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Open Society Foundations

Grantmaking network founded by George Soros

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Through Eastern Europe, Russia and Social science

History

On May 28, 1984, George Soros signed a contract between the Soros Foundation/New York City and the Hungarian Academy of Sciences, the founding document of the Soros Foundation/Budapest. This was followed by several foundations in the region to help countries move away from Soviet-style socialism in the Eastern Bloc.

In 1991, the foundation merged with the Fondation pour une Entraide Intellectuelle Européenne ("Foundation for European Intellectual Mutual Aid"), an affiliate of the Congress for Cultural Freedom, created in 1966 to imbue 'non-conformist' Eastern European scientists with anti-totalitarian and capitalist ideas.

In 1993, the Open Society Institute was created in the United States to support the Soros foundations in Central and Eastern Europe and Russia. The group's name was inspired by Karl Popper's 1945 book The Open Society and Its Enemies.

In August 2010, it started using the name Open Society Foundations (OSF).

In 1995, Soros stated that he believed there can be no absolute answers to political questions because the same principle of reflexivity applies as in financial markets.

In 2012, Christopher Stone joined the OSF as the second president. He replaced Aryeh Neier, who served as president from 1993 to 2012. Stone announced in September 2017 that he was stepping down as president. In January 2018, Patrick Gaspard was appointed president of the Open Society Foundations. He announced in December 2020 that he was stepping down as president. In January 2021, Mark Malloch-Brown was appointed president of the Open Society Foundations. On March 11, 2024, OSF announced that Binaifer Nowrojee would start as the group's new president on June 1, 2024.

In 2016, the OSF was reportedly the target of a cyber security breach. Documents and information reportedly belonging to the OSF were published by a website. The cyber security breach has been described as sharing similarities with Russian-linked cyberattacks that targeted other institutions, such as the Democratic National Committee.

In 2017, Soros transferred $18 billion to the foundation.

In 2023, George Soros handed over the leadership of the foundation to his son Alexander Soros, who soon announced layoffs of at least 40 percent of its international staff of then 800 and "significant changes" to the operating model.

During the second presidency of Donald Trump, federal prosecutors were directed to investigate the OSF. Prosecutors were told to consider possible charges including "racketeering, arson, wire fraud and material support for terrorism." The investigation was based on a claim that OSF "has poured over $80 million into groups tied to terrorism or extremist violence." In response, OSF issued a statement saying "The Open Society Foundations unequivocally condemn terrorism and do not fund terrorism" and calling the investigation a "politically motivated attack."

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