Open Society Institute
- Assets
- $5.9b
- Revenue
- $988.4m
- Investments
- $5.8b
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1994
- Data as of
- 12/2021
- EIN
- 13-7029285
Organization Overview
Open Society Institute is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Society Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Open Society Institute generated $988.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $556.4m during the year ending 12/2021. While expenses have increased by 16.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Open Society Institute has awarded 10,318 individual grants totaling $1,366,830,412. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN SOCIETY-U.S. SUPPORTS EFFORTS TO BUILDING VIBRANT, INCLUSIVE, AND MORE JUST SOCIETY IN THE UNITED STATES.
HRI SUPPORTS CIVIL SOCIETY GROUPS TO ENGAGE AT THE INTERNATIONAL, REGIONAL, AND NATIONAL LEVELS TO ENSURE THAT PEOPLE CAN EXERCISE THEIR RIGHTS.
ECONOMIC JUSTICE PROGRAM WORKS GLOBALLY TO PROMOTE ECONOMIC SYSTEMS AND PRACTICES THAT BUILD MORE EQUITABLE, SUSTAINABLE AND DEMOCRATIC SOCIETIES.
JUSTICE INITIATIVE PROGRAM REPRESENTS INDIVIDUALS BEFORE DOMESTIC AND INTERNATIONAL COURTS. DOCUMENT VIOLATIONS, PROPOSE SOLUTIONS AND ENGAGE POLICYMAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Gaspard President (former) | 0 | $1,244,454 | |
Leonard Benardo Vice President | 40 | $721,733 | |
Gail Scovell General Counsel, Secretary | 40 | $580,004 | |
Chipp Winston Global Dir, Comm | 40 | $577,635 | |
Laura Silber Vp, Advocacy & Communications | 40 | $545,908 | |
Binaifer Nowrojee - As Of 2121 Vp, Org. Transformation | 40 | $511,677 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cushman & Wakefield Inc | 12/30/21 | $1,555,608 |
Bit By Bit Computer Consultants Inc | 12/30/21 | $3,236,287 |
Nobis Group Inc | 12/30/21 | $1,291,000 |
Willkie Farr & Gallagher Llp | 12/30/21 | $1,181,745 |
Ernst & Young Us Llp | 12/30/21 | $920,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,780,018,584 |
| Interest on Savings | $2,691 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$840,168,569 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $48,498,192 |
| Total Revenue | $988,350,898 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,763,628 |
| Other employee salaries and wages | $71,994,384 |
| Pension plans, employee benefits | $40,436,014 |
| Interest | $64,843 |
| Taxes | $8,328,508 |
| Depreciation | $2,501,177 |
| Occupancy | $7,935,208 |
| Travel, conferences, and meetings | $928,679 |
| Printing and publications | $525,937 |
| Other expenses | $66,768,671 |
| Total operating and administrative expenses | $231,076,183 |
| Contributions, gifts, grants paid | $325,360,110 |
| Total expenses and disbursements | $556,436,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,247,848 |
| Savings and temporary cash investments | $1,115,123 |
| Net Accounts receivable | $4,710,182 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,774,661,818 |
| Net Land, buildings, and equipment | $40,755,638 |
| Other assets | $14,947,213 |
| Total assets | $5,888,437,822 |
| Accounts payable and accrued expenses | $169,310,628 |
| Grants payable | $539,069,583 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $61,997,616 |
| Total liabilities | $770,377,827 |
Grants Awarded
Over the last fiscal year, Open Society Institute has awarded $374,661,026 in support to 1,407 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $41,482,943 |
New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $32,272,738 |
BARD COLLEGE PURPOSE: TO PROVIDE GENERAL SUPPORT | $25,000,000 |
New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $23,500,000 |
New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $16,464,847 |
New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $5,250,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Open Society Institute has recieved totaling $1,800,067,000.
| Awarding Organization | Amount |
|---|---|
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT GRANTEE'S CHARITABLE, EDUCATIONAL, SCIENTIFIC, RELIGIOUS, AND LITERARY PURPOSES | $1,800,000,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $55,000 |
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $7,000 |
Owen Charitable Foundation Jupiter, FL PURPOSE: GENERAL PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glaxosmithkline Patient Access Programs Foundation Philadelphia, PA | $49,296,475 | $613,627,609 |
Open Society Institute New York, NY | $5,888,437,822 | $988,350,898 |
Otsuka Patient Assistance Foundation Inc Princeton, NJ | $34,929,350 | $187,909,465 |
Cummings Foundation Inc Woburn, MA | $1,791,094,797 | $324,805,086 |
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |