Driving Impact Through Investments and IINCNCLLUUSSIIVEVE G GRROOWWTTHH Philanthropic Partnerships We believe that a combination of commercial and philanthropic capital can be harnessed to create meaningful, lasting impact. In the past year, we’ve focused on a variety of investments, partnerships, and grants that align with important moments in Black women’s lives. Many of our focus areas for these investments and initiatives were identi昀椀ed through our listening sessions. Growing a Business Over $870 million of investment capital and more than $9 million Grameen America in philanthropic capital has been For the 昀椀rst time, Goldman Sachs has provided capital for invested alongside Black women microloans through a new partnership with Grameen. Our to date, laying the groundwork $20 million loan will help 昀椀nance small business loans to low- income Black women entrepreneurs as part of Grameen’s to directly impact the lives over new “Elevating Black Women Entrepreneurs” initiative 107,000 Black women across “Elevate.” Launched in May 2021, “Elevate” is a dedicated the country. program that will o昀昀er loan capital, technical assistance, and 昀椀nancial coaching to Black women small business owners. Grameen will partner with local organizations on outreach and recruitment, as well as tailor and strengthen its business and 昀椀nancial education programming to better meet the needs of Black women entrepreneurs. Collab Capital We invested in Collab Capital, an early-stage venture “This signi昀椀cant partnership with Goldman Sachs’ capital fund investing in Black founders. Collab Capital One Million Black Women will meaningfully address seeks to address the lack of capital access for Black funding gaps faced by emerging Black women entrepreneurs; currently, approximately 1% of venture entrepreneurs. By engaging with and directly capital goes to Black-founded companies while Black lending to communities of color, we are making Americans represent 14% of the US population. Collab 昀椀nancial inclusion a reality for tens of thousands of Capital also looks to optimize 昀椀nancial and social capital Black women now and far into the future.” to help Black founders build pro昀椀table and sustainable businesses, investing in tech and tech-enabled companies working on innovative solutions in niche or growth markets. ALETHIA MENDEZ Division President for Elevating Black Women SSSuuussstttaaaiiinnnaaabbbiiillliiitttyyy Re Re Repppooorrrttt 2 2 2000212121 IIInnncccllluuusssiiive Gve Gve Grrrooowwwttth | Oh | Oh | Onnne Me Me Miiilllllliiiooon Bn Bn Blllaaaccck Wk Wk Wooommmeeennn 575757 Entrepreneurs, Grameen America