OVERVIEW: The Horace W. Goldsmith Foundation’s grants for global development tend to focus on poverty alleviation.
IP TAKE: Goldsmith supports several mid- and large-sized global development organizations. Few grassroots groups secure support from this funder. Grants are relatively sizable, so it may be worth the networking necessary to attract Goldsmith's funding.
PROFILE: In 1927, the late Horace W. Goldsmith became a member of the New York Stock Exchange, and in 1955, he established the Horace W. Goldsmith Foundation, which supports arts and culture, museums, health care, higher education programs, and Jewish causes in the U.S. On the international stage, the foundation supports various global development efforts, but appears to prioritize organizations that address global poverty.
It should be noted that when Goldsmith passed away in 1980, half of his foundation’s assets were divided between two new charitable vehicles, the Vital Projects Fund and the Charina Endowment Fund. However, the foundation still retained a large portion of its assets.
According to tax filings, Goldsmith's global development grantmaking appears to focus on global poverty alleviation. In doing so, the foundation supports a range of NGOs working in the field. For instance, myAgro, an organization that focuses its poverty alleviation programs on smallholder and rural farmers, is a Goldsmith grantee.
Goldsmith does not award many global development-related grants annually. However, grants tend to be substantial, and typically range from $100,000 to $300,000. The foundation does not restrict its grantmaking geographically, and its grants support groups working in developing countries around the world. Goldsmith seems to prioritize organizations working in Africa.
The Horace W. Goldsmith Foundation does not accept unsolicited requests for funding or letters of inquiry.
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Horace W. Goldsmith Foundation
375 Park Avenue, Suite 1602
New York City, New York 10152