Foundation To Promote Open Society
- Assets
- $11.8b
- Revenue
- $2.1b
- Investments
- $11.7b
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 26-3753801
Organization Overview
Foundation To Promote Open Society is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation To Promote Open Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Foundation To Promote Open Society generated $2.1b in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 48.7% each year . All expenses for the organization totaled $2.4b during the year ending 12/2021. While expenses have increased by 45.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Foundation To Promote Open Society has awarded 4,354 individual grants totaling $3,238,037,545. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Aidinoff Scovell Secretary | 2 | $0 | |
Andrea Soros Colombel Director | 2 | $0 | |
George Soros Director And Chairman | 2 | $0 | |
Maija Arbolino Treasurer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ngosource | 12/30/21 | $803,980 |
Kpmg Llp | 12/30/21 | $51,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,047,545,894 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,844,715 |
| Total Revenue | $2,059,390,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,118,484 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,255,101 |
| Total operating and administrative expenses | $23,447,269 |
| Contributions, gifts, grants paid | $2,382,441,088 |
| Total expenses and disbursements | $2,405,888,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,902,651 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,793,104 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,914 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,669,062,896 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,756,815,565 |
| Accounts payable and accrued expenses | $6,780 |
| Grants payable | $171,154,180 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $115,633,450 |
| Total liabilities | $286,794,410 |
Grants Awarded
Over the last fiscal year, Foundation To Promote Open Society has awarded $2,519,326,049 in support to 1,881 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT GRANTEE'S CHARITABLE, EDUCATIONAL, SCIENTIFIC, RELIGIOUS, AND LITERARY PURPOSES | $1,800,000,000 |
New York, NY PURPOSE: TO SUPPORT GRANTEE'S PROGRAM RELATED INVESTMENT ACTIVITIES | $62,331,184 |
OPEN SOCIETY FOUNDATION LONDON PURPOSE: TO SUPPORT NON-LOBBYING ACTIVITIES AND PROGRAMS PROMOTING OPEN, DEMOCRATIC SOCIETIES AROUND THE WORLD | $43,671,524 |
New York, NY PURPOSE: TO SUPPORT GRANTEE'S PROGRAM RELATED INVESTMENT ACTIVITIES | $39,973,485 |
Washington, DC PURPOSE: TO SUPPORT THE EQUIS INSTITUTE, A PROJECT OF THE GRANTEE THAT SEEKS TO HELP LATINX COMMUNITY-BASED ORGANIZATIONS OVERCOME RACISM AND HISTORIC DISENFRANCHISEMENT TO ELEVATE LATINX VOICES IN OUR DEMOCRACY | $8,362,000 |
New York, NY PURPOSE: TO SUPPORT GRANTEE'S PROGRAM RELATED INVESTMENT ACTIVITIES | $7,668,816 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation To Promote Open Society has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Hopewell Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellspring Philantropic Fund Inc New York, NY | $117,589,910 | $175,211,153 |
Pew Memorial Trust Philadelphia, PA | $3,258,905,531 | $312,519,832 |
Barr Foundation Boston, MA | $1,838,977,066 | $449,148,867 |
The Bessemer Giving Fund Woodbridge, NJ | $757,899,558 | $291,598,256 |
J E Barbey 8 Tenacre Foundation Pittsburgh, PA | $817,905 | $68,136,758 |
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |