Blankfein Foundation Gave More Than $1.7 Million in 2009

While some Wall Street executives cut back on their giving last year, Goldman Sachs CEO Lloyd Blankfein's foundation increased its giving by 25 percent, Bloomberg reports.

The New York City-based Lloyd and Laura Blankfein Foundation awarded more than thirty gifts totaling $1.7 million in the fiscal year that ended January 31, with gift amounts ranging from $250 (to the Long Island-based Bridgehampton Fire Department) to $620,000 (Harvard Law School). The foundation also increased its annual contribution to the Robin Hood Foundation from $5,000 to $46,500, Bloomberg reports. In addition, the foundation gave $500,000 to the Ethical Culture Fieldston School, which the Blankfeins' sons attended, and $50,000 to Barnard College, Laura Blankfein's alma mater.

Other gifts included $10,000 to Carnegie Hall; $5,000 each to the Brooklyn Academy of Music and the Roundabout Theatre Company; and $1,000 each to Dorot, the Animal Rescue Fund of the Hamptons, and New York Cares.

Over the past decade, the Blankfein Foundation has given away an average of $1.3 million annually. However, the extent of the Blankfeins' giving may go beyond what the foundation reports, said Rockefeller Philanthropy Advisors CEO Melissa Berman. "It's impossible to tell from the family foundation information the scope of what Lloyd Blankfein and his family care about," said Berman, "because I think we're only seeing a tiny fraction of what they're giving."

Patrick Cole. "Blankfein Charity Gives $1.7 Million to Harvard Law, Fieldston." Bloomberg News 07/07/2010.