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:
In addition to meeting the application eligibility requirements above, the following requirements must be met at the time the scholarship is awarded:
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.
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. 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:
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.
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 Walter F. Blaine Scholarship Program
Questions regarding the scholarship program should be addressed to:
Walter F. Blaine Scholarship Program
One Scholarship Way
Saint Peter, MN 56082