Investing in education – Goldman Sachs to donate $10M

The Goldman Sachs Foundation has announced three $1 million grants as part of its plan to contribute $10 million this year for education, Bloomberg New reports.

The three recipients are the Center for Talented Youth at Johns Hopkins University, the National Foundation for Teaching Entrepreneurship and the Indian School of Business in Hyderabad, India.

The Center for Talented Youth will use its grant to recruit qualified students.

The Manhattan-based National Foundation for Teaching Entrepreneurship will apply the funds to its goal of training low-income youth to enter the free-enterprise system.

The Indian School of business trains young people for business careers, particularly in the Pacific Rim.

The foundation’s $200 million endowment was created with a contribution from proceeds of the investment bank’s $3.66 billion initial stock sale in May.

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