The Open Society Foundation, a foundation founded by is undergoing major changes under new management. In the first half of June, we learned that he also took over $ 25 billion. father’s estate. Alex Soros immediately started making changes to the foundation.
The Soros Foundation cuts spending in the European Union
to the Open Society Foundation’s internal e-mail, which shows that the organization’s charitable activities will focus on global activities at the expense of spending on the European Union. “This change does not reflect the past and the commitment our team has put in over the years, but rather is a decision that looks to the future and is based on opportunities to make a significant impact,” we read.
The message did not include details of the new allocation of funds, but a spokesperson for the foundation said it would continue to support civil society organizations in Europe, including those dealing with foreign affairs. He added that support for Roma communities would be maintained. Alex Soros, in an e-mail quoted by Reuters, emphasized that although the foundation is changing the way it works, together with its family it has long supported projects in Europe and will continue to be involved in them. The Soros Foundation spends $1.5 billion a year and continues to channel money through local organizations to Ukraine, Moldova, Kyrgyzstan and the Western Balkans.
Under the new model, most of our grants will go to specific impact opportunities that will be identified in the coming months. Our work in Europe has always evolved and the new developments are no departure from this long-term trend
said a spokesperson for the Open Society Foundation.
Alex Soros has a more political vision than his father
, speaking of taking control from his father, stated that he was “more political” than him and that he planned to continue to financially support the left in . – Until the other side [prawica – przyp. red.] puts money into politics, we have to do the same. The son of a well-known investor announced that he would expand the priorities of the Open Society Foundation to include voting and abortion rights, as well as gender equality. In addition, a spokesman for Alex Soros told the Financial Times that the foundation intends to “reduce its efforts” to defend electoral rights and personal freedom at home and “support the cause of democracy abroad.”
One of the biggest changes that Alex Soros made when he took over the foundation from his father was the decision to make collective redundancies. We found out in July
Source: Gazeta
At 247 News Agency, Jason has covered a wide range of topics, from politics and business to crime and entertainment. He is highly respected by his colleagues and peers, and his articles are widely read and shared. With a passion for news and a commitment to accuracy, Jason Root is a valuable asset to the 247 News Agency team.
