GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 1,000,000
    INTERNATIONAL FINANCE CORPORATION2121 PENNSYLVANIA AVE NW
    WASHINGTON,DC20433     		  GOV GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 2,059,820
    KENTUCKY HIGHLANDS COMMUNITY DEVELOPMENT CORPORATION362 OLD WHITLEY ROAD PO BOX 1738
    LONDON,KY40743     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFOTS IN KY. 100,000
    LAGUARDIA COMMUNITY COLLEGE31-10 THOMSON AVENUE
    LONG ISLAND CITY,NY111019976     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 444,604
    LIFTFUND INC2007 W MARTIN STREET
    SAN ANTONIO,TX78207     		  PC GRANT TO SUPPORT COVID-19 EFFORTS FOR SMALL BUSINESSES IN TX, NM, OK, AR, LA, AL, GA, FL, SC, TN AND KY. 1,293,547
    LOCAL INITIATIVES SUPPORT CORPORATION28 LIBERTY ST 34TH FL
    NEW YORK,NY10005     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORT FOR SMALL BUSINESSES IN NY. 100,000
    LONG BEACH CITY COLLEGE4901 EAST CARSON STREET MC G1
    LONG BEACH,CA90808     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 2,124,980
    LOW INCOME INVESTMENT FUND49 STEVENSON STREET SUITE 300
    SAN FRANCISCO,CA94105     		  PC GRANT TO SUPPORT COVID-19 EMERGENCY RELIEF EFFORTS TO SMALL BUSINESSES. 100,000
    MIAMI DADE COLLEGE300 NE 2ND AVENUE
    MIAMI,FL33132     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 932,891
    MOFI229 E MAIN STREET
    MISSOULA,MT59802     		  PC TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN MT, WY, ID, WA & OR. 100,000
    MORGAN STATE UNIVERSITY FOUNDATION1700 EAST COLD SPRING LANE
    BALTIMORE,MD21251     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 759,070
    MORGAN STATE UNIVERSITY FOUNDATION1700 EAST COLD SPRING LANE
    BALTIMORE,MD21251     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 253,072
    NATIONAL URBAN LEAGUE120 WALL STREET 8TH FLOOR
    NEW YORK,NY10005     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 222,484
    NATIONAL URBAN LEAGUE120 WALL STREET 8TH FLOOR
    NEW YORK,NY10005     		  PC GRANT TO SUPPORT COVID-19 NATIONAL RELIEF EFFORT AND THE 10,000 SMALL BUSINESSES INITIATIVE 501,254
    NEIGHBORHOOD TRUST FINANCIAL PARTNERS1112 SAINT NICHOLAS AVE 4TH FLOOR
    NEW YORK,NY10032     		  PC GRANT TO SUPPORT THE COVID-19 RELIEF EFFORTS OF NTFCU IN UPPER MANHATTAN. 100,000
    NEW YORK BUSINESS DEVELOPMENT CORPORATION LDC50 BEAVER STREET
    ALBANY,NY12201     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN NY, NJ AND PA 1,750,000
    NEW YORK CITY BUSINESS ASSISTANCE CORPORATION1 LIBERTY PLAZA 11TH FLOOR
    NEW YORK,NY10006     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 149,225
    NEW YORK CITY BUSINESS ASSISTANCE CORPORATION1 LIBERTY PLAZA 11TH FLOOR
    NEW YORK,NY10006     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN NYC 776,736
    OPPORTUNITY FINANCE NETWORK620 CHESTNUT STREET SUITE 572
    PHILADELPHIA,PA191063413     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 246,600
    OPPORTUNITY FINANCE NETWORK620 CHESTNUT STREET SUITE 572
    PHILADELPHIA,PA191063413     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS. 100,000
    OPPORTUNITY FUND COMMUNITY DEVELOPMENT111 W ST JOHN STREET SUITE 800
    SAN JOSE,CA95113     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN CA. 100,000
    PACIFIC COAST REGIONAL SMALL BUSINESS DEVELOPMENT CORPORATION3255 WILSHIRE BLVD SUITE 1501
    LOS ANGELES,CA90010     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORT FOR SMALL BUSINESS OWNERS IN LOS ANGELES, CA. 100,000
    PEOPLEFUND2921 E 17TH STREET BUILDING D STE 1
    AUSTIN,TX78702     		  PC GRANT TO SUPPORT COVID-19 REFIEF EFFORTS IN TEXAS 100,000
    PIDC- REGIONAL DEVELOPMENT CORP1500 MARKET STREET SUITE 3500 WEST
    WEST PHILADELPHIA,PA19102     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN THE PA REGION. 100,000
    SALT LAKE COMMUNITY COLLEGE FOUNDATION4600 SOUTH REDWOOD ROAD
    SALT LAKE CITY,UT84123     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,182,625
    SAN DIEGO REGION SMALL BUSINESS DEVELOPMENT CORP2448 HISTORIC DECATUR ROAD SUITE
    200
    SAN DIEGO,CA92106     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES NATIONALLY 700,000
    SCHOLARSHIP AMERICA1505 RIVERVIEW ROAD PO BOX 297
    ST PETER,MN56082     		  PC CONTRIBUTION TO SUPPORT SCHOLARSHIP PROGRAM 140,000
    SCHOLARSHIP AMERICA1505 RIVERVIEW ROAD PO BOX 297
    ST PETER,MN56082     		  PC CONTRIBUTION TO SUPPORT SCHOLARSHIP PROGRAM 45,000
    SCHWAB FOUNDATION FOR SOCIAL ENTREPRENEURSHIP91-93 ROUTE DE LA CAPITE - CH 1223
    COLOGNY
      GENEVA  
    SZ     		  NC GRANT TO SUPPORT SOCIAL ENTREPRENEURS IN COORDINATION WITH THE WORLD ECONOMIC FORUM. 200,000
    SINCLAIR COMMUNITY COLLEGE FOUNDATION444 WEST THIRD STREET
    DAYTON,OH45402     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 201,017
    THE CENTER FOR STRATEGIC ECONOMIC STUDIES & INSTITUTIONAL DEVELOPMENT777 S ALAMEDA STREET 2ND FLOOR
    LOS ANGELES,CA90021     		  PC TO SUPPORT 10,000 SMALL BUSINESSES INITIATIVE DURING THE COVID-19 CRISIS IN ATLANTA, GA; BALTIMORE, MD; PHILDELPHIA, PA AND STATE OF CA. 2,259,733
    THE HARBOR BANK OF MARYLAND COMMUNITY DEVELOPMENT CORPORATION25 W FAYETTE STREET
    BALTIMORE,MD21201     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORT IN BALTIMORE, MD 100,000
    UNIVERSITY OF LEEDSLEEDS UNIVERSITY BUSINESS SCHOOL
    MAURICE KEYWORTH BUILDING
    LEEDS   LS2 9JT
    UK     		  PC GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 840,350
    UNIVERSITY OF OXFORDSAID BUSINESS SCHOOL PARK END
    STREET
    OXFORD   OX1 1HP
    UK     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 2,964,018
    VIRGINIA COMMUNITY CAPITAL7814 CAROUSEL LANE
    RICHMOND,VA23294     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN VA. 100,000
    WAYNE STATE UNIVERSITY42 W WARREN AVENUE
    DETROIT,MI48202     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 1,013,569
    Total ...............................bullet 3a 50,542,563
    bApproved for future payment
    CINCINNATI STATE TECHNICAL AND COMMUNITY COLLEGE FOUNDATION3520 CENTRAL PARKWAY
    CINCINNATI,OH45223     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 248,315
    COLUMBUS STATE COMMUNITY COLLEGE DEVELOPMENT FOUNDATION730 EAST LONG STREET
    COLUMBUS,OH43215     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 286,608
    COMMUNITY COLLEGE OF BALTIMORE COUNTY FOUNDATION7200 SOLLERS POINT ROAD
    BALITMORE,MD21222     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 103,277
    COMMUNITY REINVESTMENT FUND801 NICOLLETT MALL SUITE 1700W
    MINNEAPOLIS,MN55402     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 100,000
    DALLAS COUNTY COMMUNITY COLLEGE DISTRICT FOUNDATION1601 SOUTH LAMAR STREET
    DALLAS,TX752151816     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 250,567
    DELGADO COMMUNITY COLLEGE FOUNDATION615 CITY PARK AVENUE
    NEW ORLEANS,LA70119     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 737,942
    ESSEC BUSINESS SCHOOLAVENUE BERNARD HIRSCH CS 50105
      CERGY-PONTOISE CE95021
    FR     		  NC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 806,163
    FRIENDS OF TSINGHUA SCHOOL OF ECONOMICS AND MANAGEMENTTSINGHUA UNIVERSITY SCHOOL OF
    ECONOMICS AND MANGEMENT
      BEIJING100084
    CH     		  PC GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 80,000
    GORDON INSTITUTE OF BUSINESS SCIENCEUNIVERSITY OF PRETORIA 26 MELVILLE
    ROAD
      SANDTON2196
    SF     		  PC GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 381,592
    HOUSTON COMMUNITY COLLEGE SYSTEM FOUNDATION3100 MAIN STREET SUITE 12B12
    HOUSTON,TX77002     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 301,195
    INTERNATIONAL FINANCE CORPORATION2121 PENNSYLVANIA AVE NW
    WASHINGTON,DC20433     		  GOV GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 19,121,527
    INTERNATIONAL FINANCE CORPORATION2121 PENNSYLVANIA AVE NW
    WASHINGTON,DC20433     		  GOV GRANT TO IMPLEMENT THE 10,000 WOMEN INITIATIVE 4,000,000
    MORGAN STATE UNIVERSITY FOUNDATION1700 EAST COLD SPRING LANE
    BALTIMORE,MD21251     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 506,146
    NATIONAL URBAN LEAGUE120 WALL STREET 8TH FLOOR
    NEW YORK,NY10005     		  PC GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE 271,608
    NEW YORK CITY BUSINESS ASSISTANCE CORPORATION1 LIBERTY PLAZA 11TH FLOOR
    NEW YORK,NY10006     		  PC GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESSES IN NYC 149,225
    Total ................................bullet 3b 27,344,165
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE GOLDMAN SACHS FOUNDATION
     
    Employer identification number

    31-1678646
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE GOLDMAN SACHS FOUNDATION
          		Employer identification number
    31-1678646
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THE GOLDMAN SACHS GROUP INC
     
    200 WEST STREET
     
    NEW YORK, NY10282

    		$ 125,185,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE GOLDMAN SACHS FOUNDATION
          		Employer identification number

    31-1678646
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE GOLDMAN SACHS FOUNDATION
          		Employer identification number

    31-1678646
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 267,950 53,078   142,629

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    ESSEC BUSINESS SCHOOL
          		AVENUE BERNARD HIRSCH CS 50105
    95021 CERGY-PONTOISE CEDEX
    FR     		2020-09-16 1,612,326 GRANT IN SUPPORT OF THE 10,000 SMALL BUSINESSES INITIATIVE IN FRANCE. 0 NO DIVERSION OF FUNDS TO THE KNOWLEDGE OF GSF. NARRATIVE AND FINANCIAL REPORTS PENDING AND EXPECTED    
    SCHWAB FOUNDATION FOR SOCIAL ENTREPRENEURSHIP
          		91-93 ROUTE DE LA CAPITE CH 1223
    COLOGNY
    GENEVA    
    SZ     		2020-01-28 200,000 GRANT TO SUPPORT SOCIAL ENTREPRENEURS IN COORDINATION WITH THE WORLD ECONOMIC FORUM. 200,000 NO DIVERSION OF FUNDS TO THE KNOWLEDGE OF GSF. FINAL REPORT RECEIVED SEPTEMBER 24, 2020    
    UNIVERSITY OF DAR ES SALAAM
          		PO BOX 3504 DAR ES SALAAM
    TZ     		2014-08-10 261,845 GRANT IN SUPPORT OF THE 10,000 WOMEN INITIATIVE IN TANZANIA. 261,845 NO DIVERSION OF FUNDS TO THE KNOWLEDGE OF GSF. FINAL REPORT RECEIVED SEPTEMBER 9, 2021    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 2,106,825 2,106,825
    AERCAP IRELAND CAPITAL DAC / A 643,356 643,356
    AIR LEASE CORP 1,470,778 1,470,778
    ALIMENTATION COUCHE-TARD 144A 77,519 77,519
    ALLIANT ENERGY FINANCE LL 144A 267,855 267,855
    ALLY FINANCIAL INC 25,521 25,521
    ALTRIA GROUP INC 653,679 653,679
    AMAZON.COM INC 535,134 535,134
    AMERICAN EXPRESS CO 638,136 638,136
    AMERICAN EXPRESS CREDIT CORP 230,767 230,767
    AMERICAN INTERNATIONAL GROUP I 488,550 488,550
    AMERICAN TOWER CORP 733,968 733,968
    ANHEUSER-BUSCH INBEV WORLDWIDE 268,153 268,153
    ARCH CAPITAL GROUP LTD 37,725 37,725
    ARCHER-DANIELS-MIDLAND CO 219,246 219,246
    AT&T INC 2,260,350 2,260,350
    AUSTRALIA & NEW ZEALAND BANKIN 260,780 260,780
    AUTOZONE INC 295,906 295,906
    BANK OF AMERICA CORP 4,870,465 4,870,465
    BANK OF AMERICA NA 387,180 387,180
    BANK OF MONTREAL 438,545 438,545
    BANK OF NEW YORK MELLON CORP/T 684,595 684,595
    BARCLAYS PLC 234,884 234,884
    BAT CAPITAL CORP 61,765 61,765
    BAYER US FINANCE II LLC 144A 530,397 530,397
    BECTON DICKINSON AND CO 836,235 836,235
    BERKSHIRE HATHAWAY ENERGY CO 309,083 309,083
    BOEING CO/THE 164,627 164,627
    BOOKING HOLDINGS INC 85,057 85,057
    BP CAPITAL MARKETS AMERICA INC 1,192,488 1,192,488
    BROADCOM CORP / BROADCOM CAYMA 2,371,981 2,371,981
    BURLINGTON NORTHERN SANTA FE L 32,913 32,913
    CAPITAL ONE FINANCIAL CORP 995,110 995,110
    CAPITAL ONE NA 328,907 328,907
    CARGILL INC 144A 291,635 291,635
    CELANESE US HOLDINGS LLC 487,314 487,314
    CENTERPOINT ENERGY INC 387,615 387,615
    CHARTER COMMUNICATIONS OPERATI 1,386,224 1,386,224
    CHUBB INA HOLDINGS INC 208,484 208,484
    CIGNA CORP 615,466 615,466
    CITIGROUP INC 4,195,513 4,195,513
    CITIZENS BANK NA/PROVIDENCE RI 831,515 831,515
    COMCAST CORP 928,794 928,794
    COMERICA BANK 425,384 425,384
    CONSTELLATION BRANDS INC 954,664 954,664
    CROWN CASTLE INTERNATIONAL COR 840,737 840,737
    CVS HEALTH CORP 298,559 298,559
    DELL INTERNATIONAL LLC / 144A 1,679,697 1,679,697
    DENTSPLY SIRONA INC 27,843 27,843
    DH EUROPE FINANCE II SARL 164,048 164,048
    DIAGEO CAPITAL PLC 646,608 646,608
    DISCOVER BANK 601,326 601,326
    DOMINION ENERGY INC 675,927 675,927
    DOMINION ENERGY INC 144A 312,129 312,129
    DTE ENERGY CO 696,491 696,491
    DUKE ENERGY CAROLINAS LLC 375,866 375,866
    DUKE ENERGY CORP 259,681 259,681
    DUPONT DE NEMOURS INC 308,199 308,199
    ENBRIDGE ENERGY PARTNERS LP 50,840 50,840
    ENBRIDGE INC 466,623 466,623
    ENTERPRISE PRODUCTS OPERATING 251,220 251,220
    EXELON CORP 85,253 85,253
    EXPEDIA GROUP INC 108,303 108,303
    FEDERAL NATL MTG ASSN 1,609,555 1,609,555
    FEDEX CORP 70,822 70,822
    FIFTH THIRD BANCORP 53,212 53,212
    FISERV INC 987,150 987,150
    FORD MOTOR CREDIT CO LLC 409,400 409,400
    FORTUNE BRANDS HOME & SECURITY 326,868 326,868
    FOX CORP 817,815 817,815
    GENERAL ELECTRIC CO 265,716 265,716
    GENERAL MOTORS CO 166,085 166,085
    GENERAL MOTORS FINANCIAL CO IN 896,408 896,408
    HALLIBURTON CO 32,055 32,055
    HEWLETT PACKARD ENTERPRISE CO 1,462,652 1,462,652
    HUNTINGTON NATIONAL BANK/THE 514,950 514,950
    IHS MARKIT LTD 144A 533,561 533,561
    INTERCONTINENTAL EXCHANGE INC 26,497 26,497
    JOHN DEERE CAPITAL CORP 570,171 570,171
    JPMORGAN CHASE & CO 4,923,463 4,923,463
    KEURIG DR PEPPER INC 985,980 985,980
    KEYBANK NA/CLEVELAND OH 334,441 334,441
    KEYCORP 202,096 202,096
    LLOYDS BANKING GROUP PLC 530,786 530,786
    MACQUARIE BANK LTD 144A 475,204 475,204
    MARSH & MCLENNAN COS INC 439,336 439,336
    METROPOLITAN LIFE GLOBAL 144A 408,884 408,884
    MITSUBISHI UFJ FINANCIAL GROUP 1,817,499 1,817,499
    MITSUI FUDOSAN CO LTD 144A 312,996 312,996
    MONDELEZ INTERNATIONAL HO 144A 354,319 354,319
    MORGAN STANLEY 3,649,743 3,649,743
    MUFG UNION BANK NA 335,306 335,306
    NEXTERA ENERGY CAPITAL HOLDING 549,260 549,260
    NISOURCE INC 141,741 141,741
    NORTHROP GRUMMAN CORP 269,521 269,521
    NXP BV / NXP FUNDING LLC 144A 610,025 610,025
    OCCIDENTAL PETROLEUM CORP 240,625 240,625
    ORACLE CORP 469,542 469,542
    PARKER-HANNIFIN CORP 305,660 305,660
    PAYPAL HOLDINGS INC 891,446 891,446
    PEPSICO INC 111,956 111,956
    PLAINS ALL AMERICAN PIPELINE L 657,639 657,639
    PRUDENTIAL FINANCIAL INC 129,698 129,698
    PUBLIC SERVICE ENTERPRISE GROU 278,330 278,330
    PUGET ENERGY INC 211,718 211,718
    RECKITT BENCKISER TREASUR 144A 462,762 462,762
    RELIANCE STANDARD LIFE GL 144A 539,293 539,293
    REPUBLIC SERVICES INC 288,756 288,756
    ROPER TECHNOLOGIES INC 320,154 320,154
    ROYAL BANK OF CANADA 335,628 335,628
    SEMPRA ENERGY 157,376 157,376
    SHERWIN-WILLIAMS CO/THE 13,414 13,414
    SOUTHERN CO/THE 403,148 403,148
    SOUTHERN POWER CO 203,706 203,706
    STATE STREET CORP 129,009 129,009
    SUMITOMO MITSUI FINANCIAL GROU 911,235 911,235
    SUNCOR ENERGY INC DISC 499,976 499,976
    SYNGENTA FINANCE NV 144A 419,772 419,772
    SYSCO CORP 77,008 77,008
    TIME WARNER ENTERTAINMENT CO L 204,552 204,552
    TRUIST BANK 800,722 800,722
    TRUIST FINANCIAL CORP 467,055 467,055
    UNION PACIFIC CORP 482,432 482,432
    UNITED PARCEL SERVICE INC 284,530 284,530
    US TREAS-CPI INFLAT 1,459,126 1,459,126
    VERIZON COMMUNICATIONS INC 2,029,552 2,029,552
    VISTRA OPERATIONS CO LLC 144A 595,612 595,612
    VW CREDIT INC DISC 589,897 589,897
    WALT DISNEY CO/THE 305,264 305,264
    WASTE MGT INC DISC 748,312 748,312
    WEA FINANCE LLC 144A 406,816 406,816
    WEC ENERGY GROUP INC 150,750 150,750
    WELLS FARGO & CO 1,417,485 1,417,485
    WELLS FARGO BANK NA 702,007 702,007
    WESTPAC BANKING CORP 1,279,111 1,279,111
    WILLIAMS COS INC/THE 322,571 322,571
    WISCONSIN ELECTRIC POWER CO 132,316 132,316
    XCEL ENERGY INC 75,213 75,213
    GREAT-WEST LIFECO US FINA 144A 75,330 75,330
    INTUIT INC 177,148 177,148
    TEXAS INSTRUMENTS INC 77,780 77,780
    SUNCOR ENERGY INC 78,914 78,914
    EQUITABLE FINANCIAL LIFE 144A 102,709 102,709
    PACCAR FINANCIAL CORP 288,701 288,701
    PHILLIPS 66 125,303 125,303
    NUTRITION & BIOSCIENCES I 144A 483,019 483,019
    ENTERGY LOUISIANA LLC 125,415 125,415
    CANADIAN NATURAL RESOURCES LTD 366,446 366,446
    FLORIDA POWER & LIGHT CO 167,750 167,750
    AETNA INC 157,823 157,823
    CANADIAN IMPERIAL BANK OF COMM 735,135 735,135
    BRISTOL-MYERS SQUIBB CO 902,704 902,704
    AVANGRID INC 520,002 520,002
    AIG GLOBAL FUNDING 144A 199,976 199,976
    MET TOWER GLOBAL FUNDING 144A 200,946 200,946
    PROTECTIVE LIFE GLOBAL FU 144A 429,781 429,781
    MPLX LP 670,748 670,748
    PACIFIC LIFE GLOBAL FUNDI 144A 225,599 225,599
    STANDARD CHARTERED PLC 144A 227,250 227,250
    DISNEY (WALT) CO DISC 249,560 249,560
    JEFFERIES GROUP LLC 273,110 273,110
    NEW YORK LIFE GLOBAL FUND 144A 279,796 279,796
    VOLKSWAGEN GROUP OF AMERI 144A 300,900 300,900
    TRANE TECHNOLOGIES GLOBAL HOLD 300,948 300,948
    ATHENE GLOBAL FUNDING 144A 302,313 302,313
    FIRST REPUBLIC BANK/CA 308,709 308,709
    CARRIER GLOBAL CORP 603,362 603,362
    FIFTH THIRD BANK NA 359,951 359,951
    ADOBE INC 360,238 360,238
    BROADCOM INC 392,464 392,464
    MARATHON PETROLEUM CORP 898,350 898,350
    SANTANDER UK PLC 428,368 428,368
    NATIONWIDE BUILDING SOCIE 144A 434,660 434,660
    NATWEST GROUP PLC 1,170,608 1,170,608
    TOYOTA MOTOR CREDIT CORP 452,300 452,300
    ALLSTATE CORP/THE 454,395 454,395
    UBS GROUP AG 144A 479,593 479,593
    OVINTIV EXPLORATION INC 571,258 571,258
    KINDER MORGAN INC 144A 620,488 620,488
    OTIS WORLDWIDE CORP 823,824 823,824
    NATWEST MARKETS PLC 144A 676,176 676,176
    TOTAL CAPITAL CDA DISC 749,535 749,535
    ASB FINANCE LTD DISC 749,722 749,722
    SKANDINAVISKA ENS DISC 749,849 749,849
    BAYERISCHE LNDSBK DISC 749,871 749,871
    HSBC HOLDINGS PLC 1,487,103 1,487,103
    APPLE INC 1,062,391 1,062,391
    TORONTO-DOMINION DISC 999,743 999,743
    SUMITOMO MITSUI DISC 999,780 999,780
    CREDIT SUISSE GROUP FUNDING GU 1,056,190 1,056,190
    T-MOBILE USA INC 144A 1,678,783 1,678,783
    CCP_CDX. SP UL CDX.NA.IG.34 CM 108,344 108,344
    MID-AMERICA APARTMENTS LP 24,908 24,908
    WASTE MANAGEMENT INC 25,072 25,072
    NEW YORK ST URBAN DEV CORP REV 25,078 25,078
    LOS ANGELES CA MUNI IMPT CORPL 25,111 25,111
    NEW YORK NY 116,016 116,016
    FRESNO CA UNIF SCH DIST 25,148 25,148
    VERIZON COMMUNICATIONS IN 144A 25,165 25,165
    UDR INC 25,482 25,482
    NEW YORK CITY NY TRANSITIONAL 25,684 25,684
    APPLIED MATERIALS INC 25,944 25,944
    LAM RESEARCH CORP 25,980 25,980
    AMDOCS LTD 26,251 26,251
    AGREE LP 26,557 26,557
    AIR PRODUCTS AND CHEMICALS INC 26,669 26,669
    LOWE'S COS INC 77,400 77,400
    OHIO POWER CO 27,283 27,283
    ESSEX PORTFOLIO LP 27,427 27,427
    ENTERGY CORP 27,555 27,555
    GLOBAL PAYMENTS INC 107,980 107,980
    ALEXANDRIA REAL ESTATE EQUITIE 229,828 229,828
    MARS INC 144A 109,913 109,913
    RUSH OBLIGATED GROUP 29,431 29,431
    BERKSHIRE HATHAWAY ENERGY 144A 29,572 29,572
    SOUTHERN CALIFORNIA EDISON CO 29,573 29,573
    RAYTHEON TECHNOLOGIES CORP 97,542 97,542
    NEW YORK LIFE INSURANCE C 144A 29,906 29,906
    AMERICAN HOMES 4 RENT LP 30,190 30,190
    AEP TRANSMISSION CO LLC 30,310 30,310
    MCDONALD'S CORP 32,727 32,727
    THERMO FISHER SCIENTIFIC INC 33,522 33,522
    WALMART INC 33,926 33,926
    STANFORD HEALTH CARE 34,166 34,166
    PACIFIC GAS AND ELECTRIC CO 124,969 124,969
    CANADIAN PACIFIC RAILWAY CO 52,474 52,474
    J M SMUCKER CO/THE 52,926 52,926
    BANNER HEALTH 53,295 53,295
    CIT GROUP INC 54,688 54,688
    WILLIS NORTH AMERICA INC 54,706 54,706
    NEWCREST FINANCE PTY LTD 144A 55,228 55,228
    AMERICAN CAMPUS COMMUNITIES OP 56,611 56,611
    MASTERCARD INC 57,044 57,044
    WP CAREY INC 57,437 57,437
    FLORIDA ST BRD OF ADMIN FIN CO 57,872 57,872
    HOME DEPOT INC/THE 60,160 60,160
    AUTONATION INC 60,167 60,167
    CSX CORP 61,959 61,959
    COMMONSPIRIT HEALTH 72,463 72,463
    COSTAR GROUP INC 144A 77,928 77,928
    WELLS FARGO COMMERC RC1 D 144A 81,239 81,239
    NATIONAL RETAIL PROPERTIES INC 81,584 81,584
    DUKE REALTY LP 82,919 82,919
    DBJPM 17-C6 MORTGAGE C6 D 144A 90,589 90,589
    IHS MARKIT LTD 91,115 91,115
    WALGREENS BOOTS ALLIANCE INC 105,848 105,848
    VEREIT OPERATING PARTNERSHIP L 110,394 110,394
    MORGAN STANLEY BANK OF A C25 B 112,498 112,498
    SPIRIT REALTY LP 112,590 112,590
    ZIMMER BIOMET HOLDINGS INC 113,238 113,238
    AT&T INC 144A 116,866 116,866
    ILLINOIS ST 118,383 118,383
    MET TRANSPRTN AUTH NY REVENUE 120,090 120,090
    ZOETIS INC 129,429 129,429
    PNC FINANCIAL SERVICES GROUP I 132,849 132,849
    VALERO ENERGY CORP 133,130 133,130
    STARBUCKS CORP 134,968 134,968
    UBS COMMERCIAL MORTGAGE C17 A4 164,352 164,352
    CALIFORNIA ST 175,580 175,580
    HIGHER EDUCATION FUND 1 A 144A 202,914 202,914
    NORTH CAROLINA ST EDU ASSISTAN 211,898 211,898
    ANHEUSER-BUSCH COS LLC / ANHEU 514,853 514,853
    HALSEYPOINT CLO 3 3A A1A 144A 250,949 250,949
    PFIZER INC 251,134 251,134
    BRAZOS HIGHER EDUCATION A 1 A2 251,942 251,942
    MORGAN STANLEY CAPITAL HR8 A4 259,735 259,735
    KILROY REALTY LP 265,066 265,066
    MIDAMERICAN ENERGY CO 296,935 296,935
    MORGAN STANLEY CAPITAL I L4 A3 327,600 327,600
    CENTENE CORP 477,000 477,000
    ATLAS SENIOR LOAN F 14A A 144A 500,193 500,193
    GNMA II POOL #0MA6221 847,349 847,349
    SHACKLETON 2013-III 3A AR 144A 991,555 991,555
    AMMC CLO XIV LTD 14A A1LR 144A 1,000,025 1,000,025
    FHLMC POOL #ZT-1778 1,023,861 1,023,861
    COMMIT TO PUR FNMA SF MTG 3,154,490 3,154,490
    COMMIT TO PUR GNMA II JUMBOS 8,456,080 8,456,080
    FHLMC POOL #SD-8034 1,080,965 1,080,965
    FHLMC POOL #RA-1411 1,086,420 1,086,420
    GNMA II POOL #0MA6544 1,969,946 1,969,946

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ADVANCE AUTO PARTS INC 422,127 422,127
    AERCAP HOLDINGS NV 347,092 347,092
    ALPHABET INC-CL A 1,209,322 1,209,322
    ALPHABET INC-CL C 3,805,083 3,805,083
    AMAZON.COM INC 1,667,548 1,667,548
    AMERCO 703,638 703,638
    AMERICAN EXPRESS CO 1,048,169 1,048,169
    ANTHEM INC 2,015,803 2,015,803
    AON PLC 1,418,678 1,418,678
    ARCOSA INC 444,933 444,933
    BAE SYSTEMS PLC 763,011 763,011
    BAIDU INC 1,304,143 1,304,143
    BANK OF NEW YORK MELLON CORP/T 1,480,095 1,480,095
    BERKSHIRE HATHAWAY INC 3,515,613 3,515,613
    BOOKING HOLDINGS INC 1,868,680 1,868,680
    CAPITAL ONE FINANCIAL CORP 403,506 403,506
    CIE FINANCIERE RICHEMONT SA 1,435,089 1,435,089
    CISCO SYSTEMS INC 402,750 402,750
    CITIGROUP INC 2,779,016 2,779,016
    COCA-COLA CO/THE 690,984 690,984
    COGNIZANT TECHNOLOGY SOLUTIONS 2,043,341 2,043,341
    COMCAST CORP 2,046,010 2,046,010
    CONOCOPHILLIPS 79,980 79,980
    DENTSPLY SIRONA INC 1,167,890 1,167,890
    DISH NETWORK CORP 491,568 491,568
    EXPEDIA GROUP INC 1,089,784 1,089,784
    EXXON MOBIL CORP 185,490 185,490
    FACEBOOK INC 2,623,155 2,623,155
    FEDEX CORP 552,212 552,212
    FOX CORP 600,704 600,704
    GENERAL ELECTRIC CO 1,408,558 1,408,558
    GENERAL MOTORS CO 704,549 704,549
    GRAFTECH INTERNATIONAL LTD 316,602 316,602
    GROUPE BRUXELLES LAMBERT SA 695,766 695,766
    HEIDELBERGCEMENT AG 1,241,263 1,241,263
    HILTON WORLDWIDE HOLDINGS INC 949,048 949,048
    IMPERIAL OIL LTD 376,376 376,376
    INFOSYS LTD 508,500 508,500
    ING GROEP NV 454,574 454,574
    JOHNSON & JOHNSON 818,376 818,376
    LIBERTY BROADBAND CORP 1,371,009 1,371,009
    LLOYDS BANKING GROUP PLC 584,591 584,591
    LYONDELLBASELL INDUSTRIES NV 322,185 322,185
    MACY'S INC 461,250 461,250
    MARRIOTT INTERNATIONAL INC/MD 1,497,292 1,497,292
    MARSH & MCLENNAN COS INC 954,603 954,603
    MICRON TECHNOLOGY INC 330,792 330,792
    MICROSOFT CORP 3,141,905 3,141,905
    MORGAN STANLEY 1,145,822 1,145,822
    NETFLIX INC 865,168 865,168
    NEWS CORP 934,440 934,440
    NXP SEMICONDUCTORS NV 1,225,649 1,225,649
    ORACLE CORP 310,512 310,512
    PEPSICO INC 874,970 874,970
    PROCTER & GAMBLE CO/THE 876,582 876,582
    PROGRESSIVE CORP/THE 827,527 827,527
    SAMSUNG ELECTRONICS CO LTD 2,280,423 2,280,423
    SODEXO SA 323,701 323,701
    STATE STREET CORP 414,846 414,846
    SYSCO CORP 935,676 935,676
    TELEFONICA BRASIL SA 605,871 605,871
    TESCO PLC 603,429 603,429
    UBS GROUP AG 1,336,453 1,336,453
    UNITEDHEALTH GROUP INC 1,227,029 1,227,029
    US BANCORP 186,360 186,360
    WALT DISNEY CO/THE 1,943,156 1,943,156
    WELLS FARGO & CO 1,815,900 1,815,900
    WESTINGHOUSE AIR BRAKE TECHNOL 268,864 268,864
    RICHEMONT(CIE FIN) WTS 8,244 8,244
    VISA INC 324,595 324,595
    SOUTHWEST AIRLINES CO 707,353 707,353
    DANONE SA 725,400 725,400
    COMPASS GROUP PLC 1,335,992 1,335,992
    NOVARTIS AG 1,774,824 1,774,824
    HEXCEL CORP 37,725 37,725
    WOODWARD INC 263,720 263,720
    VALMONT INDUSTRIES INC 12,245 12,245
    FIRST HAWAIIAN INC 146,196 146,196
    MSC INDUSTRIAL DIRECT CO INC 177,219 177,219
    RALPH LAUREN CORP 197,106 197,106
    TYSON FOODS INC 206,208 206,208
    UNILEVER PLC 241,440 241,440
    CHARLES SCHWAB CORP/THE 275,808 275,808
    HUNTSMAN CORP 336,876 336,876
    WADDELL & REED FINANCIAL INC 382,050 382,050
    INGREDION INC 684,429 684,429

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    US Government Securities - End of Year Book Value:

    5,465,582
    US Government Securities - End of Year Fair Market Value:

    5,465,582
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKROCK ADV S/C CORE-K FMV 9,357,794 9,357,794
    CAUSEWAY INTERNATL VAL-INST FMV 22,596,162 22,596,162
    EMERGING MARKETS EQUITY INDEX FMV 14,071,757 14,071,757
    FTSE DEVELOPED COMPREHENSIVE FMV 23,368,421 23,368,421
    GLDMN SCHS E/M EQ INSG-INST FMV 19,899,400 19,899,400
    GLDMN SCHS INTL S/C INSG-INS FMV 5,835,474 5,835,474
    GLDMN SCHS MLP ENRGY INF-INS FMV 12,792,099 12,792,099
    GLDMN SCHS RL EST SEC-INST FMV 12,254,490 12,254,490
    INTERNATIONAL EQUITY LONG-ONLY FMV 32,563,224 32,563,224
    RBC GLOBAL OPPPORTUNIT-R6 FMV 3,334,570 3,334,570
    GLDMN SCHS EMRG MKT DBT-INST FMV 27,604,611 27,604,611
    BRIDGEWATER PURE ALPHA FD II FMV 5,944,102 5,944,102
    CAXTON GLOBAL INV LTD CLASS E FMV 220 220
    D E SHAW VALENCE INTERNATIONAL FMV 13,073,379 13,073,379
    ELEMENT CAPITAL FEEDER FUND FMV 6,589,897 6,589,897
    EMINENCE FUND LTD CLASS A FMV 7,505,985 7,505,985
    SILVER POINT CAPITAL OFFSHORE FMV 7,429,307 7,429,307
    TACONIC OPPORTUNITY OFFSHORE FMV 5,179,157 5,179,157
    TWO SIGMA ABSOLUTE RETURN FMV 8,928,789 8,928,789
    TWO SIGMA PREMIA CAYMAN FMV 3,531,939 3,531,939
    TWO SIGMA RISK PREMIA CLASS A1 FMV 7,995,235 7,995,235
    THE ADELPHI EUROPE FUND C USD FMV 7,638,592 7,638,592
    ACCEL KKR CAPITAL PARTNERS V FMV 833,739 833,739
    ALTOR FUND II FMV 927,561 927,561
    ALTOR FUND V (NO.2) FMV 71,502 71,502
    AMERICAN SEC PARTNERS VI LP FMV 3,165,262 3,165,262
    AMERICAN SECURITIES PARTNERS FMV 814,079 814,079
    APOLLO INVESTMENT FUND VIII LP FMV 3,914,380 3,914,380
    ARCH VENTURE FD V LP FMV 235,645 235,645
    BAIN CAPITAL XII FMV 3,771,478 3,771,478
    BC EUROPEAN CAPITAL VIII-2 LP FMV 98,362 98,362
    BERKSHIRE FUND IX LP FMV 4,263,636 4,263,636
    BLACKSTONE CAPITAL PARTNERS V FMV 150,181 150,181
    CDH FUND IV FMV 1,197,650 1,197,650
    CENTERBRIDGE CAPITAL PTNRS III FMV 5,492,775 5,492,775
    CVC CAPITAL PARTNERS VII (A) FMV 950,436 950,436
    CVC EUROPEAN EQUITY PARTNERS V FMV 84,966 84,966
    H&F FLASHDANCE AIV I LP FMV 408,271 408,271
    HELLMAN & FRIEDMAN CAPITAL FMV 6,544,425 6,544,425
    HIG CAPITAL PARTNERS V LP FMV 3,179,879 3,179,879
    LITTLEJOHN FUND IV-A FMV 286,129 286,129
    LITTLEJOHN FUND VI FMV 1,145,454 1,145,454
    MHR INSTITUTIONAL PARTNERS II FMV 771,292 771,292
    OLYMPUS GROWTH VII LP FMV 1,399,474 1,399,474
    QUANTUM ENERGY PARTNERS V FMV 1,984,861 1,984,861
    RIVERSTONE GLOBAL ENERGY & FMV 699,668 699,668
    WATER STREET HC PARTNERS III FMV 929,267 929,267
    MONARCH V LP FMV 80,000 80,000
    PRIVATE MARKETS FUND III LP FMV 349,980 349,980
    HELLMAN & FRIEDMAN IX FMV 333,695 333,695
    INSIGHT PARTNERS (CAYMAN) XI FMV 2,458,081 2,458,081
    ODYSSEY INVEST PARTNERS VI LP FMV 68,339 68,339
    PARTHENON INVEST VI PARL LP FMV 46,725 46,725
    SANKATY SENIOR LOAN FUND FMV 12,361,417 12,361,417

    TY 2020 LegalFeesSchedule
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 60,780 60,780   0


    TY 2020 OtherAssetsSchedule
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST AND DIVIDENDS RECEIVABLE 1,255,409 1,170,073 1,170,073
    PREPAID FEDERAL UNRELATED BUSINESS INCOME TAX 154,523 154,523 154,523
    PREPAID STATE UNRELATED BUSINESS INCOME TAX 51,936 51,936 51,936
    PREPAID FEDERAL EXCISE TAX 550,740 542,926 542,926
    DEFERRED TAX ASSET 171,712    
    RECEIVABLE FOR UNREALIZED GAIN ON DERIVATIVES 18,102 27,954 27,954
    RECEIVABLE FROM SECURITIES SOLD 513,530 7,307,939 7,307,939


    TY 2020 OtherDecreasesSchedule
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Description Amount
    DEFERRED FEDERAL EXCISE 193,657


    TY 2020 OtherExpensesSchedule
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEES 1,735 0   1,735
    OTHER PARTNERSHIP EXPENSES THRU K-1S 0 955,701   0
    PROGRAM SPONSORSHIPS AND MEMBERSHIPS 17,500 0   17,500
    BANK FEES AND OTHER 843 843   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ORDINARY NET LOSS THROUGH K-1S, NET OF UBI   -3,313,200  
    FEDERAL EXCISE TAX BENEFIT 32,211   32,211
    LIMITED PARTNERSHIPS 1,831,454 1,935,298 1,831,454
    REALIZED CURRENCY GAIN 77,986 77,986 77,986
    CLASS ACTION PROCEEDS 11,829 11,829 11,829


    TY 2020 OtherIncreasesSchedule
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 36,479,523


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX 1,149,227 1,342,884
    PAYABLE FOR UNREALIZED LOSS ON DERIVATIVES 368,751 245,261
    PAYABLE FOR INVESTMENTS PURCHASED 51,338 14,874,408


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT AND CUSTODIAL FEES 2,469,848 1,714,774   0
    PROGRAM CONSULTANTS 691,602 0   384,977
    GRANT DUE DILIGENCE 2,053,852 0   2,095,934
    ADMINISTRATIVE CONSULTANTS 160 0   160
    GRANT PROGRAM EVENT MANAGEMENT 8,084 0   8,084


    TY 2020 TaxesSchedule
    Name:
    THE GOLDMAN SACHS FOUNDATION
    EIN:
    31-1678646
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL UNRELATED BUSINESS INCOME TAX 226,736 0   0
    STATE UNRELATED BUSINESS INCOME TAXES 30 0   0
    FOREIGN TAXES THROUGH K-1S, NET OF UBI 0 162,938   0