Goldman Sachs 10,000 Women Wins Premiere Corporate Philanthropy Award PDF Print E-mail
Thursday, 02 June 2011 15:21

Yesterday Goldman Sachs Chairman and CEO Lloyd Blankfein accepted the Committee Encouraging Corporate Philanthropy's (CECP) Excellence Award in Corporate Philanthropy on behalf of 10,000 Women during a special event in New York City.  As a partner in 10,000 Women, we congratulate Goldman Sachs and look forward to further successes for this important program.

10,000 Women

10,000 Women is a five-year investment by Goldman Sachs to provide 10,000 underserved women around the world with a business and management education.

10,000 Women operates through a network of more than 70 academic and non-profit partners to develop locally relevant coursework for students and to improve the quality and capacity of business education. Click here to learn more.

From CECP's Press release:

Goldman Sachs and Bristol-Myers Squibb Win CECP’s Corporate Excellence Awards in Corporate Philanthropy; DonorsChoose.org, in Partnership with Crate and Barrel, Receives the Nonprofit Award for Corporate Partnership

Recognized for CEO Leadership, Dedication to Measurement, Partnership, and Innovation

New York, New York (June 1, 2011) --- Today, the Committee Encouraging Corporate Philanthropy (CECP), the only international forum of business leaders exclusively focused on raising the level and quality of corporate philanthropy, presents the 11th Annual Excellence Awards in Corporate Philanthropy to two corporations and one nonprofit from among an extraordinary pool of applications: The Goldman Sachs Group, Inc. for 10,000 Women; Bristol-Myers Squibb Company, for the SECURE THE FUTURE® Technical Assistance and Skills Transfer Program (TAP); and DonorsChoose.org for its partnership with Crate and Barrel. Winning programs are selected by a distinguished, independent, cross-sector jury who determine excellence according to the following criteria: demonstrated CEO leadership, dedication to measurement, successful partnership, and innovation.

The Excellence Awards will be presented to recipient CEOs at a special afternoon ceremony at the Time Warner Center in New York by CECP Chairman Douglas R. Conant, President and CEO, Campbell Soup Company. Lloyd C. Blankfein, Chairman and CEO, The Goldman Sachs Group, Inc., James M. Cornelius, Chairman, Bristol-Myers Squibb Company, and Charles Best, Founder and CEO, DonorsChoose.org will participate in a panel discussion moderated by past Excellence Award winner Darell Hammond, CEO and Founder of the nonprofit KaBOOM!. The Excellence Awards ceremony will be webcast live on CECP’s website: http://www.CorporatePhilanthropy.org/webcast.

“We are honored to present the Excellence Awards to these three exemplary programs,” says Charles Moore, Executive Director of CECP. “Each of these organizations has created a multiplier effect by building upon their initial investment and partnership successes, resulting in an even greater positive impact on important societal issues.”

The Goldman Sachs Group, Inc. receives the Chairman’s Award, given annually to a corporation with revenues greater than or equal to US $20 billion. The company’s 10,000 Women initiative is a five-year, $100 million program that is providing 10,000 underserved women in developing and emerging markets with a business and management education. The program is designed to foster economic growth around the world and was based on Goldman Sachs research highlighting the role that educating and empowering women plays in lifting GDP. 10,000 Women invests in the exponential power of women as entrepreneurs, managers and catalysts of social change.

By the end of 2011, 10,000 Women will have reached 5,000 women business owners in 22 countries. To date, nearly 70 percent of graduates of the program have reported increasing revenue and more than half have added new jobs.

“Goldman Sachs is honored to work with a network of more than 70 academic and nonprofit partners and to demonstrate that investing in women is one of the best ways to stimulate economic growth,” said Dina Habib Powell, President of the Goldman Sachs Foundation. “We are very pleased to see that thousands of graduates of 10,000 Women are building businesses, creating jobs and opening opportunity for others in their community.”

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About the Excellence Awards in Corporate Philanthropy

Since 2000, CECP has presented Excellence Awards annually to more than 20 companies such as Cisco Systems, GlaxoSmithKline, GE, General Mills, Inc., Hasbro, IBM, Intel Corporation, Merck, Moody’s Corporation, Novartis, Pfizer, The PNC Financial Services Group, salesforce.com, Target, The Western Union Company, and Whole Foods Market, and to nonprofits including the Boys & Girls Clubs of America, The Children’s Health Fund, Community Voice Mail,Jumpstart, KaBOOM!, National Academy Foundation, and Partners In Health. The awards jury comprises representatives from corporate, nonprofit, government, investment, consulting, media, and academic communities.

About the Committee Encouraging Corporate Philanthropy (CECP)

CECP is the only international forum of business leaders exclusively focused on raising the level and quality of corporate philanthropy. Membership includes more than 180 global CEOs and chairpersons of companies that collectively account for more than 40 percent of reported corporate giving in the United States.

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Food for Thought

“This dearth of management training also hinders micro, small, and midsize businesses. These are the largest source of jobs in most developing countries.”

- Guy Pfeffermann, "Into Africa", Global Focus, Summer 2008