Mr. Soros’s group will invest $150 million in grants for Black-led racial justice groups, and another $70 million toward local grants for criminal justice reform and civic engagement opportunities.
The Open Society Foundations, the philanthropic group founded by the business magnate George Soros, will announce on Monday that it is investing $220 million in efforts to achieve racial equality in America, a huge financial undertaking that will support several Black-led racial justice groups for years to come.
The initiative, which comes amid national protests for racial equality and calls for police reform ignited by the killing of George Floyd in Minneapolis, will immediately reshape the landscape of Black political and civil rights organizations, and signals the extent to which race and identity have become the explicit focal point of American politics in recent years, with no sign of receding. Mr. Soros, who has at times faced smears and anti-Semitism over his role as a liberal megadonor, is also positioning his foundation near the forefront of the protest movement.
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