Goldman Sachs has launched the One Million Black Women Initiative to target the inequality facing black women across the U.S.
According to Philanthropy Women, $10B in direct investment capital and $100M in philanthropic capital will be committed to this initiative by Goldman Sachs. A new investment initiative of more than $10 billion to advance racial equity and economic opportunity by investing in Black women.
In partnership with Black women-led organizations, financial institutions and other partners, Goldman Sachs will commit $10 billion in direct investment capital and $100 million in philanthropic capital over the next decade to address the dual disproportionate gender and racial biases that Black women have faced for generations, which have only been exacerbated by the pandemic.
The initiative, One Million Black Women, is named for and guided by the goal of impacting the lives of at least 1 million Black women by 2030.