Goldman Sachs Foundation is an independent non-profit foundation based in New York, New York. Established in 1999, the foundation seeks to promote innovation and excellence in education. The foundation supports strategic programs that include 10,000 women and 10,000 small businesses. Through 10,000 small businesses, the foundation provides under-served small business owners in the United States with access to capital, business education mentors, and networks. Through the 10,000 women initiative, the foundation fosters shared economic growth by providing 10,000 under-served women around the world with business and management education. The assets of the foundation are managed and governed by the executive management team.Goldman Sachs Foundation's investment portfolio is valued at $542.63 million as of December 31, 2018, with investments in domestic and international equity, natural resources, real estate, fixed income, private equity, hedge funds, and cash.