Monday, March 16, 2015
Goldman Sachs Contributes $2 Million to LaGuardia Community College
Gail O. Mellow, the president of LaGuardia Community College, a two-year institution in Queens with 50,000 students, received an unexpected call. It was Lloyd C. Blankfein, the chief executive of Goldman Sachs, who surprised her with the news that the bank was giving the school $2 million. No restrictions applied.
Goldman had been involved with LaGuardia for five years through the company’s 10,000 Small Businesses initiative, a program offering management education and support services to new and aspiring entrepreneurs. The gift will nearly double LaGuardia’s small endowment and, Ms. Mellow said, aid the college’s students, many of whom are immigrants and come from families that earn less than $25,000 a year....