One Million Black Women

10 years. $10 billion in investment capital. $100 million in philanthropic capital. One million Black women.
The Opportunity
Goldman Sachs One Million Black Women is a $10 billion investment commitment with $100 million in philanthropic capital to drive economic opportunity for one million Black women by 2030. One Million Black Women is a first-of-its-kind comprehensive investment focused on key moments in Black women’s lives from early childhood through retirement, increasing opportunity where investment could make all the difference. To date, One Million Black Women has deployed nearly $3 billion in investment capital and $39.4 million in philanthropic capital, laying the groundwork to impact the lives of over 300,000 Black women.
Our Impact Pillars
Our comprehensive investment strategy in Black women includes investments and philanthropic grants which drive impact across six pillars.
Featured Grants and Investments
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Melissa Hanna, Founder, Mahmee
Collab Capital

Invests in early-stage Black-owned innovative businesses to help establish a pathway to economic parity for the Black community

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Residences at Woodlake

Helps ensure Black families have access to stable and affordable housing 

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Bloc Power

Helps expand broadband access to low-income neighborhoods in New York City

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Brighter Future Fund

Helps ensure Black women have access to childcare co-located with their housing and other community resources

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Prosp(a)rity Project

Provides financial coaching and scholarships to help college educated Black women get out of student debt

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Mahmee

Provides wraparound care to meet the unique needs of new and expecting parents

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CareAcademy

Helps empower caregiving professionals with best-in-class online tools and training 

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Our Starting Point: Rooted in Research
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. Reducing the earnings gaps for Black women has the potential to create 1.2 – 1.7 million US jobs, and to increase the annual GDP by $300 - $450 billion in current dollars. Imagine Black women closing the 90% wealth gap their households faced compared with white households. Imagine Black women’s wages on par with those of white women, currently 15% higher, or white men, 35% higher. Imagine Black women entrepreneurs receiving more than 0.3% of venture capital funding.
Black Womenomics: Investing in the Underinvested Card Image
Black Womenomics: Investing in the Underinvested
Black Womenomics: Equalizing Entrepreneurship Card Image
Black Womenomics: Equalizing Entrepreneurship
News & Program Information
  • Forbes
    Black Women Are a Good Investment: Inside Goldman Sachs’ $10 Billion Economic Plan
  • Amsterdam News
    Goldman Sachs/NYC offer funds for Minority Business developers
  • Yahoo Finance
    How Goldman Sachs is Boosting Business Led by Black Women
One Million Black Women
Our Advisory Council
Our Advisory Council composed of 16 Black leaders spanning across philanthropy, business, nonprofits, education, government, and art has been critical to our work, guiding the scope of our investments and accelerating progress towards our goal of helping to impact at least one million Black women by 2030.