Philanthropy
New Philanthropy: A prominent investment-banking and securities firm has announced the launch of a new foundation to benefit education worldwide and pledged to award $10 million in grants during the 1999-2000 school year.
The Goldman Sachs Group Inc.'s foundation, announced last month, will support projects from prekindergarten through college, as well as adult education endeavors, Stephanie Bell-Rose, the president of the foundation, said in an interview.
"The objective of the Goldman Sachs Foundation is to make a lasting, positive impact on young people around the world at an important point in their lives," John C. Whitehead, the chairman of the foundation's Board of Directors,...
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