11 Mar One Million Black Women
Goldman Sachs research has shown that one of the fastest ways to accelerate change and effectively begin to address the racial wealth gap is to listen to and invest in Black women.
In partnership with Black women-led organizations and other partners, our new investment initiative, One Million Black Women, will commit $10 billion in direct investment capital and $100 million in philanthropic support to address the dual disproportionate gender and racial biases that Black women have faced for generations, which have only been exacerbated by the pandemic.
One Million Black Women will compromise investments focused on key moments in Black women’s lives from early childhood through retirement. These investment areas include healthcare, education, housing, and small business, all aimed at narrowing opportunity gaps and positively impacting the lives of at least one million Black women.
Most importantly, the investment will be grounded in the stories, voices and experiences of Black women. Together with leading organizations representing Black women, Goldman Sachs is launching with a series of listening sessions to solicit input from across the country on the investments, companies, resources and programs that can be most impactful in serving Black women and transforming communities.