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The application program will be available again in December. Please return then to view the updated Eligibility and Awards for the 2020-2021 academic year! If you are an applicant who would like to discover more scholarship opportunities you might qualify for, please continue to the Scholarship America Hub and sign up!

 

Walter F. Blaine Scholarship Program
Application status: Closed

The Walter F. Blaine Scholarship Program provides undergraduate college or university scholarships to children of certain Goldman Sachs employees (as described below), including children of Goldman Sachs employee’s spouses (opposite or same-sex), civil partners, and domestic partners.

The partners of the firm established this program in January 1969 in honor of the late Walter F. Blaine, a Management Committee Partner who had almost 75 years of service with the firm.

All Phases of the scholarship competition, including selection of recipients, are administered by Scholarship America.

In addition to the Walter F. Blaine 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 Walter F. Blaine Scholarship Program must be:

  1. The scholarship award applicant must be a child* of a Goldman Sachs employee or the child* of a Goldman Sachs employee’s spouse, civil partner, or domestic partner. The Goldman Sachs employee must: (i) have been employed for at least one year by January 1 of the application year, (ii) be an employee scheduled to work at least 20 hours per week, and, (iii) not be a Participating Managing Director (PMD).
    *Child for the purpose of determining eligibility means “child” determined under section 152(f)(1) of the Internal Revenue code and includes:

    • A legally adopted individual;
    • An individual for whom you (or a spouse or Domestic Partner) have been awarded custody pursuant to a custody or guardianship award issued by a count or competent jurisdiction;
    • An individual who is lawfully placed for legal adoption;
    • An eligible foster child (i.e., individual who is placed with you (or your spouse or Domestic Partner) by an authorized placement or by judgement, decree or other order of any court of competent jurisdiction);
  2. The scholarship applicant must be either:
    • Entering an undergraduate college or university as a full-time student no later than the start of the entire next
      academic year; or
    • An undergraduate college or university student in good standing at the institution presently enrolled who will continue
      at an undergraduate college or university as a full-time student at the start of the entire next academic year.
  3. The scholarship applicant must not be an employee of Goldman Sachs or another investment bank or other institution providing competitive services at the time of either application or award.

In addition to meeting the application eligibility requirements above, the following requirements must be met at the time the scholarship is awarded:

  1. The Goldman Sachs employee must: (i) be an employee scheduled to work at least 20 hours per week, and (ii) not be a Participating Managing Director (PMD); and,
  2. The scholarship applicant must not be an employee of Goldman Sachs or another investment bank or other institution providing competitive services at the time of either application or award.

 

 

Up to ten (10) new annual awards of $4,000 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 three additional years or until a bachelor’s degree is earned, whichever occurs first. Renewal is contingent upon satisfactory academic performance in a full-time course of study and continuation of the program by The Goldman Sachs Foundation. An employee’s termination of employment does not affect award renewal.

Awards are for undergraduate study only.

Notification

Applicants will be notified in late March. Not all applicants to the program will be selected as recipients.

Payment of Scholarships

Scholarship America processes scholarship payments on behalf of The Goldman Sachs Foundation. Payments are mailed to each recipient’s home address in early August. Checks are made payable to the institution for the student’s account and to be used for tuition, fees and books.

Scholarship recipients are selected on the basis of:

  • Academic performance record
  • Demonstrated leadership and participation in school and community activities
  • Honors
  • Work experience
  • Statement of goals and aspirations
  • Unusual personal or family circumstances
  • Outside appraisal

Financial need will not be considered.

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.

Revisions
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:

  • A current, complete transcript of grades. Grade reports are not accepted. Transcripts must display the student name, school name, grades and credit hours for each course, as well as the term in which each course was taken.

Also as part of your application, one online recommendation form must be submitted on your behalf.

Your application is not complete unless all required documents are submitted electronically.

Questions? Contact us:

Email: walterfblainescholarship@scholarshipamerica.org
Phone: 507-931-1682 and ask for the Walter F. Blaine Scholarship Program

Questions regarding the scholarship program should be addressed to:

Walter F. Blaine Scholarship Program
Scholarship America
One Scholarship Way
Saint Peter, MN 56082

Goldman Sachs has partnered with Scholarship America. Selecting the button below will redirect you the Scholarship America Student Hub!