Partnership to Provide Holiday Gift of Education to Military Families
WASHINGTON, Dec. 15, 2010 /PRNewswire-USNewswire/ -- Fifty children and spouses of U.S. military members will receive a holiday "gift of education" thanks to a generous contribution from Goldman Sachs Gives in support of ThanksUSA's military family scholarship fund.
Goldman Sachs Gives' commitment of $150,000 will fund an additional 50 ThanksUSA scholarships for 2010, beyond the 200 scholarships already being awarded this year. The scholarships will be provided to the children and spouses of active-duty military personnel in all branches of service, including the National Guard and Reserves, and families of those fallen and wounded.
"This gift from Goldman Sachs Gives is extremely helpful and comes at one of the most meaningful times of the year," said Bob Okun, ThanksUSA's Chair and CEO. "We will now be able to bring good cheer to a much larger number of military families this holiday. It is our way of saying thanks to the service men and women and their families who sacrifice so much in keeping our nation safe."
The contribution is part of a $20 million Goldman Sachs Gives initiative to provide job placement and family assistance to veterans.
ThanksUSA awards needs-based scholarships to children and spouses of active-duty members of the military across all services, the Reserves and the National Guard for college, university and vocational or technical schools. Over the past five years, the non-profit, non-partisan charitable effort has awarded 2,300 scholarships totaling more than $6 million to military families in all 50 states and the District of Columbia.
About Goldman Sachs Gives
Established in 2007, Goldman Sachs Gives is a donor advised fund through which participating managing directors of the firm recommend grants to certain qualified charitable organizations. Goldman Sachs Gives is designed to harness the collective philanthropic efforts of Goldman Sachs and its people, providing an added means to increase their support of charitable organizations around the world. On January 21, 2010, Goldman Sachs announced a $500 million contribution to Goldman Sachs Gives.
Founded in the fall of 2005, ThanksUSA, a non-partisan 501(c) (3) organization, is an effort to thank the men and women of our Armed Forces and their families for their service to the country with the gift of education. The organization provides need-based, post-secondary education opportunities to the children and spouses of active-duty status military personnel through competitive scholarships. For more information, visit www.ThanksUSA.org.