Law School Announces Gift From Goldman Sachs Gives to Provide Scholarships
July 14, 2011 –Rutgers School of Law–Newark has announced a $500,000 grant from Alan and Deborah Cohen and Goldman Sachs Gives, a donor-advised fund, for need-based scholarships for full-time students.
The donation was made at the recommendation of Alan M. Cohen, a 1979 graduate of the law school. Cohen is executive vice president of Goldman Sachs and the firm’s head of global compliance.
“I am grateful for my education at Rutgers School of Law and the access to opportunities that this education provided me,” said Cohen. “I hope this gift will give deserving students the same chance to learn and succeed.”
The scholarship will be known as the Alan and Deborah Cohen Goldman Sachs Scholars Fund and scholarship recipients will be known as Goldman Sachs Scholars.
“For more than 100 years, Rutgers School of Law–Newark has demonstrated its commitment to the ideals of excellence, opportunity and impact by providing an exceptional education at a reasonable price,” said Dean John J. Farmer, Jr. “We are most grateful to Alan and Deborah Cohen and Goldman Sachs Gives for this generous gift, which, by helping us to expand student financial assistance, supports our continuing efforts to make legal education affordable to the less privileged.”
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 organization 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.