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Goldman Sachs Gives Further 182,000 Dollars To Make Gifted Kids Entrepreneurs

Originally published 22 April 2004


The Goldman Sachs Foundation has announced that it is to give a further 182 000 dollars (£100,000) part of which will be match funding to encourage other businesses to get involved to the National Academy for Gifted and Talented Youth at the University of Warwick. This will support up to 100 additional Goldman Sachs Scholars in a program that includes entrepreneurship education and online mentoring from Goldman Sachs professionals and MBA students. The grant is an extension of the Foundation's previous support for NAGTY, the first of its kind from the Foundation outside the US.

The scholarships in entrepreneurship will be aimed at members of National Academy for Gifted and Talented Youth from less advantaged backgrounds. Student will be assigned mentors, (a combination of business professionals sponsoring the programme and MBA students). They will take part in a business plan competition, and also participate in entrepreneurship education provided by the National Foundation for Teaching Entrepreneurship.

The Academy is in active discussions with a number of other commercial and private sector bodies to support this and other programmes of work with gifted and talented young people.

Commenting on the new grant, Stephanie Bell-Rose, President of the Goldman Sachs Foundation, said, "Developing well-prepared leaders for tomorrow is a driving goal of the Foundation. This grant address critical needs in education - programs for gifted youth and literacy in business and entrepreneurship - while fostering student learning and teacher development in leadership, technology, and teamwork.”

Note for Editors:
The Goldman Sachs Foundation is a global philanthropic organization funded by The Goldman Sachs Group, Inc. The Foundation's mission is to promote excellence and innovation in education and to improve the academic performance and lifelong productivity of young people worldwide. It achieves this mission through a combination of strategic partnerships, grants, loans, private sector investments, and the deployment of professional talent from Goldman Sachs. Funded in 1999, the Foundation has awarded grants in excess of 54 million dollars since its inception, providing opportunities for young people in more than 20 countries.