TY 2017 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 201832619349300328 - Rendered 2024-05-06 TIN: 31-1774905

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2017

Open to Public
Inspection

Name of the organization

Goldman Sachs Philanthropy Fund

Employer identification number

31-1774905

Return Reference	Explanation
BUSINESS RELATIONSHIPS	Form 990 Part VI Section A Line 2 The following officers of Goldman Sachs Philanthropy Fund are deemed to have a business relationship because they are officers in the same business or investment entity or because they are employed by a company where a Goldman Sachs Philanthropy Fund OFFICER OR DIRECTOR is an officer or director. PHILIP GIUCA, DONALD IRONS, KATHLEEN KINNE, BENJAMIN RADER, ANDREW KAISER (NO LONGER A DIRECTOR OF GOLDMAN SACHS PHILANTHROPY FUND EFFECTIVE 2/14/2017), ESTA STECHER, AND MEGAN TAYLOR.
FORM 990, PART VI, LINE 4	THE BOARD OF TRUSTEES OF GOLDMAN SACHS PHILANTHROPY FUND VOTED TO AMEND AND RESTATE THE BYLAWS IN FEBRUARY 2017. THE SIGNIFICANT CHANGE INCLUDED A CHANGE TO THE DEFINITION OF QUORUM, SUCH THAT ONE-THIRD OF THE ENTIRE BOARD OF DIRECTORS SHALL CONSTITUTE A QUORUM FOR THE TRANSACTING OF BUSINESS AT ANY MEETING OF THE BOARD OF DIRECTORS. GOVERNING BODY Form 990 Part VI Section B Line 11 GSPF'S FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS, LLP AND REVIEWED BY GSPF'S OUTSIDE COUNSEL AND SEVERAL IN-HOUSE GOLDMAN SACHS & CO. TAX ATTORNEYS WHO SUPPORT GSPF'S ACTIVITIES. IN ADDITION, THE RETURN IS REVIEWED BY THE PRESIDENT OF GSPF AND IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS IN ADVANCE OF FILING.
POLICIES	Form 990 Part VI Section B Line 12C GSPF'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO OFFICERS AND DIRECTORS ANNUALLY ALONG WITH A QUESTIONNAIRE THAT IS COMPLETED BY ALL OFFICERS AND DIRECTORS IN WHICH THEY ARE ASKED SPECIFIC QUESTIONS AND DISCLOSE INFORMATION REGARDING ACTUAL OR POTENTIAL CONFLICTS BETWEEN GSPF AND THEMSELVES OR CERTAIN RELATED PARTIES (AS DEFINED IN THE INSTRUCTIONS TO FORM 990). THESE QUESTIONNAIRES ARE COLLECTED AND REVIEWED ANNUALLY TO ENSURE COMPLIANCE WITH GSPF'S CONFLICTS POLICY. THE POLICY ITSELF ALSO REQUIRES ANY DIRECTOR OR OFFICER TO PROMPTLY DISCLOSE ANY CONFLICTS. INTERESTED DIRECTORS AND OFFICERS ARE REQUIRED TO RECUSE THEMSELVES FROM ANY DECISION ON MATTERS IN WHICH THEY HAVE AN INTEREST AND SUCH RECUSAL IS NOTED IN THE MINUTES.
GOVERNING DOCUMENTS	Form 990 Part VI Section C Line 19 GSPF'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
COMMITTEE RESPONSIBILITY	Form 990 Part XII Line 2C THE FULL GOLDMAN SACHS PHILANTHROPY FUND BOARD OF DIRECTORS ASSUMES RESPONSIBILITY AND OVERSIGHT OVER THE AUDIT REVIEW AND COMPILATION OF FINANCIAL STATEMENTS, AS WELL AS THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE BOARD DOES NOT DELEGATE THAT RESPONSIBILITY TO A COMMITTEE.

Return Reference

Explanation

BUSINESS RELATIONSHIPS

Form 990 Part VI Section A Line 2 The following officers of Goldman Sachs Philanthropy Fund are deemed to have a business relationship because they are officers in the same business or investment entity or because they are employed by a company where a Goldman Sachs Philanthropy Fund OFFICER OR DIRECTOR is an officer or director. PHILIP GIUCA, DONALD IRONS, KATHLEEN KINNE, BENJAMIN RADER, ANDREW KAISER (NO LONGER A DIRECTOR OF GOLDMAN SACHS PHILANTHROPY FUND EFFECTIVE 2/14/2017), ESTA STECHER, AND MEGAN TAYLOR.

FORM 990, PART VI, LINE 4

THE BOARD OF TRUSTEES OF GOLDMAN SACHS PHILANTHROPY FUND VOTED TO AMEND AND RESTATE THE BYLAWS IN FEBRUARY 2017. THE SIGNIFICANT CHANGE INCLUDED A CHANGE TO THE DEFINITION OF QUORUM, SUCH THAT ONE-THIRD OF THE ENTIRE BOARD OF DIRECTORS SHALL CONSTITUTE A QUORUM FOR THE TRANSACTING OF BUSINESS AT ANY MEETING OF THE BOARD OF DIRECTORS. GOVERNING BODY Form 990 Part VI Section B Line 11 GSPF'S FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS, LLP AND REVIEWED BY GSPF'S OUTSIDE COUNSEL AND SEVERAL IN-HOUSE GOLDMAN SACHS & CO. TAX ATTORNEYS WHO SUPPORT GSPF'S ACTIVITIES. IN ADDITION, THE RETURN IS REVIEWED BY THE PRESIDENT OF GSPF AND IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS IN ADVANCE OF FILING.

POLICIES

Form 990 Part VI Section B Line 12C GSPF'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO OFFICERS AND DIRECTORS ANNUALLY ALONG WITH A QUESTIONNAIRE THAT IS COMPLETED BY ALL OFFICERS AND DIRECTORS IN WHICH THEY ARE ASKED SPECIFIC QUESTIONS AND DISCLOSE INFORMATION REGARDING ACTUAL OR POTENTIAL CONFLICTS BETWEEN GSPF AND THEMSELVES OR CERTAIN RELATED PARTIES (AS DEFINED IN THE INSTRUCTIONS TO FORM 990). THESE QUESTIONNAIRES ARE COLLECTED AND REVIEWED ANNUALLY TO ENSURE COMPLIANCE WITH GSPF'S CONFLICTS POLICY. THE POLICY ITSELF ALSO REQUIRES ANY DIRECTOR OR OFFICER TO PROMPTLY DISCLOSE ANY CONFLICTS. INTERESTED DIRECTORS AND OFFICERS ARE REQUIRED TO RECUSE THEMSELVES FROM ANY DECISION ON MATTERS IN WHICH THEY HAVE AN INTEREST AND SUCH RECUSAL IS NOTED IN THE MINUTES.

GOVERNING DOCUMENTS

Form 990 Part VI Section C Line 19 GSPF'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.

COMMITTEE RESPONSIBILITY

Form 990 Part XII Line 2C THE FULL GOLDMAN SACHS PHILANTHROPY FUND BOARD OF DIRECTORS ASSUMES RESPONSIBILITY AND OVERSIGHT OVER THE AUDIT REVIEW AND COMPILATION OF FINANCIAL STATEMENTS, AS WELL AS THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE BOARD DOES NOT DELEGATE THAT RESPONSIBILITY TO A COMMITTEE.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2017

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