Elsewhere online
March 04, 2016

Goldman Sachs Seeks Input From Young Staff on Giving

Wall Street giant Goldman Sachs announced a new philanthropic fund Thursday that will make donations based on pitches for nonprofits from the firm's younger employees, writes The New York Times. The Analyst Impact Fund, part of the company's larger donor-advised fund, will make grants of $100,000, $50,000, and $25,000 after vetting charity proposals from staff teams.

The move to expand Goldman Sachs's philanthropy to younger staff reflects studies showing that a sense of purpose in the workplace is a high priority for millennials and that younger people overwhelmingly view financial performances as only one facet of corporate success.