Non-profit

Soros Economic Development Fund (SEDF)

Location:

NEW YORK, NY

Tax ID:

13-3965896

Tax-Exempt Status:

501(c)(3)-PF

Budget (2015):

Revenue: $63,674,610
Expenses: $7,094,079
Assets: $120,687,001

Type:

Private Grantmaking Foundation

Latest Filing:

2018 Form 990

The Soros Economic Development Fund (SEDF) is a 501(c)(3) private grantmaking foundation associated with the Open Society Foundations, a foundation created and funded by liberal billionaire George Soros.

Leadership

According to its 2018 IRS Form 990 filing (available here), the Soros Economic Development Fund’s board of directors consisted of the following: [1]

All of the Fund’s board members are also employees of the Open Society Foundations, a separate foundation that pays their salaries.

Funding

Financial Overview

The Soros Economic Development Fund is a 501(c)(3) private grantmaking foundation. In 2018, it reported net revenues of $47.8 million, total expenditures of $2.8 million, and total assets of $187.2 million. [2]

Donors to Soros Economic Development Fund

In 2018, the sole donor to the Fund was the Foundation to Promote Open Society, one of the two biggest private foundations funded by George Soros. FPOS gave the Fund $60.5 million. [3]

Financial Documents

The 2018 IRS Form 990 filing for Soros Economic Development Fund was obtained by the Capital Research Center in March 2020 and is available here.

References

  1. Return of Organization Exempt from Income Tax (Form 990-PF). Soros Economic Development Fund. 2018. Part VIII (List of Officers, Directors, Trustees). ^
  2. Return of Organization Exempt from Income Tax (Form 990-PF). Soros Economic Development Fund. 2018. Part I. Lines 12, 26, 16. ^
  3. Return of Organization Exempt from Income Tax (Form 990-PF). Soros Economic Development Fund. 2018. Schedule B. ^

Directors, Employees & Supporters

  1. George Soros
    Primary Funder
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: November 1, 1994

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2015 Dec Form PF $63,674,610 $7,094,079 $120,687,001 $2,353,010 $0 $0 $0 $0 PDF
    2014 Dec Form PF $34,736,586 $295,210,634 $67,397,878 $5,271,478 $0 $0 $0 $0 PDF
    2013 Dec Form PF $602,255 $8,703,199 $368,281,818 $18,270,695 $0 $0 $0 $0 PDF
    2012 Dec Form PF $16,657,676 $6,907,324 $233,986,912 $11,234,529 $0 $0 $0 $0 PDF
    2011 Dec Form PF $-2,679,823 $4,629,614 $216,278,898 $9,379,714 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Soros Economic Development Fund (SEDF)

    224 W 57TH ST 9TH FL
    NEW YORK, NY 10019-3212