NATIONAL NEWS

George Soros’ Open Society Foundations plan to limit their grantmaking until February

Jul 20, 2023, 7:55 AM

FILE - George Soros, founder and chairman of the Open Society Foundations, attends the Joseph A. Sc...

FILE - George Soros, founder and chairman of the Open Society Foundations, attends the Joseph A. Schumpeter Award ceremony in Vienna, Austria, June 21, 2019. Open Society Foundations said Wednesday, July 19, 2023, that they plan to limit new grantmaking until February, as the nonprofits transition to a new operating model run by billionaire investor Soros’ son, Alex. A spokesperson for the foundations said that the pause will not affect current grantees. (AP Photo/Ronald Zak, File)
Credit: ASSOCIATED PRESS

(AP Photo/Ronald Zak, File)

NEW YORK (AP) — Open Society Foundations said Wednesday that they plan to limit new grantmaking until February, as the nonprofits transition to a new operating model run by billionaire investor George Soros’ son, Alex. A spokesperson for the foundations said that the pause will not affect current grantees.

In a letter addressed to “friends and partners,” Open Society Foundations President Mark Malloch-Brown wrote, “Technological, environmental, political, and socioeconomic shifts are challenging open society ideals around the world. This flux demands that we reimagine our philanthropy.”

Part of that reimagining will cut OSF’s global staff of 800 in 20 countries by 40%, which Malloch-Brown called, “painful news for all concerned.” It also means changes to the length of OSF grants.

“This will often mean multiyear commitments enabling our partners to invest in ambitious, long-term action—with clear, measurable goals that would not be met without Open Society’s involvement,” wrote Malloch-Brown, who said OSF would honor existing financial commitments, but may not renew some of them.

Major changes at important foundations are never easy for grantees, said Kathleen Enright, president and CEO of the Council on Foundations.

“When foundations are open and transparent, keep funding flowing as much as possible, and give grantees time to plan, it’s a bit easier,” she said. “Given that it’s not just individual organizations that are affected, but often a whole ecosystem of nonprofits, foundations going through major change ask themselves: How can we be a good partner and maintain the strength of this field?”

Some current grantees worried about the impact the staffing changes and new model will have on their funding, saying the uncertainty itself has a cost especially for small organizations. OSF are one of the largest funders of human rights organizations and also have funded nonprofits that advocate for free speech, work on treatments and policies for drug addiction and more recently climate justice.

OSF donated $1.5 billion globally in 2021, the most recent year that has full data available. That included $401 million in the United States and $209 million in Europe and Central Asia.

Malloch-Brown also unveiled OSF’s new executive leadership team, which includes vice presidents, Pedro Abramovay and Binaifer Nowrojee, and vice president and chief operating officer, Sandra Breka. Alex Soros was elected OSF’s chairman of the board in December.

_____

Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.

National News

FILE - The Fulton County, Ga., Jail is seen, April 11, 2023, in Atlanta. The Bail Project, a nation...

Associated Press

National bail fund returns to Georgia after judge says limits were arbitrary

ATLANTA (AP) — The Bail Project, a national nonprofit that aids thousands of low-income people behind bars, said Monday it is reopening its Atlanta branch after a judge temporarily blocked part of a Georgia law that restricts organizations from helping people pay bail. Last month, the Bail Project said it would no longer be able […]

8 minutes ago

Associated Press

Shooting outside a Mississippi nightclub kills 3 and injures more than a dozen

INDIANOLA, Miss. (AP) — A shooting outside a Mississippi nightclub left three people dead and more than a dozen injured over the weekend, authorities said. A large crowd gathered outside a club near the Sunflower County courthouse in Indianola early Sunday, and officers were putting up barriers to help with traffic flow before the shooting […]

30 minutes ago

Associated Press

Truck driver charged in Ohio interstate crash that killed 3 students, 3 others

A truck driver in Ohio has been charged with aggravated vehicular homicide in a chain-reaction crash involving a charter bus filled with high school students that left six people dead and 18 injured. The crash on Interstate 70 last November killed three students on the bus and a teacher and two chaperones who were in […]

40 minutes ago

Associated Press

Evacuations lifted for Salt Lake City fire that triggered evacuations near state Capitol

SALT LAKE CITY (AP) — Authorities in Utah lifted evacuation orders for a wildfire in Salt Lake City that threatened neighborhoods near the state Capitol over the weekend. The evacuation order was lifted late Sunday after authorities said more than 100 firefighters worked to protect homes. Officials cautioned that residents needed to remain ready to […]

50 minutes ago

Associated Press

Baltimore man arrested in deadly shooting of 12-year-old girl

BALTIMORE (AP) — A Baltimore man was arrested Sunday in the recent shooting of a 12-year-old girl who was found dead on the first floor of an east Baltimore rowhome. The shooting occurred Friday night. Police said they quickly identified Omar Passmore, 28, as a suspect. Passmore had a child with the victim’s mother, according […]

57 minutes ago

U.S. Ambassador to the United Nations Linda Thomas-Greenfield, second right, steps off a U.S. Air F...

Associated Press

US ambassador visits Haiti to meet new leaders and Kenyan police helping to curb gang violence

UNITED NATIONS (AP) — The U.S. ambassador to the United Nations traveled to Haiti on Monday to meet leaders of the new transitional government and the Kenyan police who are the vanguard of a U.N.-backed force meant to help the country’s national police curb widespread gang violence. A senior U.S. administration official said Ambassador Linda […]

2 hours ago

George Soros’ Open Society Foundations plan to limit their grantmaking until February