The H.R. Young Graduate Scholarship Program provides graduate school scholarships to (i) children of certain Goldman Sachs employees (as described below), (ii) the spouses (opposite or same-sex), civil partners, or domestic partners of certain Goldman Sachs employees and (iii) the children of certain Goldman Sachs employees’ spouses (opposite or same-sex), civil partners or domestic partners.
The partners of the firm established this program in 1981 in honor of H.R. Young, a limited partner with over 50 years of service with the firm, who was the former head of Securities Sales (a predecessor of the Equities Division) and a member of the Management Committee at the time of his retirement.
All phases of the scholarship competition, including selection of recipients, are administered by Scholarship America.
In addition to the H.R. Young Graduate Scholarship Program specific to Goldman Sachs, the Scholarship America Hub can provide you access to additional external scholarship programs you may be interested in. Please note that these programs are not endorsed, nor sponsored by the firm.
Applicants to the H.R. Young Graduate Scholarship Program must be:
In addition to meeting the application eligibility requirements above, the following requirements must be met at the time the scholarship is awarded:
Up to five (5) new annual awards of $7,500 each will be granted.
The total number of awards will be based on the number and quality of applications received. Awards may be renewed for up to two additional years or until a graduate degree is earned, whichever occurs first. Renewal is contingent upon satisfactory academic performance and progress. An employee’s termination of employment does not affect award renewal.
Awards are for graduate study only.
In certain non-U.S. jurisdictions, the scholarship award, although awarded to the child of the employee or the child of the employee’s spouse, civil partner or domestic partner, may be taxable to the employee. Applicants and employees should consult with their personal tax, legal, and/or financial advisors regarding the tax consequences in their jurisdiction.
Applicants will be notified in late March.
Each scholarship award will become effective in the fall or as soon thereafter when the recipient is enrolled in graduate school. Not all applicants to the program will be selected as recipients. Students who apply for an award and is not selected as a recipient may reapply to the program each year he/she meets the eligibility requirements.
Payment of Scholarships
Payments are made in early August.
Scholarship America processes scholarship payments on behalf of The Goldman Sachs Foundation. Checks are made payable to the institution for the student’s account to be used for tuition, fees and books.
Scholarship recipients are selected on the basis of:
Financial need will not be considered.
Scholarships are conditioned upon the student’s continued enrollment.
Selection of recipients is made by Scholarship America. In no instance does any officer or employee of The Goldman Sachs Foundation play a part in the selection. All applicants agree to accept the decision as final.
The Goldman Sachs Foundation reserves the right to review the conditions and procedures of this scholarship program and to make changes at any time including termination of the program.
As part of your application, you must upload the following:
One online recommendation form must be submitted on your behalf no later than February 8, 2021 3:00 pm CT.
Your application is not complete unless all required documents are submitted electronically.
Questions? Contact us:
Phone: 507-931-1682 and ask for the H.R. Young Graduate Scholarship Program
Questions regarding the scholarship program should be addressed to:
H.R. Young Graduate Scholarship Program
One Scholarship Way
Saint Peter, MN 56082