In the finance universe, 13Fs receive more than their fair share of attention at times, but there’s another filing that reveals other types of investments by some of the world’s best and most well-known investors: the 990-PF. Many hedge fund managers and institutional investors have their own foundations through which they dole out their millions or billions.
In the case of Goldman Sachs, it has its own philanthropic arm, which invests in a large number of hedge funds, private equity funds, stocks, and bonds.
Background on The Goldman Sachs Foundation
The Goldman Sachs Foundation was established in 1999 to support education, youth development and entrepreneurship around the globe. The foundation serves disadvantaged groups such as women and veterans and programs like 10,000 Small Businesses, aiming to foster economic opportunity and employee-driven initiatives via Goldman Sachs Gives. Grantees in 2024 included Babson College, Community College of Rhode Island, Cuyahoga Community College Foundation, International Finance Corporation, Houston Community College System Foundation, and Jumpstart Inc.
According to the 990-PF for 2024, which was filed in November 2025, The Goldman Sachs Foundation had $690.5 million in assets at the end of the year. The Goldman Sachs Group contributed about $25 million in 2024, accounting for all of the foundation’s contributions that year.
New fund investments in 2024 included the Bain Capital Life Sciences Fund IV fund, Black Equity Opportunities LLC, the iShares MSCI Japan ETF, Spectrum Equity Fund X-A, STG VII, and Wynnchurch Capital Partners VI.
Also see: The Goldman Sachs Foundation Invested in These Stocks and Hedge/ PE Funds
Capital gains and losses
The Goldman Sachs Foundation logged quite a bit of capital gains and losses for fiscal 2024. It gained $24.1 million on publicly traded securities and reported gains and losses on these funds:
- Accel-KKR Capital Partners V Strategic Fund: private equity firm focused on mid-market software and tech-enabled services.
- Altor Fund II and V: private equity
- American Securities Partners VIII: PE firm with $20 billion in committed capital.
- Apollo Investment Fund VIII: Apollo Global Management is a well-known alternative asset manager that invests in credit, equities and real assets, focusing on the private investment grade and fixed-income markets.
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
