Friday, November 13, 2009

Goldman Foundation’s 2008 Tax Filing

On Thursday NYT's Geraldine Fabrikant reported on Goldman Sachs’s foundation and the unusual trading activities that were conducted by the charitable arm of Goldman.

Fabricant wrote:
“I have never seen anything like it,” said Verne O. Sedlacek, president of Commonfund, when shown the 2007 filing, which was nearly three inches thick. He has a good overview from the Commonfund, which manages more than $25 billion for universities, foundations and other not-for-profit groups.

The 2008 tax filing for the Goldman Sachs Foundation, a copy of which was provided by the firm late Wednesday, provides a glimpse of the legendary trading that has helped put the firm on track for its best year ever. The foundation, whose returns do not appear outsized in recent years, has placed a lot of its money in hedge funds and trades heavily in futures contracts based on baskets of stocks, bonds and currencies.
Via Dealbook, for your viewing pleasure, here is the foundation's 297 page tax filing, which includes its stock portfolio (that includes Anglogold Ashanti and Apple) and the list of organizations that it has donated money to.

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