Rutgers University Receives Major Scholarship Gift From Goldman Sachs Gives

NEW BRUNSWICK, N.J. – Outstanding New Jersey scholars who could not afford college are attending Rutgers University tuition free, thanks to a contribution from Goldman Sachs Gives, the donor-advised fund of Goldman Sachs partners. The $1.5 million gift was made at the recommendation of Harvey Schwartz, 1987 Rutgers graduate and a managing director at Goldman Sachs. The gift will provide tuition and other support to New Jersey high school students with pressing financial needs to pursue their undergraduate education at Rutgers’ School of Arts and Sciences.

Schwartz, a Morristown native, earned his bachelor’s degree in economics. He went on to earn an MBA from Columbia University and currently serves as global co-head of the Securities Division at Goldman Sachs.

 “I was fortunate to benefit from the opportunities that come with an education from an outstanding institution like Rutgers,” said Schwartz.  “We hope this partnership between Goldman Sachs Gives and Rutgers will open new opportunities for New Jersey students.”

“Harvey’s gift is the embodiment of the Rutgers spirit,” said Douglas Greenberg, executive dean of the School of Arts and Sciences and a 1969 Rutgers graduate. “Providing access to quality higher education to New Jersey students regardless of their financial circumstances lies at the very heart of the mission of Rutgers as The State University of New Jersey. We are deeply grateful to Harvey and Goldman Sachs Gives for their generosity to New Jersey students.”

 “Scholarship support from alumni and friends is vital to Rutgers’ ability to provide education and opportunity to students,” said Carol P. Herring, president of the Rutgers Foundation. “This wonderful gift will allow future generations of young women and men who may otherwise not be able to afford college tuition to realize their full potential though an education at Rutgers University.”

 The gift is part of Our Rutgers, Our Future, the university’s seven-year, $1 billion fundraising campaign to broaden and enhance the many ways Rutgers serves students, the state of New Jersey and beyond.

Established in 1766, Rutgers, The State University of New Jersey, is America’s eighth oldest institution of higher learning and one of the nation’s premier public research universities. Serving more than 56,000 students on campuses in Camden, Newark and New Brunswick, Rutgers offers more than 280 bachelor’s, master’s, doctoral and professional degree programs. The university is home to 27 degree-granting schools and colleges, and more than 150 specialized centers and institutes.

Offering an unparalleled liberal-arts education, the School of Arts and Sciences is the largest and most diverse unit at Rutgers. With more than 800 faculty, 23,000 students and 70 majors, the school provides an education of uncommon depth and breadth in the life sciences, the physical and mathematical sciences, the humanities, the social and behavioral sciences, and international studies. The school combines exceptional teaching with world-class research, creating opportunities for faculty to share their expertise in the classroom with a student body that uniquely combines academic excellence and social, economic, and cultural diversity. In a public research university like Rutgers, the School of Arts and Sciences educates citizens, trains the next generation of scholars and scientists and public leaders, and undertakes transformative research of value to our entire society.

Created in 2006 as part of a major initiative to transform undergraduate education at Rutgers, the school unites the four undergraduate Colleges of the Rutgers New Brunswick Campus: Douglass College, Livingston College, Rutgers College, and University College.  The mission of the School of Arts and Sciences is to serve the State of New Jersey through teaching and research that extend the boundaries of human knowledge and improve the quality of human life.

Goldman Sachs Gives is a donor advised fund – a public charity that maintains individual accounts for donors who recommend grants to qualified non-profit organizations from their accounts. Established in 2007, Goldman Sachs Gives enables Goldman Sachs and its people to leverage their donations to charities in the communities where they live and work, or elsewhere around the globe. The focus of this contribution is on those areas that have been proven to be fundamental to creating jobs and economic growth, building and stabilizing communities, honoring service and veterans and increasing educational opportunities.

The Goldman Sachs Group Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.