Open Society (Soros) Foundations Announce $220 Million for Building Power in Black Communities

Soros Open Society

“This is the time for urgent and bold action to address racial injustice in America,” Alex Soros, George Soros’ son and deputy chair of the Soros family’s “Open Society Foundations,” said in a statement.

What kind of bold action is needed now?

NEW YORK—To support this nation’s historic movement towards racial justice, the Open Society Foundations today is announcing investments totaling $220 million in emerging organizations and leaders building power in Black communities across the country, placing a bet on their ability to carry today’s momentum toward a better tomorrow.

The largest share of this support—$150 million—will be through a set of five-year grants to Black-led justice organizations that helped to create and now sustain the momentum towards racial equality. Open Society’s response reflects our conviction that real progress requires sustained support over many years and letting leaders accountable to impacted communities shape the path forward.

“It is inspiring and powerful to experience this transformational moment in the racial justice movement,” said Open Society Foundations’ President Patrick Gaspard. “We are honored to be able to carry on the vital work of fighting for rights, dignity, and equity for oppressed people the world over started by our founder and chair, George Soros.

“We recognize that the struggle to dismantle systemic racism is an ongoing one; it has existed from the dawn of the republic to the present day, and is embedded in every level of government and in our penal and justice systems. But the power-surge of people who have taken to the streets to demand that this nation do better—people of all ages, from all backgrounds, and in every corner of this country—gives hope to us all.”

“The success of this movement, the largest in U.S. history, will be measured over years, not weeks, and we cannot say that Black lives matter and not make a multi-year commitment to a strategy set by and centering Black leaders and organizations who changed America’s sense of what is possible,” said Tom Perriello, executive director of Open Society-U.S.

https://www.opensocietyfoundations.org/newsroom/open-society-foundations-announce-220-million-for-building-power-in-black-communities

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