Goldman Sachs Gives Supports Tour de France Charity Race
Thirteen Goldman Sachs people, including eight partners of the firm, recently took part in the 2013 Trois Etapes Cycling Pro-Am.
The highly competitive cycling event, which took place from July 26 to 29, tackled the most demanding stages of the Tour de France including the highest mountain pass in the Alps, Col de l’Iseran. Each team raced in aid of a charity partner and from the nearly $1 million raised through Goldman Sachs Gives, $250,000 was specifically allocated to the event’s prize fund and distributed among the 15 participating charities in the form of post-race awards.
“This year’s prize fund will make a huge difference to all our charity partners, enabling them to enhance the lives of many charity service users across the globe,” said Niels Bryan-Low, CEO of event organizer Cosaveli. “On behalf of all the charities competing at the Trois Etapes we extend our sincere thanks to Goldman Sachs for their on-going support."
The 2013 event has so far raised $2.2 Million for charity partners and in the last 12 months, the event has raised $4 million for charity. Participating charities include SHINE, Anne Frank Trust, Right To Play, Walking With The Wounded, Shooting Star CHASE, Prostate Cancer UK, Empower, World Bicycle Relief, 1001 Fontaines, dZi Foundation, Qhubeka, Smilekers and FPDVS.
The mountain race consisted of a five kilometer prologue and two timed high mountain stages, including the Col de l’Iseran, with cyclists climbing 3,144 meters in total. The third stage of the challenge was unfortunately cancelled due to extreme weather conditions.