Non-profit

Soros Fund Charitable Foundation

Location:

NEW YORK, NY

Tax ID:

13-3388177

Tax-Exempt Status:

501(c)(3)-PF

Budget (2015):

Revenue: $17,763,819
Expenses: $19,599,020
Assets: $51,875,050

Formation:

1986 in New York, NY

Tax Exempt Since:

July 1987 [12]

Formerly:

Soros Fund Charitable Foundation (2000 – Present)

SGM Scholarship Foundation (1995 – 2000)

Fund for Reform and Opening of China, Inc. (1986 – 1995)

Soros Fund Charitable Foundation is a private grantmaking foundation founded and funded by billionaire George Soros. The foundation is associated with Soros Fund Management, a private investment management firm that Soros founded in 1969. [1] Soros Management Fund manages about $30 billion in assets, with much coming from Soros’s own investments. [2]

The foundation is closely associated with the Soros Network’s other grantmaking arms, the Open Society Foundations and Foundation to Promote Open Society. It also shares the same New York City address as the other two organizations.

The Soros Fund Charitable Foundation also awards scholarships for students contributing to the scientific, cultural, or economic development of China and fellowships to individuals involved in the fields of culture, economics, and science. The scholarships and fellowships are used for trips by Chinese nationals to the United States and trips by non-Chinese nationals to China. It also supports international and U.S.-based philanthropic organizations. [3]

Leadership

George Soros, a billionaire financial trader and left-wing mega-funder, is the main funder of the Soros Fund Charitable Foundation. Soros has an estimated net worth of $8.3 billion as of April 2020. [4]

Maryann Canfield is listed as the president and a director on the foundation’s 2018 tax return. [5]

The board vice president and treasurer is Christopher I. Naunton. [6]

Gail Scovell is the secretary of the board of directors. [7]

Grants and Advocacy

According to its 2018 tax returns, the Soros Fund Charitable Foundation made a $7,500 grant to the ACLU Foundation, gave $15,000 to Planned Parenthood, and provided $30,000 to the Southern Poverty Law Center. [8]

The Center for Public Integrity, a journalism nonprofit, reported in 2013 that the fund contributed $255,000 to 35 different Christian organizations in 2012, many of which leaned conservative. [9] The more recent tax returns showed smaller grants to religious organizations.

The Soros Fund Charitable Foundation has also contributed more than $1 million to more than two dozen universities in 2012, according to the Washington Post. These includes $249,150 to Princeton University in New Jersey and $106,350 to Yeshiva University in New York City. [10]

The Soros Fund Charitable Foundation collaborated with the libertarian-conservative leaning Charles Koch Institute, among other groups meant to span the ideological spectrum, to start Communities Overcoming Extremism: The After Charlottesville Project, to start a dialogue to bring sides together after the white nationalist riot in Charlottesville, Virginia in the summer of 2017. [11]

References

  1. Wollner, Adam. “Soros Charitable Foundation Sometimes Leans Right.” Center for Public Integrity. June 17, 2013. Accessed April 24, 2020. https://publicintegrity.org/politics/soros-charitable-foundation-sometimes-leans-right/ ^
  2. George Soros. Celebrity Net Worth. Accessed April 24, 2020. https://www.celebritynetworth.com/richest-businessmen/richest-billionaires/george-soros-net-worth/ ^
  3. Soros Fund Charitable Trust. Foundation Directory Online. Accessed April 24, 2020. https://fconline.foundationcenter.org/fdo-grantmaker-profile/?key=FUND027 ^
  4. “George Soros.” Forbes. Forbes Magazine, April 27, 2020. https://www.forbes.com/profile/george-soros/. ^
  5. Soros Fund Charitable Foundation. Pro Publica. Accessed April 24, 2020. https://projects.propublica.org/nonprofits/display_990/133388177/01_2020_prefixes_13-14%2F133388177_201812_990PF_2020011517034064 ^
  6. Soros Fund Charitable Foundation. Pro Publica. Accessed April 24, 2020. https://projects.propublica.org/nonprofits/display_990/133388177/01_2020_prefixes_13-14%2F133388177_201812_990PF_2020011517034064 ^
  7. Soros Fund Charitable Foundation. Pro Publica. Accessed April 24, 2020. https://projects.propublica.org/nonprofits/display_990/133388177/01_2020_prefixes_13-14%2F133388177_201812_990PF_2020011517034064 ^
  8. Soros Fund Charitable Foundation. Pro Publica. Accessed April 24, 2020. https://projects.propublica.org/nonprofits/display_990/133388177/01_2020_prefixes_13-14%2F133388177_201812_990PF_2020011517034064 ^
  9. Wollner, Adam. “Soros Charitable Foundation Sometimes Leans Right.” Center for Public Integrity. June 17, 2013. Accessed April 24, 2020. https://publicintegrity.org/politics/soros-charitable-foundation-sometimes-leans-right/ ^
  10. Levinthal, Dave. “Inside the Koch Brothers’ Campus Crusade.” The Center for Public Integrity. March 27, 2014. https://publicintegrity.org/politics/inside-the-koch-brothers-campus-crusade/ ^
  11. Ruger, Sarah. “Democrats and Republicans Aren’t So Different, After All.” Real Clear Politics. June 26, 2019. Accessed April 24, 2020. https://www.realclearpolitics.com/articles/2019/06/26/democrats_and_republicans_arent_so_different_after_all___140654.html ^
  12. Soros Fund Charitable Foundation. Pro Publica. Accessed April 24, 2020. https://projects.propublica.org/nonprofits/organizations/133388177 ^

Directors, Employees & Supporters

  1. Alexander Soros
    Board Member
  2. Jonathan Soros
    Board Member
  3. George Soros
    Founder, Primary Funder
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: July 1, 1987

  • 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 $17,763,819 $19,599,020 $51,875,050 $0 $0 $0 $0 $0 PDF
    2014 Dec Form PF $346,862,569 $393,067,120 $52,509,753 $0 $0 $0 $0 $0 PDF
    2013 Dec Form PF $-3,817,821 $9,095,745 $280,421,230 $0 $0 $0 $0 $0 PDF
    2012 Dec Form PF $6,595,959 $8,761,370 $167,412,844 $0 $0 $0 $0 $0 PDF
    2011 Dec Form PF $6,063,513 $7,615,944 $159,291,656 $0 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Soros Fund Charitable Foundation

    250 W 55TH ST
    27TH FL
    NEW YORK, NY 10019-9710