Foundation To Promote Open Society
- Assets
- $10.6b
- Revenue
- $677.3m
- Investments
- $10.5b
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 26-3753801
Organization Overview
Foundation To Promote Open Society is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Foundation To Promote Open Society 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 12/2022, Foundation To Promote Open Society generated $677.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $478.7m during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 4 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 2020, Foundation To Promote Open Society has awarded 5,763 individual grants totaling $3,795,301,132. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Soros Director And Chairman | 2 | $0 | |
Andrea Soros Colombel Director | 2 | $0 | |
Alexander Soros Director (appointed On 12/5/22) | 2 | $0 | |
Maija Arbolino Treasurer | 2 | $0 | |
Gail Aidinoff Scovell Secretary (resigned On 5/31/22) | 2 | $0 | |
Catherine Livingston Secretary (appointed On 12/7/2022) | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ngosource | 12/30/22 | $1,018,900 |
Kpmg Llp | 12/30/22 | $79,059 |
Kpmg Audit Srl | 12/30/22 | $50,588 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $646,711,080 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,590,765 |
| Total Revenue | $677,301,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $36 |
| Taxes | $20,774,790 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,356,293 |
| Total operating and administrative expenses | $28,737,769 |
| Contributions, gifts, grants paid | $449,926,451 |
| Total expenses and disbursements | $478,664,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,331,204 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,579,147 |
| 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 | $229,186 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,501,947,695 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $60,000,000 |
| Total assets | $10,595,087,232 |
| Accounts payable and accrued expenses | $1,110,269 |
| Grants payable | $136,885,020 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $84,259,444 |
| Total liabilities | $222,254,733 |
Grants Awarded
Over the last fiscal year, Foundation To Promote Open Society has awarded $557,263,587 in support to 1,409 organizations.
| Grant Recipient | Amount |
|---|---|
OPEN SOCIETY FOUNDATION LONDON PURPOSE: TO SUPPORT NON-LOBBYING ACTIVITIES AND PROGRAMS PROMOTING OPEN, DEMOCRATIC SOCIETIES AROUND THE WORLD | $42,768,104 |
SOROS ECONOMIC DEVELOPMENT FUND PURPOSE: TO SUPPORT GRANTEE'S PROGRAM RELATED INVESTMENT ACTIVITIES | $10,195,000 |
ALLIANCE FOR OPEN SOCIETY INTERNATIONAL INC PURPOSE: TO PROVIDE SUPPORT FOR OPEN SOCIETY INSTITUTE-BALTIMORE'S CHARITABLE PROGRAMS AND OPERATIONS | $6,923,320 |
AMALGAMATED CHARITABLE FOUNDATION PURPOSE: TO SUPPORT THE EQUIS INSTITUTE, A PROJECT OF THE GRANTEE THAT SEEKS TO HELP LATINX COMMUNITY-BASED ORGANIZATIONS OVERCOME RACISM AND HISTORIC DISENFRANCHISEMENT TO ELEVATE LATINX VOICES IN OUR DEMOCRACY | $8,362,000 |
HOPEWELL FUND PURPOSE: TO SUPPORT THE DEMOCRACY DOCKET LEGAL FUND, WHICH CHALLENGES SUPPRESSIVE VOTING LAWS AND PRACTICES IN COURT | $5,000,000 |
INTERNATIONAL CRISIS GROUP (WASHINGTON OFFICE) PURPOSE: TO PROVIDE GENERAL SUPPORT | $4,424,260 |