Open Society Foundations revealed Tuesday its first new commitment after a years-long internal reorganization, pledging $400 million over eight years to support green economic development.
Business Binaifer Nowrojee, the president of the Open Society Foundations, poses for a portrait in her organization's offices, Monday, July 15, 2024, in Washington. OSF made its first new commitment after a years-long internal reorganization, pledging $400 million over eight years to support green economic development.
Kathleen Enright, president and CEO of the Council on Foundations, said foundations reevaluate their strategy in response to changing external conditions like new regulations or changing political environments and that philanthropic leaders actually have an obligation to make strategic changes to better accomplish their missions.
Soros, a Hungarian Jew who made his fortune as an investor, most famously in foreign currencies, survived the Nazi occupation and eventually emigrated to the United Kingdom and then the United States, where he became a citizen. The foundations, comprised of a number of international and U.S.
“These changes have been extremely difficult, and not just for us, but also for grantees and people in the larger network that we work with,” she said. Her goal for her first year as OSF's president is to try to heal some of the sadness, grief and anger that is felt internally, and she is also focused on finalizing the other new major funding programs, which must be approved by the board.
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