The Goldman Sachs Foundation was funded in 1999 with a $200 million donation from The Goldman Sachs Group, Inc.
The Foundation's mission is to promote excellence and innovation in education worldwide. The Foundation is an important extension of the tradition of philanthropy and public leadership at Goldman Sachs.
Grants have been awarded in excess of $114 million since its inception, providing opportunities for young people in more than 20 countries.
Rey Faustino, who experienced poverty and had to make ends meet to help his struggling family, has launched San Francisco-based One Degree, a free website that connects economically disadvantaged people with nonprofits and charities.