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Nov 12 2009  

The Softer Side of Goldman

By Julie Steinberg

How convenient. After a week of self-aggrandizing comments from Lloyd Blankfein, we're beginning to see the softer side of Goldman Sachs.

The New York Times managed to get the 2008 tax filing for Goldman's foundation. Not wanting to seem curmudgeonly during bonus season, Goldman set aside $200 million for the foundation this year. By the end of September, the fund had about $400 million in assets.

Goldman has also created a donor-advised fund, which enabled partners to contribute money to charities of their choice. By June 30, 2008, the fund totaled $130 million. The largesse hasn't convinced everyone, however. Felix Salmon is disgruntled by the recipients of the foundation's gold: places like Johns Hopkins and the Asia Society.

Adding to today's theme of rainbows and unicorns is the case of the Goldman kittens. FT Alphaville posted earlier about a litter of kittens born at Goldman HQ that the bank promised to take to the vet. Happily, the bank has done so -- and found homes for them.

Goldman PR must be having a field day.

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