About The Position
YOUR IMPACT We are seeking a sophisticated and collaborative Charitable Officer to join our Goldman Sachs Trust Company Charitable Services team. This role is designed for a professional with a deep background in the charitable services, including extensive knowledge of tax-exempt structures as well as the IRS rules and regulations that govern charitable vehicles. This role will sit at the intersection of wealth management and social impact, helping ultra-high-net-worth individuals and families navigate the complexities of private foundations, charitable trusts and donor-advised funds. The ideal candidate is a client-facing expert, comfortable with sales, who can help facilitate complex philanthropic goals and has experience with the administration of private foundations and donor advised funds. You will work closely with internal trust officers, portfolio managers, and external legal counsel to ensure our clients’ legacies are preserved and their charitable intent is realized. Wealth Management Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking, and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data, and design. Private Wealth Management (PWM) Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for high-net-worth individuals and families, as well as select institutions, including foundations and endowments. PWM Teams work one-on-one with clients to advise and deliver customized strategies drawn from our deep investment experience, diverse wealth management capabilities and global reach. Our Private Wealth Advisors (PWAs) deliver an unparalleled investment platform inclusive of the full product and service offerings of Goldman Sachs and beyond, which may include tax and estate planning, philanthropic planning and private banking and lending services. As client needs evolve, this close relationship allows the team to offer complementary services and new opportunities by leveraging the resources of Goldman Sachs and beyond. Goldman Sachs Trust Company An essential component of Goldman Sachs' private wealth management offering, The Goldman Sachs Trust Company, N.A. ("GSTC") is a limited-purpose national bank providing world-class trust, estate, and charitable administration services to ultra-high-net-worth clients across the United States. GSTC leverages the global resources of Goldman Sachs to deliver integrated fiduciary management and administration, as well as comprehensive best-in-class investment management. Our team of dedicated fiduciary professionals collaborate closely with Goldman Sachs' Private Wealth Advisors ("PWAs") to provide our clients with superior service, while observing our responsibilities as an independent, professional fiduciary.
Requirements
- Education: Bachelor’s degree required; a J.D. or LL.M. in Taxation is highly preferred and considered a significant plus.
- Experience: 7+ years of professional experience in the charitable sector, specifically within a trust company, family office, donor advised fund or community foundation.
- Subject Matter Expertise: Proven track record managing Private Foundations and Donor-Advised Funds as well as working directly with clients
- UHNW Experience: Demonstrated success in managing relationships with UHNW clients and understanding the unique sensitivities of multi-generational wealth and philanthropy.
- Communication: Exceptional interpersonal skills with the ability to present complex information clearly to clients and internal stakeholders.
- Technical Knowledge: Familiarity with the tax implications of various charitable vehicles (CRTs, CLTs, Private Foundations etc.) and the regulatory landscape of the IRS and tax-exempt giving.
Nice To Haves
- a J.D. or LL.M. in Taxation is highly preferred and considered a significant plus.
Responsibilities
- Strategic Advisory: Act as a point of contact for our high-net worth clients regarding their philanthropic mission, providing guidance on grant-making strategies and long-term legacy planning.
- Fiduciary Oversight: Manage the administration of private foundations and DAFs helping provide guidance around state and federal regulations.
- Client Relationship Management: Lead client meetings across the country to review charitable impact, family meetings and philanthropic discussions.
- Cross-Functional Collaboration: Serve as a "team player" within the trust company, partnering with tax specialists and legal teams to review governing documents and tax filings (e.g., Form 990-PF).
- Travel: Engage in occasional travel to meet with clients and participate in sales meetings
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
