CSR News

ATLANTA--(BUSINESS WIRE)--May 30, 2007--The long relationship between Morehouse College and Goldman Sachs deepens further as the firm gives a donation to endow a chair at the College. The director for the Morehouse College Martin Luther King Jr. Collection will occupy the newly named The Goldman Sachs Leadership Chair in Civil and Human Rights. Morehouse is the steward of a 10,000-piece collection of memorabilia sermons and speeches of Dr. King in his own handwriting, including the "I Have A Dream" speech and Letter from Birmingham Jail. Dr. King is a 1948 graduate of Morehouse College. On Tuesday, June 5 at 10:45 a.m. Morehouse and Goldman Sachs will formally announce the foundation of this chair.

When: Tuesday, June 5, 2007 10:45 a.m.

Where: Martin Luther King Jr. International Chapel Lobby, 830 Westview Drive, SW, Atlanta, Georgia 30314 (on the Morehouse College campus)

Who: Walter E. Massey, President, Morehouse College; Lloyd C. Blankfein, Chairman and CEO; The Goldman Sachs Group, Inc.

The connection between Goldman Sachs and Morehouse is nearly 100 years old. John Hope, the first black president of Morehouse and Walter Sachs, the son of one of the founders of Goldman Sachs played significant leadership roles in the NAACP. Hope later served on the advisory board for the group. In 1909, Walter Sachs served as the first treasurer and chairman of the finance committee for the NAACP. Although Sachs' role was relatively unknown, he was an early figure. In 1906, Hope joined W. E. B. Du Bois and others in the Niagara movement. He was the only college president to participate in the protest meeting, which culminated with the founding of the NAACP. He later served on the advisory board for the group. In 1909, Walter Sachs served as the first treasurer and chairman of the finance committee for the NAACP. Although Sachs' role was relatively unknown, he was an early figure in the civil rights movement as he helped the organization establish special funds to promote an anti-lynching crusade and take legal action against discrimination.

*Media will park on Lee Lane, directly across the street from the MLK Chapel plaza.

Copyright Business Wire 2007

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